QQQ

$QQQ Were close to being down 10% from the top. Almost correction territory

 

$QQQ Look for a rally up to resistance over next few days. Then short it as it heads lower, much lower!

 

$QQQ closed down 3.85 percent on Monday, August 24, 2015, on 4.49 times normal volume. The bears made the stock sink to a new 52-week low. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

 

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Never was quite sure why much of the QQQ[QQQQ} volume shifted to SPY; but it did, maybe because of SPY dividends. Another thing,QQQ swings-jumps from $120 area to less than $20 seems to spook some long term investors-LOL. Great liquid ETF, easy to get in , get out.......................................................................................................................

 

$QQQ closed down 0.38 percent on Tuesday, August 25, 2015, on 2.17 times normal volume.

 

QQQ closed up 5.04 percent on Wednesday, August 26, 2015, on 2.96 times normal volume.

 

$QQQ closed up 2.53 percent on Thursday, August 27, 2015, on 1.93 times normal volume.

 

$QQQ if it clears 106 its going right back to congestion zone which is right around 110

 

$QQQ closed down 0.02 percent on Friday, August 28, 2015, on 1.38 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.

 

$QQQ closed down 3.13 percent on Tuesday, September 1, 2015, on 1.93 times normal volume.