Greeting Friends,
Before I start with this week potential trade, I would like to talk about something on the market for this week.
The markets on Friday showed some early promise at least as far as momentum was concerned with a nice opening downside push, however, once again the move faded and narrowed into a tight range closing within the annoying consolidation on the broader market charts. There is little more insight I can offer for this market until we break out one way or another. It’s possible we will stay range-bound for the next several weeks until the summer earnings season kicks in. Yes that could mean another 4 weeks of this but we will see. Until then we will bracket our range and wait for either a breakout above 950 on the SPX or break below the 20-ema on it now at 924 to signal our next market trend.
My potential trade for this week would be
MYGN Call 35 July 09.
There's a big chances that I will enter this trade today, cause futures already shown that market will be gapping down.
I post it, if I got in this trade.
Last thing, I made a ThinknRich twitter, so maybe some of you can follow my trade and any updated info via twitter.
This is the link www.twitter.com/ThinknRich
That's all folks,
Have a nice trade
Monday, June 15, 2009
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