December 18, 2009

QUAD WITCHING WEIRDNESS

 

This week saw a heavy dose of market moving news featuring the Fed's statement; Jobless Claims; commodity and currency "helter skelter"; a mixed bag of earnings news; perhaps some dangerous events between Iran/Iraq; and, wrapped-up by quad-witching manipulations.

Strong earnings from ORCL and RIMM were featured bullish stories today and financials reversed their recent losing trend perhaps the result of options expiration shenanigans. 

Volume rose and is typical for an expiration day while breadth was positive.