Posts for Ticker ‘QQQQ’

The Unusual Suspects (APP, BRK-A, CPB, MTXX, MCO, MHP, RMBS, QQQQ, GDL, UNH)

bull-and-bear-imageIt is the weekend, albeit a long three-day weekend for Labor Day.  Earnings season is done, gone, bye-bye, but this coming week there are going to be some key events and key stocks to watch including American Apparel Inc. (AMEX:APP), Campbell Soup Co. (NYSE: CPB), Matrixx Initiatives Inc. (NASDAQ: MTXX), Moody’s Corp. (NYSE: MCO), McGraw-Hill (NYSE: MHP), Rambus, Inc. (NASDAQ: RMBS).  On bigger market pundit calls, we want to watch the key ETF and ETN products of PowerShares QQQ (NASDAQ: QQQQ), the Semiconductor HOLDRS (NYSE: SMH), and Technology Select Sector SPDR (NYSE: XLK), SPDR Gold Shares (NYSE: GLD), the Market Vectors Gold Miners ETF (NYSE: GDX), and the Ultra Gold ProShares (NYSE: UGL).  Elsewhere, there is the death of the PowerShares DB Crude Oil Double Long ETN (DXO).  Sears Holdings Corporation (NASDAQ: SHLD) will also be key to watch because of a response to a nasty Barron’s article.

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Posted on: September 5, 2009 – 8:31 am in Calendar, Charts, Commodities, Labor & Unions, Mergers and Buy Outs, Metals, Rumors, Trading Alert, , , , , , , , , ,

NASDAQ Toppy? Chartist/Technician Notes Secular Bear (QQQQ, SMH, XLK)

Bull and Bear ImageWhat happens when you get a pullback after the markets have rallied some 50% from the lows of the year?  Technicians key in with the charts, and much of the market bullishness suddenly disappears.  Throw in a the slowest or second slowest market week (Labor Day and the week between Christmas and New Years).  We have started seeing some troubling data on the charts and in the performance of stocks on good news, which is presumably because the prices have become so elevated.  One of our affiliates has recently come out with a key NASDAQ watch alert here, and the key ETF play we would watch on this are the PowerShares QQQ (NASDAQ: QQQQ), the Semiconductor HOLDRS (NYSE: SMH), and Technology Select Sector SPDR (NYSE: XLK) because these are effectively the most liquid and active of technology ETF products that would generally react to NASDAQ-specific moves.
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Posted on: September 2, 2009 – 11:47 am in ETF, Index, Technology Companies, Trading Alert, , ,

When The NASDAQ Never Drops (QQQQ, SPY)

money-stack-imageWhile a market can go from a mega-bear market to a mega-bull market, steady rises become the usual.  But when you see an 11 day consecutive rise and then a gain ‘again’ that would make a twelfth consecutive day rally in an index, this becomes very much out of the norm regardless of what kind of market and economy you are in.  That is the case for the NASDAQ, and ditto for the NASDAQ 100 measured by the PowerShares QQQ (NASDAQ: QQQQ) ETF.  We have seen a steady rise in the S&P 500 in the same period, but the SPDRs (NYSE: SPY) does not have the exact same number of consecutive winning days.  Then there is a chart showing some of the internal readings of late…
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Posted on: July 23, 2009 – 10:16 am in ETF, Index, ,

Will 50-Day Moving Averages Hold Up This Time? (DIA, SPY, QQQQ)

Yesterday’s major rally may have brought on more than just the garden variety panic buying seen in prior panic buying waves.  So far we have profit taking being seen early on, but the DJIA and the S&P 500 crossed above their respective 50-Day Moving Averages in yesterday’s move.  This is more easy for traders to track in the major ETF’s, so we ran these for the DIAMONDS Trust (NYSE: DIA), SPDRs (NYSE: SPY), and the PowerShares QQQ (NASDAQ: QQQQ).
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Posted on: March 24, 2009 – 8:00 am in ETF, Index, Technical Analysis, Trading Alert, , ,

Stock Market Takes Out October Lows (DIA, SPY, QQQQ)

Down_arrow_red_2There is a disturbing event happening, and it is one which if gets much worse will take out much of the feeling that the markets have bottomed out.  Today the market index readings are challenging the lows from mid-October.  Now the challenge comes to whether or not these hold the closing levels and the intra-day lows seen at the time as of 12:53 PM EST today.

