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The QQQ just became a big problem for the Bulls! | Hi Trader , It’s not surprising that QQQ has been the weakest of the big stock indexes (SPY, IWM and QQQ) recently. In fact, this week’s video will show you a measure of momentum that demonstrates that the IWM broke out over a major momentum milestone to the upside months ago! Since then it's been the easiest index to be long as it continues to be the leading index during market upswings. This shift in momentum is a major change in the markets’ dynamics. Furthermore, in this week’s video you’ll discover how the QQQ’s have failed to break the same upside momentum levels that both the SPY and IWM have cleared. As a result, the QQQ’s are at risk of becoming the new leader to the downside. Tap here to watch the video for all the details. Best wishes for your trading, Geoff Bysshe President MarketGauge.com @marketgauge P.S. If you've never visited our free resource,"Little Big View", with "Trades & Tutorials" as one of its sections, be sure to click around. There's lots of great free trading information and insight. If you don't want to be included when we release new "Trades & Tutorials" video tap here to stop receiving them. | |
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