| QQQ latest price $48.6300 (-0.29%) ($48.4000 - $49.0300) on Mon. May. 5, 2008. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.64% (three month average) |
RSI | 81 |
Latest Price | $48.6300(-0.29%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | QQQ advances 0.6% a day on average for past five trading days. |
Weekly Trend | QQQ advances 2.7% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support QQQ advance at 0% a week (0% probability) SPY(92%) XLK(92%) XLY(85%) IWM(82%) EEM(76%) |
Factors Impacting QQQ price | QQQ will decline at least -0.82% in a week (0% probabilities). TLT(-29%) SHY(-19%) TIP(-9%) GLD(2%) LQD(20%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.82% (StdDev 1.64%) |
Hourly BBV | 0 () |
Intraday Trend | -0.2% |
| |
|
|