S&P500    833.68    (-18.62; -2.18%)

  • S&P low close 848.92 (Oct. 27) & intra-day low 839.80 (Oct. 10)

DJIA    8,111.81 (-170.85; -2.06%)

  • DJIA low close was 8,175.77 (Oct. 27) & intra-day low was 7,773.71 (Oct. 10)

NASDAQ    1,451.90 (-47.31; -3.16%)

  • NASDAQ low close was 1,505.90 (Oct. 27) & intra-day low was 1,493.79 (Oct. 24)

DIAMONDS Trust ETF (NYSE: DIA), SPDRs (AMEX: SPY), and the PowerShares QQQ (NASDAQ: QQQQ) are the main ETFS’s which track these index levels, and all actually trailing in the volume severity sen with many such days.

JON C. OGG
NOVEMBER 13, 2008

Posted on: November 13, 2008 – 1:09 pm in HI/LOW, Index, Technical Analysis, Trading Alert, , ,

FOMC Cuts… One & Done?? (DIA, SPY, QQQQ, TLT)

Today, Bernanke & Co at the FOMC gave us their rate decision.  The FOMC has decided to the Fed Funds Rate 0.25% to 2% and the Discount Rate by 0.25% to 2.25%.

As far as we were concerned, the language, tone, and general fed-speak is now more important to us than the actual rate move.

At 1:55 PM EST today, about 20 minutes before Fed-Time, the key ETF’s for the market were as follows:

  • DIAMONDS Trust (AMEX: DIA) $129.27 (+1.09; +0.85%)
  • SPDRs (AMEX: SPY) $139.55 (+0.47; +0.34%)
  • PowerShares QQQ (NASDAQ: QQQQ) $47.73 (+0.13; +0.27%) 
  • iShares Lehman 20+ Year Treas Bond (NYSE: TLT) $92.56 (+0.11; +0.12%) 

We still believe the U.S. is in a recessionary environment despite a positive GDP number this morning, just like Warren Buffett noted this week.  The difference is that we now believe the dangers of the systematic implosion and major spreading of counterparty defaults have passed.

Here were some of the FOMC comments and some of our conjecture:

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Posted on: April 30, 2008 – 1:22 pm in Uncategorized, , , ,

Bracing for Record DJIA Close (DIA, SPY, QQQQ, IWM)

Go back just one-month ago right after all the market malaise.  It was a fairly small crowd that would expect the stock market to be back at record highs in only a four to six week period.

Today the DJIA is up 190 points to 14,086.51, more than 80 points above the record close seen over the summer.  We are still shy of the intraday DJIA highs of 14,121.04, but this is more than impressive on the back of poor banking news this morning.  The DIAMONDS Trust (AMEX:DIA) is also on highs at $140.77, above the prior high of $140.46.

The NASDAQ-100 is also at recent highs, but nowhere near all-time highs.  The PowerShares QQQ (NASDAQ:QQQQ) are one of the most liquid instruments out there and these are trading at $51.95 with the prior 52-week high (and well over 5-year highs) at $51.68.

The S&P 500 Index is a different measure and deemed as more representative than the DJIA or the NASDAQ 100.  The SPRD’s Trust (AMEX:SPY) are up 1.2% at $154.40, almost 1% under the prior recent highs of $155.53.  So there is still another 1% or more of actual resistance before new highs can be claimed across the board on broader markets.  The Russell 2000 at 823.12 is also well under the prior highs of 856.46, and its iShares Russell 2000 Index (AMEX:IWM) at $81.93 are also under the $85.74 highs.

So as you can see, the DJIA may be close to new highs, and the NASDAQ 100 may be close to recent highs.  But the broader S&P 500 and the even broader Russell 2000 still have some resistance.  This is still pretty amazing considering the news tones of four to six weeks ago.  Being a contrarian at inflection points can be quite rewarding.

