A lack of positive catalysts and a stronger dollar kept many buyers at bay, while volume and volatility spiked with quadruple witching. PALM posted weak earnings. Telecom was the only major sector to finish with a gain. The QQQQ implied volatility inched higher as the market showed signs of weakness.
Saturday, March 20, 2010
Fell on profit-taking
A lack of positive catalysts and a stronger dollar kept many buyers at bay, while volume and volatility spiked with quadruple witching. PALM posted weak earnings. Telecom was the only major sector to finish with a gain. The QQQQ implied volatility inched higher as the market showed signs of weakness.
