My $10000 Dollars

SPDR S&P 500 (SPY) We’ve all seen S&P 500 and the general market sell off in the past since March of 2009.  Each time though, the bulls shrugged it off and came back even stronger.  Time after time, the bears were caught and the bulls prevailed.  By Q4 2009, no longs believed the sell-offs will [...]

PowerShares QQQ Trust – Nasdaq (QQQQ) With big distribution week, Nasdaq QQQQ now broke through the rising wedge.  It even broke through the resistance around $41 and the volume was pretty good.  This is now looking like an opportunity for me.  For those of you patiently waiting for the right timing, this may be your [...]

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 [...]

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 [...]

PowerShares QQQ Trust – Nasdaq (QQQQ) Nasdaq QQQQ bounced back up from the trendline aiming to test the previous high.   Now that many investors are coming back from a low trading month, you should expect to see more volatility.  It will be interesting to see if it manages to reach the previous high of $41 [...]

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) After going into consolidation, then a slight pull back, Nasdaq (QQQQ) resumed its upward motion.  As expected, it did pull back temporarily, but the bulls came back swiftly and took control this week.  It is now back at the critical support level.  Next week will be a great indicator on whether this rally [...]

Nasdaq (QQQQ) Nasdaq (QQQQ) is definitely starting to consolidate after forming a shooting star pattern last week.  Given it’s a bit over-extended right now, I’d expect some pull back here if it’s going to continue upward.  Overall, the trend is clearly bullish, so if you’re looking to go long here, you may want to wait [...]