QQQQ holds support; 43rd day of up-trend; QSII
I always have to remember not to anticipate a change in trend, but to wait for the actual signal. On Monday, the QQQQ went to the edge of support and held. There were 19 new highs and 8 new lows in my universe of 4,000 stocks on Monday. Only 3 of the new highs were on my IBD100 lists: VPRT, QSII and NPK. I have been writing about QSII for weeks. It broke out of a three year base in April and is at an all-time high. I own QSII. I also have a position in QLD, the ultra long QQQQ ETF. I intend to sell cash-secured puts in my IRA in early June if this up-trend remains intact.
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narendra nainani added these pithy words on Sun, 5-24-09 at 2:19 ammomentum is not seen in the market.buying can be postponed Website NIFTYFUTUREOPTIONS .
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