Sunday, April 22, 2007

QQQQ Trend Analysis - 4/20/2007

It was an up week for the major markets. For the week, the Dow Jones Industrial Average was up 349.85 points, or 2.77%. The Standard Poor's 500 Index gained 31.50 points, or 2.17%, while the Nasdaq Composite climbed 34.45 points, or 1.38%.
OscillatorsTrend Analysis
SymbolDailyWeeklyDailyWeeklyMtlyQtlyYrly
QQQQRelative Strength Index (RSI):		78.08
William"s Percentage Range (W%R):	5.8
Lane"s Stochastic (%D-Slow):		89.92
%D-Slow - Bearish Divergence
MACD - Bearish DivergenceRelative Strength Index (RSI):		53.12
William"s Percentage Range (W%R):	4.2
Lane"s Stochastic (%D-Slow):		62.76Pattern:	Uptrend
Low:  		43.10 - 03/29/07
High: 		45.67 - 04/20/07
Current Price:	45.4Pattern:	Rising Channel
Status:		Valid
Low:  		42.06 - 03/05/07
High: 		45.67 - 04/20/07
Support:	44.25 (± 0.12)
Resistance:	45.54 (± 0.12)
Current Price:	45.4Pattern:	Uptrend
Low:  		42.06 - 03/05/07
High: 		45.67 - 04/20/07
Current Price:	45.4Pattern:	Rising Wedge
Status:		Valid
Low:  		34.35 - 04/29/05
High: 		45.67 - 04/20/07
Support:	43.05 (± 0.27)
Resistance:	46.06 (± 0.27)
Current Price:	45.4Pattern:	Rising Wedge
Status:		Valid
Low:  		32.35 - 08/13/04
High: 		45.67 - 04/20/07
Support:	39.89 (± 0.54)
Resistance:	45.85 (± 0.54)
Current Price:	45.4
QQQQ Long-term perspective:
The QQQQ monthly uptrend that started in June 2006 could be not over yet. Fifth wave might be still in process. The QQQQ is retesting the long-term channel resistance. The uptrend should be close to the top as the price is near the resistance line, and weekly William's Percentage Range is in strong overbought area.
QQQQ - Trend
Technical Stock Market Timing System
QQQQ Short-term perspective:
Daily William's Percentage Range is in strongly overbought area and Lane's Stochastic is overbought. Technical indicators suggest a weaker market for the next week.
QQQQ - Trend
Technical Stock Market Timing System
Presented by www.thegreedytrader.com Research Group.

Sunday, April 15, 2007

QQQQ Trend Analysis - 4/13/2007

It was an up week for the major markets. For the week, the Dow Jones Industrial Average gained 51.93 points, or 0.41%. The Standard Poor's 500 Index climbed 9.09 points, or 0.63%, while the Nasdaq Composite was up 20.60 points, or 0.83%.
OscillatorsTrend Analysis
SymbolDailyWeeklyDailyWeeklyMtlyQtlyYrlyAlerts
QQQQRelative Strength Index (RSI):		57.96
William"s Percentage Range (W%R):	7.9
Lane"s Stochastic (%D-Slow):		85.10Relative Strength Index (RSI):		49.31
William"s Percentage Range (W%R):	27.8
Lane"s Stochastic (%D-Slow):		49.89Pattern:	DownTrend
High: 		44.75 - 04/09/07
Low:  		43.95 - 04/12/07
Current Price:	44.65Pattern:	Rising Channel
Status:		Valid
Low:  		42.06 - 03/05/07
High: 		44.75 - 04/09/07
Support:	43.64 (± 0.12)
Resistance:	45.02 (± 0.12)
Current Price:	44.65Pattern:	DownTrend
High: 		45.55 - 02/22/07
Low:  		42.06 - 03/05/07
Current Price:	44.65Pattern:	Rising Wedge
Status:		Valid
Low:  		34.35 - 04/29/05
High: 		45.55 - 02/22/07
Support:	43.20 (± 0.27)
Resistance:	46.15 (± 0.27)
Current Price:	44.65Pattern:	Rising Wedge
Status:		Valid
Low:  		32.35 - 08/13/04
High: 		45.55 - 02/22/07
Support:	39.84 (± 0.55)
Resistance:	45.90 (± 0.55)
Current Price:	44.65Downtrend Resistance
QQQQ Long-term perspective:
Our long-term perspective has not changed. Waves structure and technical indicators suggested that a new long term down trend has started on Feb. 27. The QQQQ made lower low 42.06 on March 5th. The price is moving down toward the yearly channel support line that is currently around 39.84.
QQQQ - Trend
Technical Stock Market Timing System
QQQQ Short-term perspective:
QQQQ has a weekly Downtrend Resistance alert, daily William's Percentage Range is in strongly overbought area and Lane's Stochastic is overbought also. The former uptrend support line became the current trend resistance. Considering the overbought technical indicators, QQQQ should not break the resistance. The chances of resuming the monthly downtrend are high.
QQQQ - Trend
Technical Stock Market Timing System
Presented by www.thegreedytrader.com Research Group.

Sunday, April 08, 2007

QQQQ Trend Analysis - 4/6/2007

It was an up week for the major markets. For the week, the Dow Jones Industrial Average gained 205.85 points, or 1.67%. The Standard Poor's 500 Index was up 22.90 points, or 1.61%, while the Nasdaq Composite gained 49.70 points, or 2.05%.
OscillatorsTrend Analysis
SymbolDailyWeeklyDailyWeeklyMtlyQtlyYrlyAlerts
QQQQRelative Strength Index (RSI):		71.79
William"s Percentage Range (W%R):	11.7
Lane"s Stochastic (%D-Slow):		68.44Relative Strength Index (RSI):		51.20
William"s Percentage Range (W%R):	36.1
Lane"s Stochastic (%D-Slow):		38.90Pattern:	Uptrend
Low:  		43.10 - 03/29/07
High: 		44.58 - 04/05/07
Current Price:	44.56Pattern:	Rising Channel
Status:		Valid
Low:  		42.06 - 03/05/07
High: 		44.58 - 04/05/07
Support:	43.34 (± 0.13)
Resistance:	44.73 (± 0.13)
Current Price:	44.56Pattern:	DownTrend
High: 		45.55 - 02/22/07
Low:  		42.06 - 03/05/07
Current Price:	44.56Pattern:	Rising Wedge
Status:		Valid
Low:  		34.35 - 04/29/05
High: 		45.55 - 02/22/07
Support:	43.11 (± 0.27)
Resistance:	46.09 (± 0.27)
Current Price:	44.56Pattern:	Rising Wedge
Status:		Valid
Low:  		32.35 - 08/13/04
High: 		45.55 - 02/22/07
Support:	39.78 (± 0.55)
Resistance:	45.86 (± 0.55)
Current Price:	44.56Downtrend Resistance
QQQQ Long-term perspective:
Our long-term perspective has not changed. Waves structure and technical indicators suggested that a new long term down trend has started on Feb. 27. The QQQQ made lower low 42.06 on March 5th. The price is moving down toward the yearly channel support line that is currently around 39.78.
QQQQ - Trend
Technical Stock Market Timing System
QQQQ Short-term perspective:
QQQQ has a weekly Downtrend Resistance alert and daily William's Percentage Range is in overbought area. The Chart is testing the latest weekly high. QQQQ may continue weekly up trend to retest yearly high at 45.55, but considering above technical indicators, the chances to resume monthly downtrend are slightly higher.
QQQQ - Trend
Technical Stock Market Timing System
Presented by www.thegreedytrader.com Research Group.