Tag Archives: QQQ

Bears May Get Fooled Once Again and Get Crashed

The weekly charts of SPY and QQQ reveal  the mechanism via which since the low of 2009 bears have been crashed all the way to recent highs and trend-followers have been  unable to make good returns. The only winners here … Continue reading

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One More Subtle Technical Reason for AAPL Getting a Further Boost

There have been times in the recent past when AAPL was very tightly correlated to QQQ and as a result an investor could use the NASDAQ 100 ETF to benefit both from a rise in AAPL and from diversified risk. The correlation between the two reached … Continue reading

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A Rare Divergence

Signals generated by a Price Action Lab scan as of the close of Wednesday, June 27, 2012, indicate a divergence between SPY and QQQ. This type of divergence is rare and it may mean a few different things with the most … Continue reading

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Common Long Signals in DIA, SPY and QQQ

I call common patterns those that form in one or more securities that belong to a pre-defined group but are profitable in the history of all securities in the group. This special category of patterns may be identified using a unique feature … Continue reading

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A Market Rebound from These Levels is Quite Probable

I base the higher probability for a market rebound on notable divergences between important indicators and that price action is taking place near major support levels for both SPY and QQQ. In addition the market is oversold but this last condition does … Continue reading

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