The tech stocks as measured by the QQQ are leading the market higher. Note that all short term daily averages (red) are above the rising longer term averages (blue). A break-out above the May highs would likely usher in a new leg up.
QQQQ short term up-trend reaches 15th day; leveraged ETF’s outperform most stocks again
Since the first day I identified the QQQ short term up-trend on June 29, the QQQ has advanced 4.1%. During the same period, QLD has advanced +7.9%, TYH +13.5%, and TQQQ +12%. In comparison, just 5% of the Nasdaq 100 stocks rose more than 12% and only 2.4% of the S&P500 stocks did so. Yet again, I learn that by simply buying these leveraged ETF’s and riding the up-trend I would have done much better than trying to pick individual stocks.
AAPL shines, QQQ short term up-trend reaches 14th day
My AAPL positions gained nicely. I wrote on July 11 that I was buying AAPL. I increased my position in QLD on Tuesday and transferred my university funds from money market funds to growth funds again. I am starting to buy individual stocks too. I have been learning to use the Worden TC2000 Platinum version which enables real time scanning and quotes. For the first time I can create a watchlist that shows which of my weekly, daily and hourly indicators are positive–all in real time as they change. I will be sharing some exciting new strategies soon.