FINANCIAL ICEBERG
Always consider hidden risks
​
 TECHNICALS
Nasdaq 100 Index ETF QQQ: Outperforming SPY?
​July 26 2016 ( From TradingView )
If you would like to receive our free daily markets updates, please Sign-Up







​The Situation
​
​​​​Financial assets like the SP500 Index (SPY ETF) had a very good ​
​performance ​indeed ​since bottoming out on February 11 2016 as even 
​the Nasdaq 100 Index (QQQ ETF) ​joined the party and since June 24, 
​QQQ ETF is Outperforming the Mighty SPY ETF. 
​Trading now into a tiny Uptrend ​channel for QQQ ETF.
​(See First Chart Below - Channel)​

QQQ ETF is at +5.0% above the 200 DMA ​(Day Moving ​Average) as of the 
​close of ​July 25 and SPY ETF is further away at +6.3% above it s 200 DMA.​
​
​​But few of us realize ​the ​outrperformance of the Nasdaq ​100 Index​ ​(QQQ ETF) ​compare to the Mighty SP500 Index (SPY ETF) on a relative basis since June 24 after testing a Major Support Trendline that started back since November 2008!. ​​(See Second Chart Below - Red 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 June 24. ​​(See Second Chart Below - Red Trendline - Ellipse)

What strikes me the most, is that the relative volatility (ratio of Nasdaq 100 Volatility Index over the SP500 Volatility Index) is almost at its highest since June 24. As a few big names reporting earnings this week, the QQQ ETF relative volatility won t last long at that level as we are near testing the Major Resistance Trendline that started since April 2014... (See Third Chart Below - Blue TrendLine - Ellipse)
​​





Nasdaq 100 Index ETF QQQ: Outperforming SPY?  $COMPQ  #Trading #nasdaq #investing #sp500  #spy


​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 )​​​










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 (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 )​



Financialiceberg.Com