Good Start to 2010
10th January 2010
Technology stocks in the Nasdaq lead the stock market out of the gate to start the new year off positively to more than make up for its year ending final hour fall. While stocks spent the rest of the week drifting slowly upward, it does not look like it will experience much more than a pull back to support levels as it marches forward once again. It would not surprise me if the market returns to its normal mode of operation this year, with stocks picking up 10 to 12 percent.
Option players can take advantage of this with with some bullish spread strategies, like the bull call spread and the bull put spread. You might want to consider options with at least 90 days to expiration.
JD
