Wednesday, April 15, 2009
qqqq powershare holdings price analysis (NASDAQ:QQQQ) Today April 15, 2010
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qqqq powershare holdings price analysis (NASDAQ:QQQQ) Today April 15, 2010:
The latest readings from the models tell us to expect price to stop moving up (and possibly retreat) somewhere between current price and 50.54 for the QQQQ EFT. The current QQQQ price is 50.17. This constitutes a less than 1% price band on the QQQQs. The middle of this band is around 50.34. The latter is a price at which the models say to expect appearance of first strong sellers if price were to get there. If models are to be right, the upside potential is getting very narrow at the current price and at this point in time.
A similar analysis would be done for SPY and DOW EFTs later. Usually the QQQQ, SPY and DIA EFTs behave similarly.
Today is April 16, 2010:
At around 10:45AM, the models tell us to short the up bounces, and that the direction of the market is now down.
3:46PM: QQQQ trading at 49.65. A potentially good point to short. Sellers at 49.80 would limit any surprise rise for rest of today at least.
10 minutes later, QQQQ is trading at 49.50. A gain for the shorts of $0.15, with no draw down on a short entry at 3:46PM.
The latest readings from the models tell us to expect price to stop moving up (and possibly retreat) somewhere between current price and 50.54 for the QQQQ EFT. The current QQQQ price is 50.17. This constitutes a less than 1% price band on the QQQQs. The middle of this band is around 50.34. The latter is a price at which the models say to expect appearance of first strong sellers if price were to get there. If models are to be right, the upside potential is getting very narrow at the current price and at this point in time.
A similar analysis would be done for SPY and DOW EFTs later. Usually the QQQQ, SPY and DIA EFTs behave similarly.
Today is April 16, 2010:
At around 10:45AM, the models tell us to short the up bounces, and that the direction of the market is now down.
3:46PM: QQQQ trading at 49.65. A potentially good point to short. Sellers at 49.80 would limit any surprise rise for rest of today at least.
10 minutes later, QQQQ is trading at 49.50. A gain for the shorts of $0.15, with no draw down on a short entry at 3:46PM.
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