Thursday, April 7, 2011

Showing strength

Tech stocks were among the best performers with Cisco leading gainers. Energy stocks came under pressure after the government's weekly inventory report showed smaller-than-expected declines in U.S. supplies of oil and gasoline. It's been a pretty mixed day with not much to react to. Q1 earnings will be the main driver next week. The implied volatility remains low as bullish sentiment still prevails.