OPTIONSMART MORNING UPDATE: Lacking leadership
September 30th, 2009 at 8:29 amOPTIONSMART MORNING UPDATE: Lacking leadership 1. OUTLOOK: A weaker-than-expected consumer confidence index raised more questions about the strength of a recovery. The pace of falling home prices continued to slow, according to a report re ...
OPTIONSMART MORNING UPDATE: Bouncing back
September 29th, 2009 at 8:48 amOPTIONSMART MORNING UPDATE: Bouncing back 1. OUTLOOK: Two multi-billion dollar merger announcements gave investors a reason to get back into stocks. Big mergers were considered as a sign that the credit market is improving,However, trading ...
OPTIONSMART MORNING UPDATE: Sunday Edition
September 26th, 2009 at 1:58 pmOPTIONSMART MORNING UPDATE: Sunday Edition 1. OUTLOOK: Weaker-than-expected reports on durable goods orders and new home sales sparked concerns about the strength of any recovery. In fact, the market looks for a catalyst to move either dir ...
OPTIONSMART MORNING UPDATE: Plunged on profit-taking
September 25th, 2009 at 6:05 amOPTIONSMART MORNING UPDATE: Plunged on profit-taking 1. OUTLOOK: The market exptended losses as we predicted in our most recent update.Disappointing existing home sales and a sharp rebound in the dollar pushed the market in its second str ...
OPTIONSMART MORNING UPDATE: Formed a bearish pattern
September 24th, 2009 at 5:32 amOPTIONSMART MORNING UPDATE: Formed a bearish pattern 1. OUTLOOK: The market was unable to hold gains. Financials were the worst performing major sector. Materials stocks finished not far behind financials. Telecom steadily outperformed for ...
OPTIONSMART MORNING UPDATE: Underpinned by rising commodity prices
September 23rd, 2009 at 8:49 amOPTIONSMART 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 ...
OPTIONSMART MORNING UPDATE: Poised for strong opening
September 22nd, 2009 at 8:09 amOPTIONSMART MORNING UPDATE: Poised for strong opening 1. OUTLOOK: The NASDAQ index posted a modest gain as biotech stocks advanced. Tech stocks finished fractionally higher, but Dell (DELL) was dropped for a sizable loss. It announced that ...
OPTIONSMART MORNING UPDATE: Sunday Edition
September 20th, 2009 at 8:36 amOPTIONSMART MORNING UPDATE: Sunday Edition 1. OUTLOOK: The market sentiment remains bullish but consumer sentiment is still well below what it should be and that's creating some hesitation for investors. However, widely-expected Septembe ...
OPTIONSMART MORNING UPDATE: Spiked to 1-year highs
September 17th, 2009 at 8:51 amOPTIONSMART MORNING UPDATE: Spiked to 1-year highs 1. OUTLOOK: A rise in industrial production and an uptick in commodity prices fueled the advance. After the close, Oracle reported weaker quarterly revenue that missed forecasts and lost 3 ...
OPTIONSMART MORNING UPDATE: Lifted by strong economic data
September 16th, 2009 at 8:53 amOPTIONSMART MORNING UPDATE: Lifted by strong economic data 1. OUTLOOK: Despite the overall positive nature of the data, stocks ran into a flurry of selling pressure in early going. However, the dip was short-lived. Market players paid litt ...