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| It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 143.68 points, or 1.10%. The Standard Poor's 500 Index climbed 11.55 points, or 0.77%, while the Nasdaq Composite was up 14.94 points, or 0.58%. |
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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 Lane's Stochastic is overbought and William's Percentage Range is in strong overbought area. |
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| QQQQ - Trend |  |
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QQQQ Short-term perspective:
QQQQ daily William's Percentage Range is in strong overbought area. Lane's Stochastic and MACD have bearish divergence. Standard Poor's 500 Index has uptrend exhaustion alert. QQQQ uptrend should be exhausted and a reversal is due soon. |
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| QQQQ - Trend |  |
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