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QQQ $582 Million Dark Pool Print
By: Cheddar Flow | November 30, 2023
• $QQQ $582M Dark Pool Print
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The 10 Top/Bottom NASDAQ 100 Index percent net change performers
By: Thom Hartle | November 30, 2023
• Today (8:34 CST), the 10 top/bottom percent net change performers in the NASDAQ 100 Index.
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Nasdaq Composite Index (COMP): Summary Analysis
By: Marty Armstrong | November 29, 2023
NASDAQ Composite Index Cash closed today at 1428176 and is trading up about 36% for the year from last year's settlement of 1046648. At the moment, this market has been declining for going into 2023 reflecting that this has been only still a bearish reactionary trend.
MARKET OVERVIEW
NEAR-TERM OUTLOOK
The historical perspective in the NASDAQ Composite Index Cash included a rally from 2009 moving into a major high for 2021, the market has been in a bearish trend since the high moving into the low in 2022 for a declining trend during that year. The last Yearly Reversal to be elected was a Bullish at the close of 2022. However, the market has been unable to exceed that level intraday since then.
This market remains in a positive position on the weekly to yearly levels of our indicating models. Nevertheless, it closed last year on the weak side down from 2021. Pay attention to the Monthly level for any serious change in long-term trend ahead.
Solely focusing on only the indicating ranges on the Daily level in the NASDAQ Composite Index Cash, this market remains moderately bullish currently with underlying support beginning at 1422663 and overhead resistance forming above at 1435961. The market is trading closer to the support level at this time.
On the weekly level, the last important high was established the week of November 20th at 1435961, which was up 4 weeks from the low made back during the week of October 23rd. So far, this week is trading within last week's range of 1435961 to 1413420. Nevertheless, the market is still trading upward more toward resistance than support. A closing beneath last week's low would be a technical signal for a correction to retest support.
When we look deeply into the underlying tone of this immediate market, we see it is currently still in a semi neutral posture despite declining from the previous high at 1435961 made 0 week ago. Still, this market is within our trading envelope which spans between 1227894 and 1480582. The broader perspective, this current rally into the week of November 20th reaching 1435961 has exceeded the previous high of 1371414 made back during the week of October 9th.
Right now, the market is above momentum on our weekly models hinting this is still bullish for now as well as trend. Looking at this from a wider perspective, this market has been trading up for the past 4 weeks overall.
INTERMEDIATE-TERM OUTLOOK
Looking at the longer-term monthly level, we did see that the market made a high in July at 1444655. After a four month rally from the previous low of 1356725, it made last high in July. Since this last high, the market has corrected for four months. However, this market has held important support last month. So far here in November, this market has held above last month's low of 1254386 reaching 1287520.
This market is trading beneath that high of July which was 1444655 by 1.14%. Critical support still underlies this market at 1179860 and a break of that level on a monthly closing basis would warn of a further decline ahead becomes possible. Nevertheless, at this time, the market is still weak.
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The 10 Top/Bottom NASDAQ 100 Index percent net change performers
By: Thom Hartle | November 29, 2023
• Today (8:34 CST), the 10 top/bottom percent net change performers in the NASDAQ 100 Index.
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The 10 Top/Bottom NASDAQ 100 Index percent net change performers
By: Thom Hartle | November 28, 2023
• Today (8:34 CST), the 10 top/bottom percent net change performers in the NASDAQ 100 Index.
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QQQ Very Unusual $4 Million Call Sell Order. This is likely a part of a larger trade, since it is so deep ITM
By: Cheddar Flow | November 27, 2023
• $QQQ Very Unusual $4M Call Sell Order
This is likely a part of a larger trade, since it is so deep ITM
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Nasdaq sees rise in short interest across global and capital markets
By: Investing | November 27, 2023
The latest data from Nasdaq reveals an increase in short interest across its Global and Capital Market securities, highlighting a dynamic shift in investment strategies. As of November 15, the Global Market experienced a slight rise in short interest, reaching over 10.93 billion shares, while the Capital Market also saw an uptick, with short positions surpassing 2 billion shares.
Short selling, the practice of selling borrowed securities with the intention to buy them back at a lower price, is a common strategy used by broker/dealers to capitalize on anticipated market downturns. The recent figures indicate a growing inclination towards this approach, with the average daily volume of shorted shares extending the coverage time needed to clear these positions.
