Tag Archives: QQQ

Ominous Correlation

The 60-day correlation between SPY and QQQ ETFs has plunged near pre-dotcom crash and below pre-2007 top levels. Caveat lector included.

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Negative Gravity

Nearly a decade of explosive technological growth in the 1990s was followed by a collapse of 75% of the key index, the NASDAQ-100. Many investors lost everything but key aspects of the technology survived. The next five years of growth … Continue reading

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Low S&P 500/Nasdaq-100 Correlation Positive For the Market

The 60-day correlation between S&P 500 and Nasdaq-100 has dropped to levels reached along the 2000s uptrend. Although correlation can be dubious measure, current low levels may indicate that there is potential in the market for further gains.

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Nasdaq-100 Recovery And The Wrong People Are Celebrating

The stocks of Intel and Cisco Systems are still 27% and 54% below their all-time high, respectively, on a dividend adjusted basis. The sluggish recovery in the tech sector for about 14 years after the bubble burst of 2000 is … Continue reading

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Performance and Descriptive Statistics of Selected Stock Indexes and ETFs

Below are charts showing year-to-date performance and descriptive statistics (correlation, annualized standard deviation) for selected stock indexes and ETFs.

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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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