Tag Archives: Nasdaq-100

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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QQQ Closed Above its 200 SMA but SPY Lags Behind. The AAPL Effect.

The Nasdaq-100 Index ETF (QQQ) closed above its 200-day simple moving average (SMA) yesterday. Nobody is celebrating because this is the second time this ETF breaks above its SMA(200) since it dropped below it on August 4, 2011. Share

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