-
The Qs
I don't know as much about the Nasdaq as I do about the S&P and the Russell 2000, because in the past I've only paid attention to markets that I can trade in my government IRA-type account. But I have a lot of respect for Brian Shannon's trading style (http://www.alphatrends.blogspot.com/) and the Qs are his favorite trade, so I figured I'd better learn more.
Today I'm trying to do some research to find out why the Nasdaq is performing so much stronger lately than the other markets. Here is one of the things I found out:
"...After a failed surge last week, the major-index ETFs firmed at trendline support and bounced this week. SPY and IWM produced relatively feeble bounces, while QQQQ surged back above last week's high. QQQQ benefits from a complete absence of banking stocks. In addition, many tech companies have little debt and are still profitable. Companies with little or no debt are much better prepared to ride out a crisis. With the four day surge, QQQQ is on the cusp of a breakout at 31 that would reinforce the medium-term uptrend...."
http://www.traders-talk.com/mb2/inde...owtopic=101215
Sounds like I'd better try to learn more about the Qs and quickly! ![Smile](images/smilies/smile.png)
Lady
|
-
Re: The Qs
Makes sense. Fewer financials to drag it down.
|
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules