QQQQ Trend Analysis - 11/23/2007

It was a negative week for the QQQQ. The QQQQ lost almost 0.88% for the short trading week.

Oscillators Trend Analysis Symbol Daily Weekly Daily Weekly Mtly Qtly Yrly QQQQ

QQQQ Long-term perspective: The QQQQ has turned down from the long term rising channel resistance. Weekly technical indicators are neutral. Long-term up trend looks complete or near completion and long-term trend reversal is in progress.

QQQQ - Long-Term Trend

QQQQ Short-term perspective: Daily William's Percentage Range is oversold. The price is near the short-term rising channel support (48-49). The DIA and SPY both have the uptrend support alert. If support holds, we may see a rebound for all three major indices next week.

QQQQ - Medium-Term Trend

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Market Overview - 11/23/2007

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped 195.91 points, or 1.49%. The Standard Poor's 500 Index lost 18.04 points, or 1.24%, while the Nasdaq Composite failed 40.64 points, or 1.54%. The Energy was the strongest sector last week followed by the Utilities. They were the only two sectors posted weekly gains. Financial sector was the weakest sector losing more then 4% for the week and followed by Technology sector. Utilities is still remaining the most overvalued sector followed by Basic Materials while Specialized Health Svcs, Tobacco Products Other, and Drug Delivery are the most overvalued industries. Conglomerates and Financial are the most oversold sectors while Home Improvement Stores, Industrial Equip Wholesale, and Regional-Pacific Banks are among the most oversold industries. Both Dow Jones Industrial Average and The Standard Poor's 500 indices have an uptrend support alert and a strongly oversold daily William’s Percentage Range (W%R) indicator.

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QQQQ Trend Analysis - 11/16/2007

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 134.05 points, or 1.03%. The Standard Poor's 500 Index climbed 5.04 points, or 0.35%, while the Nasdaq Composite climbed 9.30 points, or 0.35%. After the three consecutive strong weeks Utilities finally lost the strength and posted losses this week while it is still remaining the most overvalued sector. The Consumer Staples was the strongest sector last week followed by the Health Care. Technology sector was on the third place after the biggest losses posted a week ago. Basic Materials was the worth performing sector of the week. The Financial sector is still the most oversold sector and the Regional-Pacific Banks is the most oversold industry. The Specialized Health Services, Beverages-Soft Drinks, and Cleaning Products are the most overvalued industries. Despite the biggest daily gain of 4.12% since July 2003 on Tuesday, QQQQ was not able to keep up and finished the week only with 0.56% gain (after the sharp drop of 8.12% a week ago).

Oscillators Trend Analysis Symbol Daily Weekly Daily Weekly Mtly Qtly Yrly QQQQ

QQQQ Long-term perspective: The QQQQ has turned down from the long term rising channel resistance. Weekly technical indicators are neutral. Long-term up trend looks complete or near completion and long-term trend reversal is in progress.

QQQQ - Long-Term Trend

QQQQ Short-term perspective: Daily technical indicators are neutral. The short-term rising channel support is around 48-49. The support line is not strong without oversold technical indicators.

QQQQ - Medium-Term Trend

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QQQQ Trend Analysis - 11/09/2007

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped 552.36 points, or 4.06%. The Standard Poor's 500 Index dropped 55.95 points, or 3.71%, while the Nasdaq Composite dropped 182.44 points, or 6.49%. Technology was the worth performing sector this week followed by Financial sector. Utilities sector remains the strongest for the three consecutive weeks and the only sector that enjoyed gains this week. Utilities is the most overvalued sector as well while Financial is the most oversold sector. Industrial Metals/Mineral, Gold, Independent Oil Gas are among the most overvalued industries while Regional-Pacific Banks, Regional-Southeast Banks are the most oversold. It was a down week for the QQQQ. On Friday it lost 3.44%, posting the biggest daily percentage losses since December 2001. For the week QQQQ dropped 8.12% - the biggest weekly percentage drop since April 2002.

Oscillators Trend Analysis Symbol Daily Weekly Daily Weekly Mtly Qtly Yrly QQQQ

QQQQ Long-term perspective: The QQQQ has turned down from the long term rising channel resistance. Weekly Lane's Stochastic is still overbought and has bearish divergence. Long-term up trend looks complete or near completion and long-term trend reversal is in progress.

QQQQ - Long-Term Trend

QQQQ Short-term perspective: Daily William's Percentage Range (W%R) is already in oversold area. The William's Percentage Range is usually considered as an earliest signal among other technical indicators to indicate an impending reversal. The short-term rising channel support is around 48.

QQQQ - Medium-Term Trend

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QQQQ Trend Analysis - 11/02/2007

It was a mixed week for the major markets. For the week the Dow Jones Industrial Average dropped 211.60 points, or 1.53%. The Standard Poor's 500 Index dropped 25.63 points, or 1.67%, while the Nasdaq Composite climbed 6.19 points, or 0.22%.

Oscillators Trend Analysis Symbol Daily Weekly Daily Weekly Mtly Qtly Yrly QQQQ

QQQQ Long-term perspective: The QQQQ has broken the long-term rising channel resistance. Weekly William's Percentage Range (W%R) and weekly Lane's Stochastic are strongly overbought. Weekly Lane's Stochastic has bearish divergence.

QQQQ - Long-Term Trend

QQQQ Short-term perspective: Daily Lane's Stochastic is overbought. Daily Relative Strength Index (RSI), MACD and Lane's Stochastic have bearish divergence. Bearish divergence indicates that the uptrend is slowing down and usually associated with consolidation period or the trend reversal. Quarterly wave is forming a five waves channeling structure that looks complete or near completion. Price is near the channel resistance.

QQQQ - Medium-Term Trend

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