Major Index ETF Leaders/Laggards
Traders scooped up technology and material stocks from market bottoms. Indexes turning positive after the three-day plunge suggest money managers believe the market is oversold.
ETF Market Leaders on Friday
PowerShares Nasdaq100 (NYSE: QQQQ) up $.36 or .84% to close at $42.98
QQQQ daily volume for Friday was 213,517,916
Three-month average daily volume is 94,748,500
ISHARE RUS 2000 INDX (NYSE: IWM) down $.23 or +.39% to close at $59.27
IWM daily volume for Friday was 106,715,086
Three-month average daily volume is to the 58,037,400
ETF Market Laggards on Friday
PS UTLRSHRT QQQ (NYSE: QID) down $0.33 or -1.53% to close at $21.30
QID daily volume for Friday was 45,780,673
Three-month average daily volume is to the 15,146,400
ULTRASHORT RUSSELL20 (NYSE: TWM) down $0.23 or - .83% to close at $ 27.50
TWM daily volume for Friday was 12,685,789
Three-month average daily volume is 5,117,320
