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POWERSHARES QQQ TRUST SENIOR 1 ETF (QQQQ) 43.44 red arrow -$0.22 (-0.50%) 10:00PM (15 mins delay)


Options Trader: Thursday Outlook

Jul 30, 2009 - 9:28 AM EDT

Phil Davis submits:

This is starting to get funny.

The Beige Book was certainly no great shakes yesterday, but we got our usual afternoon "stick save," with the indexes gaining 1% between 1:30 and the close to bring us to barely negative finish. By the time Asia opened, another half point had been added to the US futures and that allowed China to bounce back and we made yet another half point on Europe’s open around 3am. So here we are at 7:30, with our futures up almost a full point on no particular good news.


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Source: Seeking Alpha (Jul 30, 2009 - 9:28 AM EDT)



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