Key points from the Nasdaq data include:
The Global Market reported a marginal increase in short interest from the end of October, with the average daily volume coverage time rising from 3.06 days.
The Capital Market observed an increase in short positions and an average daily volume coverage time that lengthened to 1.79 days.
In total, Nasdaq-listed securities exhibited a combined short interest exceeding 13 billion shares, with an average turnover rate of about 2.75 days.
Nasdaq's role extends beyond just market listings, as it provides a suite of technology solutions, data analytics, and exchange services that support market liquidity and transparency. Investors and market participants can access detailed short interest analytics and other market insights through Nasdaq's dedicated online portals. This data is essential for understanding market trends and the strategies employed by institutional investors and broker/dealers navigating the financial system.
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Is a Local Top for the NASDAQ100 Forming?
By: Dr. Arnout Ter Schure | November 27, 2023
• If the index stays above $15738 it can target $16315-620. Below it increases the risk of closure of the November 14 gap open at $15535, and possibly a drop to as low as $14500+/-100.
The Anticipated Drop Fell Well Short Of Expectations
We hope everyone has had a wonderful, shortened Thanksgiving Week with family and friends last week. As such, our usual update every two weeks is a week later than normal, and a lot has happened since our last update on November 7. Namely, back then, we were looking for the NASDAQ100 (NDX) to
“…top out soon, ideally around $15500+/-100, before a multi-day correction (green W-2) down to ideally $14600+/-100 kicks in… Once green W-2 completes, green W-3 to ideally $16450+/-100 will ensue.”
The index peaked at $15382 two days later. It then dropped that same day to only $15171. A meager 1.4% intra-day correction. It is still the largest since the October 26 low, which does not give us much to work with. Now, the NDX has rallied to as high as $16119.
Hence, our forecast for a local top, drop, and rally was correct, albeit the drop was much smaller and shorter than anticipated. It happens; we cannot foresee everything, and since the market doesn’t owe us anything, we must acknowledge that no system, pundit, or analyst can be 100% accurate. If anyone is under the impression that one must always be right to succeed in the markets, let me disabuse them of that notion. Market analysis is not an exact science. If one approaches the markets as if it is, one’s portfolio will be in big trouble.
Figure 1. NASDAQ100 daily resolution chart with technical indicators and detailed EWP count.
That said, from the green W-2 low made on November 9, the index has completed five (grey) waves up, following a standard Fibonacci-based impulse pattern rather well. See Figure 1 above. W-iii, iv, and -v all reached the ideal target zones. Hence, the green W-3 can be considered complete at last Wednesday’s high. There are enough scribbles at today’s low to suggest that the green W-4 is done, but we must see a daily close above $16120 to be more confident that is the case. Then we will look for $16315-620 for the green W-5 of the red W-v of the black W-c/3.
Price Levels The Bulls Must Hold
However, Figure 2 below shows that the green W-4 can become more complex. Today’s low and rally could have been grey W-a, -b, respectively, and grey W-c to ideally $15750 is about to commence. It requires a break below today’s low to confirm this scenario.
Figure 2. NASDAQ100 hourly resolution chart with technical indicators and detailed EWP count.
Note there are a lot of negative divergences (red and orange arrows on the daily and hourly chart, respectively), suggesting the uptrend is losing momentum and strength, supporting the case for a pullback, but those are conditions, not triggers. Price is the final arbiter and trade-trigger. Thus, the Bulls would want to hold $15738 or risk facing closure of the November 14 gap open at $15535.
Moreover, a drop from current levels below the November 9 high at $15382 will tell us a much more significant pullback to ideally $14500+/-100 is most likely underway before we can see another substantial rally. Lastly, a lot can and will happen between our updates. It, therefore, pays to stay informed more regularly than, at best, every other week.
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The 10 Top/Bottom NASDAQ 100 Index percent net change performers
By: Thom Hartle | November 27, 2023
• Today (8:34 CST), the 10 top/bottom percent net change performers in the NASDAQ 100 Index.
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$QQQ The Nasdaq coming into one of its best performing weeks over the last two decades: 74% win rate and average return of +1.21%
By: TrendSpider | November 25, 2023
• $QQQ The Nasdaq coming into one of its best performing weeks over the last two decades:
74% win rate and average return of +1.21%.
