Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

QQQ Holding New Support

Summary

QQQ is holding its all time high support.

The NASDAQ-100 is holding above its new found support. Price action will likely consolidate here for a little while. However, I'm not in the business of predicting the stock market, so we will wait until the SMTimer algorithm issues a signal change.

So far this signal has been a decent run. We have a 7% return in just 11 trading days. This is just shy of what the average investor and mutual fund would return over an entire year (average annual return of the S&P 500 is approximately 10%). As mentioned, we now have the capability to send Signal Change Alert's via text message as a supplement to the email notification system. I have added a link in the menu of the website with instructions on how to set this up for those of you who are interested. ‚Äč

Disclosure: I am/we are long QLD, TQQQ.