07.28.10 - Semi's Lead Sell Pressure - VanEck Semiconductor ETF (NASDAQ:SMH)

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.

The market is "finally" experiencing mild sell pressure after it's recent explosive move higher. While Semi's (SMH) have been leading the way down and I'll be keeping a close eye on those, overall internals are mixed with positive cumulative tick set against marginally higher down volume and negative advancers - decliners. Therefore, I am not expecting a major breakdown at this time. Certainly jobless claims and GDP will play strongly going into the end of the week and there may be some nervousness going into those after two negative economic reports earlier in the week.

What is that below? Hmmm..... Re-publishers, please contact me about Market Rewind RSS feed going forward. Yes, this is a Mary had a little lamb test! Are you reading?

27% profits every 20 days?

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