Investors sorted through a bevy of reports on jobs, housing and the deficit. Stocks spent the session in a sideways chop, but managed to settle with solid gains. National Semi (NSM) beat estimates. Kaufman raises their Research in Motion (RIMM) Q3 estimates. Needham downgraded Analog Corp. Broadpoint AmTech expects ORCL's database business to rebound. QQQQ implied volatility little changed. QQQQ moved within a very narrow range over the last four weeks (see the chaart). We are not likely to see much of a change in direction for the last few weeks of the year.
Friday, December 11, 2009
Posted solid gains
Investors sorted through a bevy of reports on jobs, housing and the deficit. Stocks spent the session in a sideways chop, but managed to settle with solid gains. National Semi (NSM) beat estimates. Kaufman raises their Research in Motion (RIMM) Q3 estimates. Needham downgraded Analog Corp. Broadpoint AmTech expects ORCL's database business to rebound. QQQQ implied volatility little changed. QQQQ moved within a very narrow range over the last four weeks (see the chaart). We are not likely to see much of a change in direction for the last few weeks of the year.
