• 	OPTIONSMART MORNING UPDATE: Upward momentum fades away
  1. OUTLOOK: Nasdaq has now put together nine straight winning sessions and is up a remarkable 21% for the year. Large cap technology stocks continue their hot streak. Texas Instruments reported earnings after the closing bell. The chipmaker posted sales that fell 27% from the year ago period and net income that plunged 56% from the same quarter a year ago. Compared to the first quarter of 2009, however, sales and profits jumped. However, the stock dropped in after-hours trading. QQQQ's implied volatility inched higher as large traders were getting ready for a pullback.
  2. TRADING OPPORTUNITY: n/a
  3. OUR FREE MONTHLY TRADING RECOMMENDATION AUTO-TRADABLE WITH OUR PARTNER BROKERAGES:  to be published in August. 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!
  4. WISDOM NUGGETS:  "We simply attempt to be fearful when others are greedy, and to be greedy only when others are fearful." Warren Buffett.
  5. SPECIAL OFFER:  Our "QQQQ Enhanced Portfolio" subscribers enjoyed the ride: 54 out of 54 (100%) profitable trades in 2009 with an average 12% gain per trade (12 days long)! The portfolio gained 127% in H1 2009. Learn more, subscribe to our "QQQQ Enhanced Portfolio" and get a 15% discount on recurring subscriptions by entering coupon code 578D during checkout (expires on July 23, 2009). New subscribers only.  Diversify your portfolio by receiving more frequent picks and trading alerts. Subscribe to our paid services!

  July 21st, 2009 at 6:09 am

Powered By GetResponse Email Marketing