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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