| QQQ latest price $31.8600 (11.05%) ($28.8500 - $31.8800) on Tue. Oct. 28, 2008. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.41% (three month average) |
RSI | 50 |
Latest Price | $31.8600(11.05%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | QQQ advances 0.2% a day on average for past five trading days. |
Weekly Trend | QQQ declines -4.1% 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(86%) IWM(82%) EEM(75%) |
Factors Impacting QQQ price | QQQ will decline at least -1.705% in a week (0% probabilities). TLT(-28%) SHY(-14%) TIP(-7%) GLD(8%) LQD(16%) |
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 | -1.705% (StdDev 3.41%) |
Hourly BBV | 0 () |
Intraday Trend | 7.3% |
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