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Nasdaq 100 Index ETF QQQ: The Apple Experiment?
​September 19 2016 ( From TradingView )
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​​​​Financial assets like the SP500 Index (SPY ETF) had a very good ​​performance
​​indeed ​since bottoming out strongly post Brexit fears ​as even ​the Nasdaq 100 
​Index (QQQ ETF) ​joined the party; ​QQQ ETF ​is Outperforming the Mighty
​SPY ETF ​Tremendously since the beginning of July 2016...
​​Trading now into a Tiny Steep Daily Rising Wedge for QQQ ETF;
​strong price compression​.   
​(See First Chart Below - Blue Trendlines)​

QQQ ETF is at +7.5% above the 200 DMA ​(Day Moving ​Average) as of the
​close of ​September 16 2016 and SPY ETF is only at +3.6% above it s 200 DMA.​


​​But few of us realize ​the ​outperformance 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 back then for the Nasdaq 100 Index as it was tested on June 24 and rebounded very strongly since then. 

​(See Second Chart Below - Red Trendline - Ellipse)


What is quite interesting, is that the relative volatility (ratio of Nasdaq 100 Volatility Index VXN over the
SP100 Volatility Index VXO) is at its lowest since June 2016. As only a few big names makes this index
​(top 5 AAPL-11.27%, MSFT-8.05%, AMZN-6.57%, FB-5.34% and GOOG-8.92% makes 40.1% of the weight on the QQQ), the QQQ ETF relative volatility won t last long at that level as we are near testing the Major Resistance Trendline that started since July 2008... 
​(See Third Chart Below - Red TrendLine - Ellipse)

What strikes me the most, ​​is at a time were relative volatility is on the low side, QQQ ETF is near making new highs price wise (mainly from Apple contribution up +25.6% since June 27 vs SPY ETF up only +7.4%) and is in the process of breaking a Monthly Major Resistance Trendline that started back since March 2000!. 
(See Fourth Chart Below - Red Trendline - Ellipse)

The Ultimate Bull Battle Zone is here; in fact, it becomes the Apple Experiment (11.27% 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 (Blue Line)
Nasdaq 100 Index ETF Volatility (VXN)
over SP100 Index Volatility (VXO)
​20 DMA ( Day Moving Average - Yellow Line )​
50 DMA ( Day Moving Average - Red Line )​​
200 DMA ( Day Moving Average - Green Line )​


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 )​​​


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


Financialiceberg.Com