Bear trap my azzzzz! The lack of volume, as already pointed out, is due to the holiday routine many were on. In fact, the low volume today is the ONLY thing that didn't push us up over 23! The markets kicked some butt today. Earnings season is upon us. With companies carefully hording cash, and the Europe thing making progress, look for the S&P to climb back above 1300 and more specifically, INTC to retest the 52-week high of 23.96. It WILL HAPPEN, oh yes! Watch and learn.
Another good thing for the low volume is that Intel did not have to put any buyback pressure to push the stock up. Leaving more money for Intel to do it for the rest of this week allowing INTC stock to outperform the market for the week as it did last week.