QQQQ, AAPL, GOOG all show a new uptrend from 52 weeks low

Discussion in 'Stocks' started by kitty1996, Dec 14, 2008.

  1. Does anyone notice that QQQQ daily chart shows a new uptrend from its 52 weeks low of $25?

    The down trend has ended as QQQQ broke higher to recent high of 30.83(Above 50 SMA=30.50). Price close on Friday above 10 & 20 SMA.

    AAPL also shows the the strongest chart. Its downtrend ended at 52 weeks low=$79.14. New uptrend is also starting. Now trading above 10, 20, 50 SMA-daily.

    GOOG too. New uptrend from 52 weeks low of 247.30. Now Its trading above both 10 & 20 SMA-daily. Its going to cross above 50 SMA=323.47 for sure in the near future.

    Judging from these Nasdaq leaders, I'd say Nasdaq will be heading higher near term. 50 SMA is the resistance. Though I am not surprise to see most Nasdaq leaders will eventually trade above 50SMA-daily.

    Next week with GS earning and FED meeting, buying on weakness is a wise move than shorting because we will move higher for the next coming weeks.

    Buying at pull back; My entry point=20 SMA daily chart; Target at/near 50 SMA as I don't want to stay in any positions for too long.

    I'd appreciate any sound intelligent comments. Thank you.
  2. I have trend-long signals generated on all of those during this past week. Which I ignored, as I'd already aggressively sold OTM puts back when VIX was threatening triple-digits.

    Time will tell which decision, if either, was correct.
  3. ^^ How do you get a LONG-trend signal for QQQQ, AAPL & GOOG long ago when they were trading below 20SMA?

    All of QQQQ, AAPL & GOOG charts just show a new uptrend starting from 52 weeks low as EMA(8) starting to cross above EMA(21) just last week.

    I had no ideas where you get the LONG signal long ago.
  4. Apologies - GOOG didn't hit - I was going from memory and just rechecked.

    It's not a "trend" signal, it's a "go long, potential trend starting" signal. Moving averages have no impact for me, because I do not use a definition of trend that uses moving averages (I don't MAs for anything, frankly). Since trend is a completely arbitrary mathematical construct, you are of course free to use your own arbitrary definition that does use MAs.

    Hope that helps!
  5. ====================

    Well since sideways trends can profit some sellers, i see that;
    but he may have meant long/not short.

    MSFT is not above 50 day moving average[medium/important trend] ; but INTC,GOOG,AAPL are cleanly/clearly above 50 dma.

    QQQQ ,SPY, some RE sectors look like [with discretion];
    look like, [repeat with discretion] look like they may cross 50 dma.

    But even if its the start of a new bull market, which is possible;
    actually its a bear rally which to me is much,
    much ,
    different from an uptrend.

    Actually with a brilliant banker/US treasury like Fed head Timothy G, thats bullish; but its still a bear rally[overdue, as noted ],
    until it spends much time above 200 dma.

  6. AMAT*60 10.49 9.95 Buy
    AMLN*60 11.38 10.05 Buy
    BBBY*60 24.65 24.10 Buy
    BRCM*60 18.03 16.35 Buy
    CA*60 17.68 16.50 Buy
    FMCN*60 8.44 8.04 Buy
    FWLT*60 26.00 23.78 Buy
    GENZ*60 65.39 64.14 Buy
    GRMN*60 19.65 18.69 Buy
    IACI*60 16.61 16.17 Buy
    INTC*60 14.89 13.81 Buy
    JAVA*60 4.15 3.80 Buy
    JOYG*60 22.39 21.57 Buy
    KLAC*60 21.51 19.49 Buy
    LEAP*60 28.96 27.02 Buy
    LINTA*60 2.45 2.36 Buy
    LLTC*60 23.08 21.22 Buy
    LOGI*60 13.59 13.13 Buy
    LRCX*60 23.51 20.16 Buy
    MCHP*60 20.67 19.22 Buy
    MICC*60 42.30 40.94 Buy
    MRVL*60 6.66 6.20 Buy
    NVDA*60 8.75 7.94 Buy
    STLD*60 11.60 10.58 Buy
    VMED*60 4.48 4.25 Buy
    VRTX*60 25.97 24.37 Buy
    XLNX*60 17.50 16.41 Buy
    XRAY*60 26.77 25.98 Buy
    YHOO*60 13.23 12.74 Buy

    ^VIX*60 58.16 54.04 Sell
    APOL*60 74.97 72.98 Sell
    BIDU*60 114.99 110.29 Sell
    CELG*60 49.86 47.34 Sell
    COST*60 54.39 51.69 Sell
    ERTS*60 17.39 16.64 Sell
    FLIR*60 25.35 24.35 Sell
    GILD*60 45.17 43.98 Sell
    LVLT*60 0.80 0.73 Sell