Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Buzz & Banter

By

PrintPRINT
So far this morning, the top 5 volume leaders in the Nasdaq 100 are showing an average of 15% block volume. This means that of the total shares traded, on average, 15% of it consists of trades of 10,000 or more shares - usually a sign of institutional activity. On an average day, the volume leaders see something closer to 20% of the volume coming from block trades.

On the other hand, the QQQ's have seen block volume accounting for 41% of the total volume this morning, which is a little higher than average. This would suggest that institutions have been favoring the QQQ's over "real" companies, perhaps trading this move instead of investing in it.

Today has a decent chance of morphing into a trend day, where every dip is bought right into the close (watch the NYSE TICK for clues - if the futures rally every time it approaches zero, then we likely won't see a meaningful reversal all day). But how institutions participate in the rally over the next couple of days will determine its longer-term staying power, and right now the evidence is inconclusive.
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE