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