QQQ Traders take notice

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

  1. 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)

    http://biz.yahoo.com/ap/021213/nasdaq_100_changes_2.html


    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

    qdz

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

    :p
     
  3. VictorS

    VictorS

    Thanks for the post.
     
  4. cheeks

    cheeks

    ARRRGGGGHHHHH.................



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

    bobcathy1 Guest

    Thank you for the heads up on this.