QQQ

Uncategorized, Weekly Update

Broad Stock Indexes Are Not yet Strong Enough to Push Higher

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Published March 16, 2018

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Last week we highlighted some of the sectors that were showing unusual strength in the market. We have pointed out how our favored Nasdaq 100 index (QQQ) has been leading the market. This week we will look at some of the other broad market indexes to give you a sense that this is still a market, broadly, that is digesting its low-volatility 2017 gains. (more…)

Weekly Update

A Technical Reflection on the QQQ

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Published June 16, 2017

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This week, for the first time this year, the Nasdaq 100 (symbol: QQQ) said “hello!” to its 50-day moving average. The 50-day moving average is a very common reference point for investors and machines programmed to trade. In Chart 1 below, the 50-day moving average is the blue upward sloping line. (more…)