jan 30 2007 qqqq

Pivotal day today - GOOG earnings out, FOMC minutes and guidance out; will be interesting. The FI is creeping back over "O". MACD is hovering close to "0". Ideally want FI below 0 when MACD trending up, well above 0 when MACD trending down. The market has been and may continue to be bouncy and choppy, with no strong trend developing (yet).

jan 27 2007 - qqqq force index and macd (26,12)

looking at macd (26,12) and force index, the qqqq's changed trend direction from on jan 24th. The fi should be used to gauge a trend in sentiment - in general, when fi is above "0" and macd is trending down, short the QQQQs; when it is above "0" and macd is trending up, buy the QQQQ's long.

jan 25 2007 - qqqq technical analysis

qqqq's looking for direction - bias is down, but time will tell, as it always does...

Trading the QQQQ in 2007

I'll be trading the QQQQs in 2007, hopefully following the trends both up and down.

1. bull / bear sentiment - 62.89
2. yield curve - inverted
3. qqqq - stochastic and macd trending up

Point 1 and 3 combined with point 2 are showing a "top' in the QQQQ. When the correction will happen is anyone's guess. Possibly around the time of the next Federal Reserve meeting - we'll wait and see.