QQQQ Watch

The exchange-traded fund that tracks the Nasdaq, QQQQ, is again showing a parabolic sar bull signal after a two-day sojourn into beardom.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
QQQQ $49.83

The Qs is one of the most attractive issues for options traders because of its liquidity.



The bull signal is in line with an uptrend that began on Feb. 5 at $42.12, about 18% ago.

You are here:

• Reversal 
• $55.07, +10.5%
• $52.84, +6%
• $50.61, +1.6%
• $50.19, +0.7%
• Now $49.83
• Reversal
• $48.90, -1.9%
• $47.25, -5.2%

If QQQQ can clear the $50.61 level, it will have clear shot up to $52.84, a 6% rise.

Related trades are QLD, the Qs ultra fund, with a bull signal, and QID, the Qs ultra short fund, with a bear signal.

---

Technical Analysis Explained : The Successful Investor's Guide to Spotting Investment Trends and Turning Points

Technical analyst Martin Pring reveals the secrets of the craft. No trader should be without this book.

---

This signal will be followed in the daily Watchlist, which is posted beginning around 2:45 p.m. Eastern. Look for it at www.timbovee.com.

Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic

About the glance: The colors indicate the state of each signal.

• trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
• adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
• psar, pps, macd: green for bull mode, red for bear
• sto: green for overbought, red for oversold, yellow for the neutral zone.

New to Private Trader? Check out the Reader's Guide.

New to private trading? Here's a look at How to Become a Private Trader.