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Nasdaq Composite Index (COMP) »» Weekly Summary Analysis
By: Marty Armstrong | November 25, 2023
NASDAQ Composite Index Cash closed today at 1425085 and is trading up about 36% for the year from last year's settlement of 1046648. This price action here in November is reflecting that this has been still a bearish reactionary trend on the monthly level. As we stand right now, this market has made a new high exceeding the previous month's high reaching thus far 1435961 intraday and is still trading above that high of 1371414.
ECONOMIC CONFIDENCE MODEL CORRELATION
Here in NASDAQ Composite Index Cash, we do find that this particular market has correlated with our Economic Confidence Model in the past. Our next ECM target remains Tue. May 7, 2024. The Last turning point on the ECM cycle low to line up with this market was 2022 and 2009 and 2002. The Last turning point on the ECM cycle high to line up with this market was 2007 and 2000.
MARKET OVERVIEW
NEAR-TERM OUTLOOK
The historical perspective in the NASDAQ Composite Index Cash included a rally from 2009 moving into a major high for 2021, the market has been in a bearish trend since the high moving into the low in 2022 for a declining trend during that year. The last Yearly Reversal to be elected was a Bullish at the close of 2022. However, the market has been unable to exceed that level intraday since then.
This market remains in a positive position on the weekly to yearly levels of our indicating models. Nevertheless, it closed last year on the weak side down from 2021. Pay attention to the Monthly level for any serious change in long-term trend ahead.
From a perspective using the indicating ranges on the Daily level in the NASDAQ Composite Index Cash, this market remains in a bullish position at this time with the underlying support beginning at 1413420. The market is trading closer to the resistance level at this time.
On the weekly level, the last important high was established the week of November 20th at 1435961, which was up 4 weeks from the low made back during the week of October 23rd. So far, this week is trading within last week's range of 1435961 to 1413420. Nevertheless, the market is still trading upward more toward resistance than support. A closing beneath last week's low would be a technical signal for a correction to retest support.
When we look deeply into the underlying tone of this immediate market, we see it is currently still in a semi neutral posture despite declining from the previous high at 1435961 made 0 week ago. Still, this market is within our trading envelope which spans between 1227894 and 1480582. The broader perspective, this current rally into the week of November 20th reaching 1435961 has exceeded the previous high of 1371414 made back during the week of October 9th.
Right now, the market is above momentum on our weekly models hinting this is still bullish for now as well as trend. Looking at this from a wider perspective, this market has been trading up for the past 4 weeks overall.
INTERMEDIATE-TERM OUTLOOK
YEARLY MOMENTUM MODEL INDICATOR
Our Momentum Models are declining at this time with the previous high made 2021 while the last low formed on 2022. However, this market has rallied in price with the last cyclical high formed on 2021 and thus we have a divergence warning that this market is starting to run out of strength on the upside.
Looking at the longer-term monthly level, we did see that the market made a high in July at 1444655. After a four month rally from the previous low of 1356725, it made last high in July. Since this last high, the market has corrected for four months. However, this market has held important support last month. So far here in November, this market has held above last month's low of 1254386 reaching 1287520.
This market is trading beneath that high of July which was 1444655 by 1.35%. Critical support still underlies this market at 1179860 and a break of that level on a monthly closing basis would warn of a further decline ahead becomes possible. Nevertheless, at this time, the market is still weak.
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We're also seeing @NASDAQ 100 futures positioning at extreme levels of net long exposure
By: Markets & Mayhem | November 24, 2023
• We're also seeing @NASDAQ 100 futures positioning at extreme levels of net long exposure.
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Nasdaq Composite Index (Comp): Summary Analysis
By: Marty Armstrong | November 22, 2023
NASDAQ Composite Index Cash closed today at 1419998 and is trading up about 35% for the year from last year's settlement of 1046648. Immediately, this market has been declining for going into 2023 reflecting that this has been only still a bearish reactionary trend.
MARKET OVERVIEW
NEAR-TERM OUTLOOK
The historical perspective in the NASDAQ Composite Index Cash included a rally from 2009 moving into a major high for 2021, the market has been in a bearish trend since the high moving into the low in 2022 for a declining trend during that year. The last Yearly Reversal to be elected was a Bullish at the close of 2022. However, the market has been unable to exceed that level intraday since then.
This market remains in a positive position on the weekly to yearly levels of our indicating models. Nevertheless, it closed last year on the weak side down from 2021. Pay attention to the Monthly level for any serious change in long-term trend ahead.
