With the Nasdaq-100 (QQQ) up 6.15%, to 39.29, lets take a look at what's moving it higher.
Nasdaq-100 Leaders and Laggards
Software stocks top the list, with VeriSign (VRSN) and BEA Systems (BEAS) leading the way. Networking is finally starting to work, as Juniper Networks (JNPR) and Ciena (CIEN) make the list. VoiceSteam (VSTR) had been the best performing stock, but has faded off its highs slightly. If some of these strong stocks start to fade, so might this rally. On the other side of the coin, Biotech bellwethers Amgen (AMGN) and Biogen (BGEN) are holding back the Nasdaq-100. PacifiCare Health Systems (PHSY) is the only Nasdaq-100 stock down over $1. Only 7 stocks are negative right now, but if I start to see more red pop up on my screen, I would expect the rally to fade a little.