Despite plenty of potential positive news, the market lacked direction for the second straight session. Telecom was the worst performing sector this session, though. It dropped 3.0% as integrated telecom fell 3.3%. Thomas Weisel raised its target on Google to $650 from $620. ThinkEquity raised their target on Micron. The technical chart looks neutral. Microsoft CEO Steve Ballmer introduced a touch-screen tablet computer from Hewlett-Packard and said U.S. sales of PCs running Windows jumped 50% over the holidays. QQQQ's implied volatility remains on extremely low levels as bullish sentiment still prevailed.
