OPTIONSMART MORNING UPDATE: Turned into a loss
August 7th, 2009 at 7:46 am|
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OPTIONSMART MORNING UPDATE: Turned into a loss |
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1. OUTLOOK: The market was unable to hold early gains and finished in the red. Investors await July employment figures today before markets open. Cisco failed to ignite the tech sector though issued a positive outlook. The next wave of the advance could be delayed by a small selloff of maybe five percent on the NASDAQ. US futures point to a lower open.
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2. TRADING OPPORTUNITY: n/a |
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3. OUR FREE MONTHLY TRADING RECOMMENDATION AUTO-TRADABLE
WITH OUR PARTNER
BROKERAGES:
to be published in Aug.
Our most recent Free Pick: QQQQ Sep
34/36 Debit Call Spread: Bought @1.32 on 06/22/09 and
sold @1.46 on 07/16/09 with a 10.6% in 24
days!
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4. MOST RECENT MOMENTUM PLAY QQQQ Sep 34/36 Debit Call Spread
Opened @1.49
on 6/11/09 (Jul 34/36C), rolled for an extra debit 0.07
on 07/10/09 and sold @1.78 on 08/07/09 with a 14% gain in 58 days!
Learn more about Momentum Plays and find out how to use othis service. |
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