Tag Archives: QQQ

Bears May Get Fooled Once Again and Get Crashed

Posted on October 14, 2012 by Michael Harris

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

Posted on September 2, 2012 by Michael Harris

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

Posted on June 28, 2012 by Michael Harris

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

Posted on June 27, 2012 by Michael Harris

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

Posted on May 10, 2012 by Michael Harris

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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Price Action Lab Alert for May 8, 2012

Posted on May 8, 2012 by Michael Harris

This alert is about long and short signals in Dow-30 stocks and popular ETFs.

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Short-Term Market Correction May Resume

Posted on May 2, 2012 by Michael Harris

The first sign for that was the price action during the day, yesterday. The market opened higher and prices continued to rise until about noon time when they reversed course and started moving on a downtrend. There are corroborating signs like … Continue reading →

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An Island-bottom Reversal in NASDAQ-100 and QQQ

Posted on April 27, 2012 by Michael Harris

Given the proliferation of software tools that identify classical chart patterns, I suspect that many have already spotted the island-bottom reversal in NASDAQ-100 index and QQQ. However, experienced technical traders know that this pattern alone does not guarantee easy money.

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Price Action Lab Alert for Tuesday, April 24, 2012

Posted on April 24, 2012 by Michael Harris

Due to an interest in Price Action Lab signals that enter a position at the open and exit at the close of the same bar expressed by readers of this blog, I will post another example today. Yesterday’s alert involved long signals for … Continue reading →

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Price Action Lab Alert for Tuesday, April 17, 2012

Posted on April 17, 2012 by Michael Harris

This alert is about signals in QQQ and how a new indicator can be devised based on their number and direction.

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