Jon C. Ogg
October 1, 2007

Posted on: October 1, 2007 – 1:11 pm in ETF, Economy, , , ,

Foster Wheeler: Good News, Bad News (FWLT, DOW, KBR, QQQQ)

Heavy construction and engineering giant Foster Wheeler (NASDAQ:FWLT) got some bad news today: it was beaten out by KBR, Inc. (NYSE:KBR) for a project management and front-end engineering and design contract on Saudi Arabia’s massive Ras Tanura petrochemical plant construction project. Dow Chemical (NYSE:DOW) and Saudi Aramco have formed a joint venture to build the Ras Tanura plant and plan to offer 30% of the $20 billion project to additional partners.

But FWLT also got some good news today: its stock is being added to the Nasdaq 100 index (NASDAQ:QQQQ), effective today. The company was added to the Russell 1000 earlier this year. That’s good news for a company that paid millions of dollars in asbestos-related personal injury claims and was delisted at the NYSE in November 2003. Foster Wheeler was even forced to execute a 20-for-1 reverse stock split in November 2004. The company’s stock traded on the OTC Bulletin Board from November 2003, until June 2005, when it listed on NASDAQ. Zacks has projected annual growth for FWLT of 23% over the next five years, nearly 10 points better than the expected growth for the industry as a whole.

That kind of growth brings to mind a couple of interesting questions. How long before FWLT once again seeks a listing on the NYSE? Will the ‘FWLT tenure on the NASDAQ 100′ set a record for the shortest term ever?  So far shares are focusing on the index addition as shares are trading up more than 1% around $118.00.

Paul Ausick
July 12, 2007

Posted on: July 12, 2007 – 10:55 am in Index, Oil & Gas, , , ,

NASDAQ & AMEX ETF’s: Who Will Win The ETF Wars?

This week there has been more talk of the ongoing attempts of NASDAQ (NDAQ-NASDAQ) trying to win more of the ETF markets by making new listings cheaper.  On Monday, the exchange announced it was introducing The NASDAQ ETF Market.  NASDAQ claims to now hold 54.1% of the total ETF market share including NASD/NASDAQ TRF market share of 17.8%.

Frankly, the American Stock Exchange has gotten a bit of a re-boost as its listing fees have been traditionally more affordable and rapid.  It has a massive listing of over 200 ETF’s that may actually be closer to 300 ETF’s now with the newest listings and the planned upcoming ETF’s.  The AMEX is still a pending IPO and we have unfortunately not really seen anything new or solid on the timing, terms, or anything with any meat to it to report on.

In a static world, the NASDAQ-100 ETF (QQQQ-NASDAQ) is one of the most liquid ETF’s on any given day and we have seen some more of the NASDAQ index-tracking ETFs switch over to the NASDAQ or just list there.  But it would seem like those companies which already list new ETF’s will be inclined to keep the listings at AMEX to keep things simple.  Maybe I am being old-school in thinking the 3-tickers is more appropriate for ETF’s and stocks that trade on AMEX or NYSE and 4-letter tickers are better to kept pure, rather than 3-letter tickers for NASDAQ listings and more new ETF’s trading with 4-letter tickers. What would seem obvious is that the new flood of ETF’s is creating or will very soon create an oversupply, so the newer listings will have more choices rather than existing ETF’s switching exchanges.

This one is still probably years away from being completely over, but so far AMEX has been winning in the newer ETF’s being listed.

Jon C. Ogg
July 5, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: July 5, 2007 – 1:10 pm in ETF, ,

Short Interest: NASDAQ Semiconductor Stocks (June, 2007)

Stock Tickers: QQQQ, NVDA, MXIM, AMAT, INTC, KLAC, MCHP, SNDK, ISIL, ALTR, ATML, LLTC, NVLS, ONNN, XLNX, IDTI

This pretty much confirms the rise in the June-2007 short interest of NYSE-listed chip stocks that we observed last week.  Here is the short interest for June 2007 versus May 2007, and we noted the change on each.

