Uptrend in Qs Intact

08/25/2009 9:53 am EST


Thomas Aspray

, Professional Trader & Analyst

Click to Enlarge

Though QQQQ was a bit lower on Monday, the daily uptrend is still intact as the OBV did confirm the recent highs. The declining volume would be more of a concern if it were not the end of August. There is initial support at $38-38.50 and more important support at $34.30. The upper parallel trend line is in the $43 area.

Related Articles on STRATEGIES

Keyword Image
Pensions Have a Problem
7 hours ago

U.S. public pension liabilities have increased 64% since 2007, with just a 30% rise in assets....

Keyword Image
Yield Curve Hype
04/04/2019 2:32 pm EST

Despite what you heard, there has not been an official (10-year/two-year Treasury spread) yield curv...