My $10000 Dollars

PowerShares QQQ Trust – Nasdaq (QQQQ)
Nasdaq continues to trade within the rising wedge pattern.  Since breaking out from the resistance, it’s going strong.  If you’re thinking of going long, keep your stops tight as it’s approaching the top of the rising wedge.  Nasdaq could break through and continue higher, but the risk of a [...]

Here are some of the stocks I have been watching for breakouts that are worth paying attention to.  Big week for General Electric (GE), Sohu, Inc (SOHU) who both broke out and rallied strong so far this week.   I am definitely paying attention to these two stocks this week.

PowerShares QQQ Trust – Nasdaq (QQQQ)
Nasdaq continues to trade within the rising wedge pattern.  Unlike the presumption made last week around how it may be forming a head-and-shoulders pattern, QQQQ broke the resistance and made a new high.  The bulls are very strong still, and it continues to bully around the bears.   Like I [...]

Nasdaq (QQQQ)
Last week ended up being a consolidation week for many indices.  Nasdaq stayed flat throughout the week except Friday which opened significantly higher.  However, even Friday’s initial strength faded during the day, closing the week pretty flat.   At this point, there is no reason to think that the bullish trend is ending, but [...]

Nasdaq (QQQQ)
NASDAQ felt hard resistance at the $37 range and could not break the previous highs.  Now it seems to be forming a double top pattern, which is a bearish indicator.  It has broken through the $35 resistance level and is trying to inch its way back up.  This week will be critical in [...]