QQQ Components Surge Above 10-Day MA to 65%, Rally 8% Since March Low
65% of QQQ components are trading above their 10-day moving averages, up from 12% in mid-March, marking the fastest 40-point surge in five sessions since last November. Nasdaq 100 has rallied 8% from its March 30 low and historically advances 80% of the following twelve months after such reversals.
1. Breadth Improvement in QQQ
In the past five trading sessions, the proportion of QQQ’s holdings above their 10-day moving averages rose from 12% to 65%, representing the sharpest 40-point climb since last November. This broad-based jump indicates increased buying interest across a wide array of semiconductor, software and internet names within the Nasdaq 100.
2. Nasdaq 100 Historical Momentum
The Nasdaq 100 has posted an 8% rally from its March 30 low, coinciding with the S&P 500’s longest winning streak since October 2025. Data shows that after reversals of this magnitude, the index has historically climbed over the next 12 months 80% of the time, providing a statistically bullish backdrop.
3. Rise in Insider Buying
Corporate insiders stepped up purchases in March, with 26.4% of US public companies reporting net insider buying—the highest level in five months and above the 10-year average of 23.5%. Energy sector insiders were less active, with net purchases falling to 17.5%, reflecting expectations for moderating oil prices.