Seeking Alpha

InTheMoneyStocks'  Instablog

InTheMoneyStocks
Send Message
InTheMoneyStocks.com is a proprietary research, consulting and investment alerts company focused on guiding investors, swing traders and day traders to financial success. Their PPT Methodology is a proprietary blend of price, pattern and time discoveries that has helped produce 216.37% net... More
My company:
InTheMoneyStocks.com
My blog:
Rant & Rave - Pro Traders Blog
  • WTF: NASDAQ 100 Major Pivot Point Approaching 0 comments
    May 8, 2013 12:20 PM

    As the markets continue to advance higher on extremely light volume, a common theme emerges. Media, analysts, market gurus all agree, the market is going higher on the Federal Reserve and their monetary policy. By printing money, the Federal Reserve has artificially held yields at record lows. The average investor and hedge fund cannot make money in savings accounts, CD's or even bonds. The only plays that get you any sort of return is the stock market. With the belief that the Federal Reserve will not let the markets go lower, everyone is rushing into stocks trying to make a decent return. This is how bubbles are formed. But who really cares? Ride the bubble then short it when it explodes. Sound easy? It is if you know what to look for...

    The NASDAQ 100, PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) has surged dramatically in recent weeks. This is on the back of a major up moves in Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOG). As this index spikes there is a very important level approaching. Connect the pivot highs from 2012. That gives us an approximate level of $73.50. The current price is $72.70. That is the target and spot for a pull back. Note the chart below and enjoy.

    Gareth Soloway
    InTheMoneyStocks.com

    (click to enlarge)

Back To InTheMoneyStocks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.