Tag Archives: Nasdaq-100

The NASDAQ-100 is Still Overbought

Although biotechnology and social media stocks corrected yesterday, with proxy ETFs like IBB and SOCL losing -2.61% and -2.26%, respectively, the NASDAQ-100 index is still in overbought territory and may need to form a solid base before it rallies again. … Continue reading

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US Market Indices Testing Key Support Levels

I warned about some key divergences last week in S&P 500 and Russell 2000 indices. Those divergences were advanced warnings of more volatility. Yesterday, major market indices found support at key levels. The short-term uptrend of the market is still … Continue reading

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The Risk of a Market Correction has Increased Substantially

The recent rally in NASDAQ-100 and QQQ has some technical similarities with the one during the early part of 2010 that ended with a violent correction. Periods of persisting oversold conditions such as the present one (a 12-week NASDAQ-100 winning  streak) can be very problematic … Continue reading

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NASDAQ-100 and QQQ on a Remarkable Winning Streak

NASDAQ-100 and QQQ have posted gains for 12 weeks in a row, or on a weekly basis at the end of each week since the beginning of this year. If the close of the next week is also positive, they will be up on a … Continue reading

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NASDAQ -100 and QQQ Up 11 Weeks in a Row. The Good News and the Bad News

The good news is that NASDAQ-100 and QQQ are up 11 weeks in a row. The bad news is that they are up 11 weeks in a row.  Share

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QQQ and Nasdaq 100 Up Nine Weeks in a Row. Is this a Bubble?

QQQ has posted a gain at the end of each week since the beginning of this year, for a combined gain of 16.2%. This has occurred only once in the past on December 17, 1999. Is this a bubble-like performance and is it sustainable? Share

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QQQ and NASDAQ-100 Index at Very Crucial Resistance levels

The outcome of this may determine the short-term direction of the market. NASDAQ-100 and its popular ETF, QQQ, are now at very crucial resistance levels that must be penetrated to the upside before a challenge of the high of July of last … Continue reading

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