Review of NASDAQ 100 ETF (QQQQ)
as of Thursday, July 22, 2010
Today's Price Action
Change 1.1300 (2.53%)
Strong Bids into the close.
PulseScan Swing Vix
Swing Vix: 27.91
The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of 1 period(s) ago. The Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range.
A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area.
*The last signal was a Over-Sold Buy 11 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The security price has set a new 14-period high while the Swing Vix has not. This is a bearish divergence. Since the PulseScan leads the market 3-5 days out we will wait to see if downside pressure develops.
*Since the last Swing Vix signal, NASDAQ 100 ETF's price has increased 2.53% , and has ranged from a high of 45.9800 to a low of 44.5600.
MARKET TREND - Currently the TREND is .
TREND STRENGTH -
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 42.4750
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 45.5410
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 44.9531
INTRADAY PRICE PROJECTIONS
WEEKLY PRICE PROJECTIONS
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 67.0000
Long term Trend Line resistance is currently at - 50.6500
Long term Trend Line support is currently at - 42.4750
On 7/22/2010, NASDAQ 100 ETF closed
below the upper band by 18.4%.
IN PLAY - (PANDORA'S LITTLE BLACK BOX)
BULL MARKET LONG/SHORT Signals :
THIS SECURITY IS NOT IN PLAY AT THIS TIME!
BEAR MARKET LONG/SHORT Signals :
Possible 1st PulseWave Consolidation Break-Down
SHORT ENTRY- 44.4301
Profit Target 43.4433
Stop Loss 46.0170
RALLY ALERT - Our Price Action Money Flow indicators are pointing UP possible rally beyond intraday resistance possible (TREND REVERSAL) -
LONG ENTRY - 46.0170
Profit Target 67.0000
Stop Loss 45.2030
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