Buzz & Banter
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.
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