An upbeat forecast from global shipment company FedEx provided support for industrial sector. The University of Michigan released a stronger-than-expected preliminary consumer sentiment survey for September that came in at 70.2. This week’s advance has been fueled by light trading volume, suggesting investors are reluctant to commit. Market breadth was mixed. On the Nasdaq, decliners topped advancers three to two. However, QQQQ’s implied volatility remains on the very low level. This indicates that bullish sentiment still prevails. Trading is expected to be very volatile this week as investors adjust portfolios ahead of "quadruple witching" on Friday - stock index futures and options and individual stock futures and options all expire at the same time.
Saturday, September 12, 2009
Taking a breather
An upbeat forecast from global shipment company FedEx provided support for industrial sector. The University of Michigan released a stronger-than-expected preliminary consumer sentiment survey for September that came in at 70.2. This week’s advance has been fueled by light trading volume, suggesting investors are reluctant to commit. Market breadth was mixed. On the Nasdaq, decliners topped advancers three to two. However, QQQQ’s implied volatility remains on the very low level. This indicates that bullish sentiment still prevails. Trading is expected to be very volatile this week as investors adjust portfolios ahead of "quadruple witching" on Friday - stock index futures and options and individual stock futures and options all expire at the same time.
