Stocks moved higher this week after a third round of quantitative easing (QE3) was announced on Thursday. The U.S. central bank announced that it would keep Operation Twist running through the end of the year, keep the federal funds rate at 0% until mid-2015, and (as a surprise to the markets) purchase $40 billion worth of mortgage-backed securities every month until employment improves.

After already trending upward from potential eurozone solutions announced earlier in the week, some of the major index exchange traded funds (ETFs) broke through key resistance levels after the QE3 announcement. With many of the indexes as fresh year-to-date or 52-week highs, many traders are looking for modest retracements next week, after the QE3 surprise wears off a bit.