Stock (Ticker)                                          June        May    Change
NVIDIA (NVDA)                                        20.7M    11.7M    +76.5%
Maxim Integrated Prod. (MXIM)            11.9M    9.16M    +29.8%
Applied Materials (AMAT)                        53M    41.59M   +27.48%
Intel (INTC)                                            100.1M    81.2M    +23.3%
KLA-Tencor (KLAC)                              21.14M    17.1M    +23.2%
Microchip Tech.    (MCHP)                     8.77M    7.64M    +14.8%
SanDisk (SNDK)                                   24.57M   21.58M   +13.9%   
Intersil Corp. (ISIL)                                 7.86M     7.76M     +1.2%
Altera (ALTR)                                           22.1M     21.9M     +1%
Atmel (ATML)                                           10.6M     9.70M     +9.9%
Linear Tech (LLTC)                                18.4M     18.4M      flat
Novellus (NVLS)                                     15.1M      15.3M     -1.1%
ON Semiconductor (ONNN)                 24.1M      25.5M    -5.7%
RAMBUS (RMBS)                                               7.62M        8.27M      -7.9%
Xilinx (XLNX)                                           21.28M    23.9M      -10.9%
Integrated Device Tech. (IDTI)              4.27M     5.56M     -23%

The NASDAQ 100 Trust (QQQQ) saw its short interest rise more than 26%, with its short interest carried at 197.6 million shares in June compared to 156.6 million in May.

Jon C. Ogg
June 27, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: June 27, 2007 – 3:45 am in Semiconductor, Short Interest, , , , , , , , , , , , , , , , ,

ETF Winners & Losers (June 14, 2007)

DJIA                     13,553.73; +71.38 (0.53%)….DIAMONDS Trust (DIA) +0.67%
S&P500              1,522.97; +7.30 (0.48%)…SPDRs ‘Spyders’ (SPY) +0.64%
NASDAQ             2,599.41; +17.10 (0.66%)….NASDAQ 100 PowerShares QQQ (QQQQ) +0.66%
10YR-Bond         5.22%; +0.02% ….close ETF iShares Lehman 20+ Year (TLT) -0.25%
NYSE Volume          2,813,638,000
NASDAQ Volume    1,996,214,000

These are not the absolute highest performing ETF’s because some such as the Ultra ETF’s use leverage, but here are the normal unleveraged ET’s that won today:

iShares MSCI Brazil Index                                         (EWZ) +2.76%
iShares FTSE/Xinhua China 25 Index                     (FXI) +2.58%
PowerShares Dynamic Aggressive Growth           (PGZ) +2.47%
iPath S&P GSCI Total Return Index ETN                 (GSP) +2.37%
iShares Dow Jones US Oil Equipment Index         (IEZ) +2.28%
iShares MSCI South Korea Index                              (EWY) +2.27%
United States Natural Gas                                         (UNG)    +2.23%
iShares S&P GSCI Commodity-Indexed Trust       (GSG)    +2.11%
Claymore/Robeco Developed World Equity            (EEW) +2.10%
Oil Services HOLDRs                                                  (OIH) +2.10%
iShares MSCI South Africa Index                               (EZA) +2.09%

As always, even on a second strong up day there were some losers.  We back out the ‘inverse fund’ ETF’s and also the leveraged versions of each.  Also, the real estate group was the least impressive and we only included a couple variations to prevent repetition.  Here are today’s losers:

DJ Wilshire REIT ETF                                                 (RWR) (-1.16%)
iShares Cohen & Steers Realty Majors                   (ICF) (-1.14%)
WisdomTree Japan High-Yielding Equity               (DNL) (-0.94%)
KBW Regional Banking ETF                                      (KRE) (-0.78%)
Shares S&P Global Healthcare                                 (IXJ) (0.58%)
iShares MSCI Malaysia Index                                     (EWM) (0.42%)

Jon C. Ogg
June 14, 2007

Posted on: June 14, 2007 – 4:14 pm in ETF, HI/LOW, , , , , , , , , , , , , , , , , , , , ,