Always consider hidden risks
Nasdaq 100 Index ETF QQQ: Feel Home Alone
​May 22 2017 ( From TradingView )
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​Financial assets like the SP100 Index (OEF ETF) had a very good ​
​performance ​indeed ​since bottoming out just before the US Election
​on November 4 2016 (+13.9%) as even ​the Nasdaq 100 Index (QQQ ETF) ​
​joined the party (+21.5%),  ​QQQ ETF is Outperforming the Mighty OEF ETF.
​​It is now back testing the Previous Daily Breakout Trendline.
​​​(See First Chart Below - Uptrend Channel - Red Trendlines)​
QQQ ETF is also trading within a Rising Wedge 
​​(See First Chart Below - Uptrend Channel - BlueTrendlines)​

QQQ ETF is at +11.4% above the 200 DMA ​(Day Moving ​Average) as of the
​close of ​May 19 and OEF ETF is only at +5.3% above it s 200 DMA.​

​​But few of us realize ​the ​Weekly outperformance of the Nasdaq ​100 Index​ ​(QQQ ETF) ​compare to the Mighty SP100 Index (OEF ETF) on a relative basis since December 12 2016 week after testing a Major Support Trendline that started back since November 2013!. ​​(See Second Chart Below - Blue Trendline - Ellipse)

​​​The market is in favor for the technology stocks over the broad stock market indices lately. As history repeat itself, we must be aware that this Support Trendline on a relative basis was the last call for Bulls for the Nasdaq 100 Index as it was tested on December 12 2016 and rebounded strongly since then and broke the previous congestion zone on March 20 2017. ​​ ​(See Second Chart Below - Yellow Trendline)
We are now at the Major Weekly Resistance Trendline on a Relative Basis.​

What is quite interesting, is to observe the strong concentration within the Nasadq 100 Index (QQQ ETF).
​As only a few big names makes this index (top 5 AAPL, MSFT, AMZN, FB and GOOG makes 42.08% of the weight on the QQQ) compare to only +18.73% for the OEF ETF (top5 AAPL, MSFT, AMZN, FB, JNJ). That concentration within the index could bring eventually more volatility down the road. We did have a Monthly Breakout in February 2017 on the QQQ ETF (broke the Major Resistance Trendline that started back since October 2017). 
​(See Third Chart Below - Top Yellow TrendLine )

What strikes me the most, ​​is that the performance of the QQQ ETF since November 4 2016. It did outpace the performance of the Financials (XLF ETF) since Mid April 2017 and is the leader of the Market since. 
(See Fourth Chart Below - SPY ETF  Sectors Performance since November 4 - Ellipse)
​W​​e must realize that the last up leg of the market is lead by technology stocks and we must monitor the risks accordingly within our portfolios. QQQ ETF strong out performance make it Feel Home Alone with its peers.

Nasdaq 100 Index ETF QQQ: Feel Home Alone $COMPQ  #Trading #nasdaq #investing #sp500  #spy #stocks

Weekly RATIO
Nasdaq 100 Index ETF ( QQQ )
over SP100 Index ETF ( OEF ) 
​4 DMA ( Week Moving Average - Yellow Line )​
12 DMA ( Week Moving Average - Red Line )​​
52 DMA ( Week Moving Average - Green Line )​

Cumulative Performance since November 4 2016
QQQ Nasdaq 100 (Blue-Ellipse)
XLY Consumer Discretionary
XLP Consumer Staples
XLE Energy
XLF Financials (Yellow)
XLV Health Care
XLI Industrials
XLB Materials
XLRE Real Estate
XLK Technology
XLU Utilities

​Daily Chart ( Candles )
Nasdaq 100 Index ETF ( QQQ )
20 DMA ( Day Moving Average - Yellow Line )​
50 DMA ( Day Moving Average - Red Line )​​
200 DMA ( Day Moving Average - Green Line )​​​

​Monthly Chart ( Candles )
Nasdaq 100 Index ETF ( QQQ )