Don't Ignore This Chart!

Six weeks of no Pain for QQQQ Bulls

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The Nasdaq 100 ETF (QQQQ) has not seen a loss greater than 1/2% since November 30th, around six weeks ago. There have been plenty of gains greater than 1/2% and even a few losses, but no painful losses. Moreover, this remarkable streak shows no signs of ending as the ETF edges above 57 on Tuesday.

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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