| QQQ latest price $47.7500 (0.91%) ($47.1400 - $48.2800) on Mon. Aug. 11, 2008. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.53% (three month average) |
RSI | 65 |
Latest Price | $47.7500(0.91%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | QQQ advances 1.4% a day on average for past five trading days. |
Weekly Trend | QQQ advances 2.2% 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) XLK(93%) SPY(92%) XLY(85%) IWM(82%) EEM(76%) |
Factors Impacting QQQ price | QQQ will decline at least -0.765% in a week (0% probabilities). TLT(-29%) SHY(-18%) TIP(-8%) GLD(3%) LQD(20%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -0.765% (StdDev 1.53%) |
Hourly BBV | 0 () |
Intraday Trend | 1% |
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