QQQ Traders take notice

Discussion in 'Trading' started by gwb-trading, Dec 13, 2002.

  1. gwb-trading


    Nasdaq Removes 12 Tech Cos. From Index
    Friday December 13, 7:17 pm ET
    By Amy Baldwin, AP Business Writer
    Nasdaq Removes 15 Companies From Index, 12 of Them From Technology Sector

    NEW YORK (AP) -- It's a sign of bearish times: As the Nasdaq Stock Market did its annual reshuffling of the Nasdaq-100 Index Friday, technology issues got the boot in favor of safer consumer and industrial companies. (more at url)


    These changes may cause QQQ to trade more closely with SPY
    as tech firms are kicked out and consumer & industrial companies
    are placed in the index. It would be interesting to do a before &
    after correlation study against different indexes to determine if the
    behavior of QQQ changes greatly.

    - Greg
  2. qdz


    What does this mean to QQQ? How does the fund swap assets?

  3. VictorS


    Thanks for the post.
  4. cheeks



  5. gotta love how everything is always changing
  6. bobcathy1

    bobcathy1 Guest

    Thank you for the heads up on this.