Bernanke indicated that the FOMC is looking to keep interest rates low for an extended period of time. Telecom was the best performing sector this session. The sector booked a 1.8% gain, which added to its gains from last week. Cisco is scheduled to hold its annual investor day on 12/8. RIMM has reached an agreement with Digital China to distribute its BlackBerry handsets in China. QQQQ implied volatility little changed. The technical chart shows weakness.
Monday, December 7, 2009
Unable to hold gains
Bernanke indicated that the FOMC is looking to keep interest rates low for an extended period of time. Telecom was the best performing sector this session. The sector booked a 1.8% gain, which added to its gains from last week. Cisco is scheduled to hold its annual investor day on 12/8. RIMM has reached an agreement with Digital China to distribute its BlackBerry handsets in China. QQQQ implied volatility little changed. The technical chart shows weakness.
