Gains were broad based. IBM led a tech charge ahead of its quarterly results, released after the closing bell. After the close, IBM reported higher quarterly sales and earnings that topped estimates. But investors sent shares 1% lower in extended-hours trading. QQQQ implied volatility slid to record lows as investors dumped protective puts and bet on the uptrend.
Wednesday, January 20, 2010
Recharged the rally
Gains were broad based. IBM led a tech charge ahead of its quarterly results, released after the closing bell. After the close, IBM reported higher quarterly sales and earnings that topped estimates. But investors sent shares 1% lower in extended-hours trading. QQQQ implied volatility slid to record lows as investors dumped protective puts and bet on the uptrend.
