Replies to post #10313 on DayTrading QQQ Swings (QQQ)

[blasher]

Markets closed yesterday with solid gains following strong reports on durable goods and housing, but worries over the EU summit remain front and center. That's the third positive housing report this week, and investors are taking heart. Google unveiled its first tablet. Shares of Google and Amazon were up on the news. Best Buy rebounded after reports that the retailer's founder, Richard Shulze, may be selling his stake in the company. The market sentiment turns bullish. However, the VIX index of S&P500 volatility remains at 19-20 level.

[blasher]

The Labor Department's jobs report came in below expectations on Friday and pointed to signs of a deceleration in employment growth -- a scary prospect for the broader U.S. economy. Stocks pared some of the steepest losses near the end of a light trading day on rumors of potential Federal Reserve intervention in the markets. Worries over the health of the global economy also caused investors to flee commodities. Oil prices dropped more than 3%. The technology sector added to investors' concerns after Seagate Technology reported weaker-than-expected quarterly results. Other key technology companies traded lower on fears that slowing global growth could weigh down the entire sector. Meanwhile worries over the health of eurozone continue to bubble up.
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