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| It was a mixed week for the major markets. For the week, the Dow Jones Industrial Average climbed 61.60 points, or 0.46%. The Standard Poor's 500 Index gained 0.23 points, or 0.02%, while the Nasdaq Composite gave back 9.93 points, or 0.39%. |
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| Oscillators | Trend Analysis | | Symbol | Daily | Weekly | Daily | Weekly | Mtly | Qtly | Yrly | | QQQQ |  |  |  |  |  |  |  | |
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QQQQ Long-term perspective:
The QQQQ monthly uptrend that started in June 2006 is not over yet. The fifth wave is still in progress and near completion. The QQQQ is near the long-term channel resistance. The uptrend should be close to the top as the price is near the resistance line, weekly William's Percentage Range (W%R) and Lane's Stochastic are in the overbought area. |
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| QQQQ - Trend |  |
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QQQQ Short-term perspective:
DIA has the uptrend exhaustion alert. QQQQ daily Lane's Stochastic and MACD have bearish divergence. The QQQQ weekly up trend has support at 45.81 and resistance at 47.14. |
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| QQQQ - Trend |  |
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| Presented by www.thegreedytrader.com Research Group. |
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