Looking at the indicating ranges on the Daily level in the NASDAQ Composite Index Cash, this market remains in a bullish position at this time with the underlying support beginning at 1419436.
On the weekly level, the last important high was established the week of November 13th at 1419436, which was up 3 weeks from the low made back during the week of October 23rd. So far, this week is has moved to the upside exceeding last week's high of 1419436 reaching 1430980. A closing above last week's high would be a technical signal that the advance is still in motion just yet. This makes the current rally 1 weeks to date. .
When we look deeply into the underlying tone of this immediate market, we see it is cautiously starting to strengthen since the previous low at 1254386 made 3 weeks. The broader perspective, this current rally into the week of November 13th reaching 1419436 has exceeded the previous high of 1371414 made back during the week of October 9th.
Right now, the market is above momentum on our weekly models hinting this is still bullish for now as well as trend. Looking at this from a wider perspective, this market has been trading up for the past 3 weeks overall.
INTERMEDIATE-TERM OUTLOOK
Looking at the longer-term monthly level, we did see that the market made a high in July at 1444655. After a four month rally from the previous low of 1356725, it made last high in July. Since this last high, the market has corrected for four months. However, this market has held important support last month. So far here in November, this market has held above last month's low of 1254386 reaching 1287520.
This market is trading beneath that high of July which was 1444655 by 1.70%. Critical support still underlies this market at 1179860 and a break of that level on a monthly closing basis would warn of a further decline ahead becomes possible. Nevertheless, at this time, the market is still weak.
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The 10 Top/Bottom NASDAQ 100 Index percent net change performers
By: Thom Hartle | November 22, 2023
• Today (8:33 CST), the 10 top/bottom percent net change performers in the NASDAQ 100 Index.
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Nasdaq breadth is usually very negative, and so when it is rarely strong it is noteworthy. The McClellan A-D Oscillator is a good way to see this, measuring acceleration vs. position of A-D Line. There was a bearish divergence, but it got rehabilitated today.
By: Tom McClellan | November 20, 2023
• Nasdaq breadth is usually very negative, and so when it is rarely strong it is noteworthy. The McClellan A-D Oscillator is a good way to see this, measuring acceleration vs. position of A-D Line. There was a bearish divergence, but it got rehabilitated today.
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The 10 Top/Bottom NASDAQ 100 Index percent net change performers
By: Thom Hartle | November 21, 2023
• Today (8:32 CST), the 10 top/bottom percent net change performers in the NASDAQ 100 Index.
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QQQ Massive ITM Put Writing for 12/15 $408 Puts at the Bid
By: FLOWrensics | November 20, 2023
• $QQQ Massive ITM PUT WRITING for 12/15 $408 PUTS at the BID.
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The 10 Top/Bottom NASDAQ 100 Index percent net change performers
By: Thom Hartle | November 20, 2023
• Today (8:32 CST), the 10 top/bottom percent net change performers in the NASDAQ 100 Index.
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Nasdaq QQQ Invesco ETF Historical Record: Largest weekly inflow in history for $QQQ
By: Barchart | November 17, 2023
• Nasdaq QQQ Invesco ETF Historical Record: Largest weekly inflow in history for $QQQ.
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$QQQ Already flirting w/ the 52W high. Nice C&H here can power it to ATH if we really run
By: Options Mike | November 19, 2023
• $QQQ Already flirting w/ the 52W high.
Nice C&H here can power it to ATH if we really run.
Would love dips to the 8D..
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Nasdaq Composite Index (COMP) »» Weekly Summary Analysis
By: Marty Armstrong | November 18, 2023
NASDAQ Composite Index Cash closed today at 1412548 and is trading up about 34% for the year from last year's settlement of 1046648. This price action here in November is reflecting that this has been still a bearish reactionary trend on the monthly level. As we stand right now, this market has made a new high exceeding the previous month's high reaching thus far 1419436 intraday and is still trading above that high of 1371414.
ECONOMIC CONFIDENCE MODEL CORRELATION
Here in NASDAQ Composite Index Cash, we do find that this particular market has correlated with our Economic Confidence Model in the past. Our next ECM target remains Tue. May 7, 2024. The Last turning point on the ECM cycle low to line up with this market was 2022 and 2009 and 2002. The Last turning point on the ECM cycle high to line up with this market was 2007 and 2000.
