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Nasdaq 100 Index ETF QQQ: The Apple Experiment?
​March 20 2017 ( From TradingView )
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​​​​Financial assets like the SP500 Index (SPY ETF) had a very good ​​performance
​​indeed ​since bottoming out strongly just before the US election as even ​the
​Nasdaq 100 Index (QQQ ETF) ​joined the party; ​QQQ ETF ​is Outperforming the
​Mighty ​SPY ETF ​Tremendously since mid December 2016... QQQ ETF reached
​a new high ever last week and Trading now into a Tiny ​Daily Rising Channel
​that Bulls need toprotect at all costs.​ ​
(See First Chart Below )​

QQQ ETF is at +11.2% above the 200 DMA ​(Day Moving ​Average) as of the
​close of ​March 17 2017 and SPY ETF is only at +7.7% above it s 200 DMA.​


​​But few of us realize ​the ​out performance of the Nasdaq ​100 
Index​ ​(QQQ ETF) ​compare to the Mighty SP500 Index (SPY ETF) on a relative basis since December 12 2016 after testing a Major Support Trendline that started back since November 2008!. ​​(See Second Chart Below - Red Trendline) The market is in favor for the technology stocks over the broad stock market indices lately. We are now testing the Resistance Trendline on a relative basis so critical for Bulls to break. (See Second Chart Below - Yellow Trendline )

What is quite interesting, is that the relative volatility (daily ratio of Nasdaq 100 Volatility Index VXN over the SP500 Volatility Index VIX) is at its lowest since June 2013. As only a few big names makes this index (Nasdaq 100 - top 5 AAPL-11.96%, MSFT-8.08%, AMZN-6.49%, FB-5.24% and GOOG-8.85% makes 40.62% of the weight on the QQQ), the QQQ ETF relative volatility won t last long at that level as we are testing the Major Support Trendline that started since August 2007... ​(See Third Chart Below - Red TrendLine)  Low Volatility level like that was a warning of potential market consolidation as history suggest. (See Third Chart Below - Vertical Lines)

What strikes me the most, ​​is at a time were relative volatility is on the low side, QQQ ETF is making new highs price wise (mainly from Apple contribution up +32.4% since bottoming out on November 14 2016). In fact, part of the low volatility comes from Apple shares itself (daily ratio of Apple Volatility Index VXAPL and Nasdaq 100 Volatility Index VXN) which is on the low side.  (See Fourth Chart Below)

But the most interesting factor is that at a time which we test the low side on Relative Volatility, Apple Shares are testing a Major Relative Daily Resistance Zone with the Nasdaq 100 ETF (QQQ) (daily ratio of AAPL shares over QQQ ETF) (See Fifth Chart Below)

​The Ultimate Bull Battle Zone is here for Apple Shares;
​in fact, it becomes the Apple Experiment (11.96% of QQQ ETF)...


Nasdaq 100 Index ETF QQQ: The Apple Experiment?  $COMPQ  #Trading #nasdaq #investing #sp500 #aapl #stocks

Financialiceberg.Com
Daily RATIO
Nasdaq 100 Index ETF ( QQQ )
over SP500 Index ETF ( SPY ) 
​20 DMA ( Day Moving Average - Yellow Line )​
50 DMA ( Day Moving Average - Red Line )​​
200 DMA ( Day Moving Average - Green Line )​

Financialiceberg.Com
Daily RATIO (Top Panel - Blue Line)
Nasdaq 100 Index ETF Volatility (VXN)
over SP500 Index Volatility (VIX)
​20 DMA ( Day Moving Average - Yellow Line )​
50 DMA ( Day Moving Average - Red Line )​​
200 DMA ( Day Moving Average - Green Line )​
SP500 Index (Bottom Panel - SPY ETF - Candles)​

Financialiceberg.Com
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 )​​​


​Daily RATIO (Candles)
Apple Shares Volatility (VXAPL)​
over Nasdaq 100 Index ETF Volatility (VXN)
​20 DMA ( Day Moving Average - Yellow Line )​
50 DMA ( Day Moving Average - Red Line )​​
200 DMA ( Day Moving Average - Green Line )​

Financialiceberg.Com
Financialiceberg.Com
Financialiceberg.Com
​Daily RATIO (Candles)
Apple Shares (AAPL)​
over 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 )​