• 	OPTIONSMART MORNING UPDATE: Underpinned by rising commodity prices
  1. OUTLOOK: The chip industry, drived by Applied Materials (AMAT) and Advanced Micro Devices (AMD), led the tech sector higher. Reportedly, Microsoft (MSFT) is developing a small tablet-style PC to rival a similar product that may be launched by Apple (AAPL). Hewlett-Packard (HPQ) closed the day with gains of 1.4% after the company was upgraded to “outperform” by Credit Suisse.  However, HPQ looks deeply overbought in the short- term. The steady move up is creating anxiety in investors that they are missing out. U.S.futures point to a neutral open. Interested in more frequent updates? Follow OptionSmart on Twitter! You will receive: real-time market updates, "ready-to-move" stocks notifications, detailed technical charts, pre-market comments from our leading analysts, trading alerts and more...  Register free!
  2. TRADING OPPORTUNITY: Buy the market on weakness.
  3. OUR FREE MONTHLY TRADING RECOMMENDATION AUTO-TRADEABLE WITH OUR PARTNER BROKERAGES: to be published  in late October. SPY Oct 95/98 Bullish Debit Call Spread: Bought @2.10 on 09/02/09 and sold @2.31 on 09/04/09 with a 11% gain just in two days!   Free Picks Track Record
  4. WISDOM NUGGETS:  Bottoms take longer to shape than tops. Greed acts more quickly than fear and pushes stocks to drop from their own weight.
  5. LIMITED TIME ONLY! SPECIAL  OFFER:  Subscribe to our QQQQ Picks and save 25% on recurring subscriptions by entering coupon code B8E2 during checkout (expires on September 29, 2009). New subscribers only.  Diversify your portfolio by receiving more frequent picks and trading alerts. Subscribe to our paid services!

  September 23rd, 2009 at 8:49 am

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