MARKET OVERVIEW
NEAR-TERM OUTLOOK
The historical perspective in the NASDAQ Composite Index Cash included a rally from 2009 moving into a major high for 2021, the market has been in a bearish trend since the high moving into the low in 2022 for a declining trend during that year. The last Yearly Reversal to be elected was a Bullish at the close of 2022. However, the market has been unable to exceed that level intraday since then.
This market remains in a positive position on the weekly to yearly levels of our indicating models. Nevertheless, it closed last year on the weak side down from 2021. Pay attention to the Monthly level for any serious change in long-term trend ahead.
The perspective using the indicating ranges on the Daily level in the NASDAQ Composite Index Cash, this market remains in a bullish position at this time with the underlying support beginning at 1380511.
On the weekly level, the last important high was established the week of November 13th at 1419436, which was up 3 weeks from the low made back during the week of October 23rd. So far, this week is trading within last week's range of 1419436 to 1368778. Nevertheless, the market is still trading upward more toward resistance than support. A closing beneath last week's low would be a technical signal for a correction to retest support.
When we look deeply into the underlying tone of this immediate market, we see it is cautiously starting to strengthen since the previous low at 1254386 made 3 weeks. The broader perspective, this current rally into the week of November 13th reaching 1419436 has exceeded the previous high of 1371414 made back during the week of October 9th.
Right now, the market is above momentum on our weekly models hinting this is still bullish for now as well as trend. Looking at this from a wider perspective, this market has been trading up for the past 3 weeks overall.
INTERMEDIATE-TERM OUTLOOK
YEARLY MOMENTUM MODEL INDICATOR
Our Momentum Models are declining at this time with the previous high made 2021 while the last low formed on 2022. However, this market has rallied in price with the last cyclical high formed on 2021 and thus we have a divergence warning that this market is starting to run out of strength on the upside.
Looking at the longer-term monthly level, we did see that the market made a high in July at 1444655. After a four month rally from the previous low of 1356725, it made last high in July. Since this last high, the market has corrected for four months. However, this market has held important support last month. So far here in November, this market has held above last month's low of 1254386 reaching 1287520.
This market is trading beneath that high of July which was 1444655 by more than 2 percent. Critical support still underlies this market at 1179860 and a break of that level on a monthly closing basis would warn of a further decline ahead becomes possible. Nevertheless, at this time, the market is still weak.
DiscoverGold QQQ $650 Million Dark Pool Print
By: Cheddar Flow | November 17, 2023
• $QQQ $650M Dark Pool Print.
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Nasdaq Exchange advancing issues outpaced declining issues by a 3-to-1 ratio in three out of ten sessions. Three months later, the Nasdaq Composite has never been lower
By: Dean Christians | November 17, 2023
• There's been lots of talk about the recent Zweig and Whaley thrust signals, which use NYSE data.
Nasdaq Exchange advancing issues outpaced declining issues by a 3-to-1 ratio in three out of ten sessions.
Three months later, the Nasdaq Composite has never been lower.
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The 10 Top/Bottom NASDAQ 100 Index percent net change performers
By: Thom Hartle | November 17, 2023
• Today (8:33 CST), the 10 top/bottom percent net change performers in the NASDAQ 100 Index.
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Yesterday, the Money Flow (MF14) for the NASDAQ100 hit its highest reading since November 2021...
By: Intelligent Investing | November 16, 2023
• Yesterday, the Money Flow (MF14) for the NASDAQ100 hit its highest reading since November 2021: 92.78.
Since the March 2009 low, there have only been 10 prior occasions, and two came very close, with an MF14>92.70.
Below are also examples of what happened to the NDX in 2013/'14 and 2017/'18 after such high readings were registered.
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$SPY & $QQQ Flow > $1M Today
By: Cheddar Flow | November 16, 2023
• $SPY & $QQQ Flow > $1M Today.
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QQQ $2.9 Million Put • Strike: 370 • Expiration: 3/15/24
By: Cheddar Flow | November 16, 2023
• $QQQ $2.9M OTM Put (Unusual)
Strike: 370
Expiration: 3/15/24
*Above the Ask*
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The 10 Top/Bottom NASDAQ 100 Index percent net change performers
By: Thom Hartle | November 16, 2023
• Today (8:34 CST), the 10 top/bottom percent net change performers in the NASDAQ 100 Index.
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