What a rally today, consistent, went up throughout the day after being low in the first half hour or so. But look at the volume, very low.
Yahoo finance shows qqqq ( which traces nasdaq 100) avg. volume to be 220 Million, today it was 107 million, not even half.
AAPL which is the largest holding of qqqq was up 6.33% which helped the nasdaq a lot and the volume on AAPL was a bit better than 50% of its avg. volume.
Good rallies do not come one such low volume but hey at this point I am sure most people will just look at the rally and not care about the rest.
I am going to be cautious and not chase any stocks here.
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