Stocks traded in lackluster fashion for most of the session, but some late pressure caused stocks to close at session lows and conclude the year on a weak note. Many analysts think that it's unlikely the market will do as well in 2010 as it did this year. The signs of underlying demand continue to be pretty soft. Google will reportedly launch its Nexus One smartphone next week. QQQQ implied volatility continued to drift higher. The tech sector looks for direction.
Sunday, January 3, 2010
Looking for direction
Stocks traded in lackluster fashion for most of the session, but some late pressure caused stocks to close at session lows and conclude the year on a weak note. Many analysts think that it's unlikely the market will do as well in 2010 as it did this year. The signs of underlying demand continue to be pretty soft. Google will reportedly launch its Nexus One smartphone next week. QQQQ implied volatility continued to drift higher. The tech sector looks for direction.
