johnnywa wrote:Could anyone explain why the QQQs are negative today
QQQ are slightly positive now. They all track together: SPY, QQQ, DIA, IWM. In a time when investors feel the need for stability or safety, perhaps Nasdaq is not their first choice. Just a quick response, shooting from the hip.
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Charts posted are not recommendations. They are just a sharing of information.
I don't think anyone expected this market reaction to a Trump victory. Maybe we can break out of this range, but the market does have Yellen to contend with in a few weeks. I would also expect Trump to replace her. Interesting times.
johnnywa wrote:Could anyone explain why the QQQs are negative today
QQQ are slightly positive now. They all track together: SPY, QQQ, DIA, IWM. In a time when investors feel the need for stability or safety, perhaps Nasdaq is not their first choice. Just a quick response, shooting from the hip.
Chart for the road: just like any time frame, first thing first, so I am expecting a pull back from this level, until we can clear to new high to say that bears are totally dead. Peace!
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