Leadership from the tech sector helped stocks trim steep losses that stemmed from a stronger dollar. Strength among semiconductor stocks has helped the Nasdaq pare its losses. A lower-than-expected preliminary University of Michigan Consumer Sentiment Survey reading of 73.7 for February and a surprise 0.2% decrease in December business inventories were met with little reaction. The technical chart looks very bullish in the very short term. QQQQ implied volatility slipped further.
Saturday, February 13, 2010
Posted healthy gains
Leadership from the tech sector helped stocks trim steep losses that stemmed from a stronger dollar. Strength among semiconductor stocks has helped the Nasdaq pare its losses. A lower-than-expected preliminary University of Michigan Consumer Sentiment Survey reading of 73.7 for February and a surprise 0.2% decrease in December business inventories were met with little reaction. The technical chart looks very bullish in the very short term. QQQQ implied volatility slipped further.
