Blog Archives

QQQ is Showing a Bullish Spring Based on Volume and Price

I do not know why I did not notice this before.  Perhaps it is because I have not been following the markets as closely as usual.  I have been a bit pre occupied with other business lately and have not gone into as much depth on various market indices as I normally do. 

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Posted in NDX 100, Tech Stocks
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PowerShares QQQ Trust to Bounce Higher Tomorrow

The PowerShares QQQ Trust, Series 1 ETF took a major hit today on above average volume.  The QQQ has managed to get into a deeply oversold level and is sitting at some important supportive ranges that should create some sort of bounce tomorrow and maybe the day after as well.

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Posted in NDX 100
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Nasdaq 100 Index Likely to Start a Correction 2223 to 2239

The Nasdaq 100 Index appears to be on a mission towards the 2223 to 2239 level which is a key level of resistance and is likely to cause some type of downside reaction.

We could get there as early as mid November 2010 or perhaps a bit later. 

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Posted in NDX 100
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Switching to BOT Short Signal Some possible Cracks in the Foundation

I am switching to a BOT Short Signal right now at 12:06 PM Eastern time at 1173.20 on the sp500.  I am seeing some possible cracks in the foundation of the current uptrend and I think it is prudent to be cautious at this juncture.

The NDX is hover right at its 2010 April highs and I just do not think it is going to jump higher again and just keep zooming. 

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Posted in BOT Short Signal, Index Trading, NDX 100, SP500, Technical Analysis
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PowerShares QQQ Trust Series 1 Volume Indicating Above April 2010

The PowerShares QQQ Trust, Series 1 did something important today.  They hit a price high of 50.75 which resulted in a test of the April 26, 2010 price swing high.  We also closed under the April 26 high today but the key is the volume comparison.

The volume today was in the 70 million range. 

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Posted in ETFS, NDX 100
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NDX 100 Near Completion of Large Head and Shoulders Bottom

The NDX 100 appears to be coming close to completion of the large head and shoulders bottom formation identified in previous months here at BestOnlineTrades.com.

The current September monthly candlestick on the NDX 100 looks very strong.  In fact it is the strongest monthly candlestick going back several years.

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Posted in Long Term Charts, Long Term Trading, Market Timing, NDX 100, Tech Stocks
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