Pretty Good Volume Today

Today’s Nasdaq volume of 2.14 billion shares was the highest in a month and a half.  It was accompanied by a 1.4% gain in the index, lead by some high-quality growth stocks coming out of bases.  The most recent rally attempt has now whipsawed its way to new recent highs.  The whipsawing can actually be positive or negative, depending on if it scares out weak longs and clears the way for a rally or if it shows the underlying weakness of the move.  Too soon to know for sure which is the case here.  Cheers!

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