Nasdaq retail rush powers intraday momentum trade

Options and ETFs give tech index new momentum, while S&P 500 sees higher levels of mean reversion

Nasdaq retail rush powers intraday momentum trade
Hans Berggren

A surge of retail activity in options and exchange-traded funds linked to technology stocks is causing the Nasdaq and S&P 500 indexes to behave differently at the close, prompting investors that seek to capture intraday trading patterns to adjust their strategies. 

The now-predictable end-of-day rush from dealers and ETF managers looking to hedge retail flows has powered the returns of intraday momentum strategies on the Nasdaq. The same strategy, also called a congestion trade, has fared less

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here