Large trades stepped in, despite no clear buying catalyst and an unexpected decline in employment. The market shrugged off a report of an unexpected decline in payrolls. Large tech stocks led the late rally. Palm introduced two phones at the Consumer Electronics Show. Credit Suisse thinks investors will return to large cap biotech in 2010. QQQQ's implied volatility plunged to extremely low levels. Six S&P500 companies reported quarterly earnings this week, with EPS mostly exceeding expectations. Earnings reports start to pick up next week with Alcoa, Intel and JPMorgan Chase.
Saturday, January 9, 2010
Posted healthy gains
Large trades stepped in, despite no clear buying catalyst and an unexpected decline in employment. The market shrugged off a report of an unexpected decline in payrolls. Large tech stocks led the late rally. Palm introduced two phones at the Consumer Electronics Show. Credit Suisse thinks investors will return to large cap biotech in 2010. QQQQ's implied volatility plunged to extremely low levels. Six S&P500 companies reported quarterly earnings this week, with EPS mostly exceeding expectations. Earnings reports start to pick up next week with Alcoa, Intel and JPMorgan Chase.
