Stocks failed to extend the advance in afternoon trade. No one wants to be in a vulnerable position if a correction takes place. Still, the major indices finished the session modestly higher. Stocks are just 1% off of their 52-week highs. Texas Instruments announced an improved its earnings outlook. However, the semiconductor company's shares slipped. Cisco unveiled plans for its new router. The daily QQQQ chart is approaching the resistance. The QQQQ implied volatility inched higher.
Wednesday, March 10, 2010
Bullish sentiment faded away
Stocks failed to extend the advance in afternoon trade. No one wants to be in a vulnerable position if a correction takes place. Still, the major indices finished the session modestly higher. Stocks are just 1% off of their 52-week highs. Texas Instruments announced an improved its earnings outlook. However, the semiconductor company's shares slipped. Cisco unveiled plans for its new router. The daily QQQQ chart is approaching the resistance. The QQQQ implied volatility inched higher.
