Invesco QQQ Trust Series 1 (QQQ)

[frenchee]

Current stop @ 37.81. Short-term outlook getting worse but weight of evidence still suggests a long. Nas Bullish % Index ($BPCOMPQ) and Nas McClellan Oscillator Ratio Adjusted ($NAMO) still on a buy signal. See http://stockcharts.com/def/servlet/SC.web?c=$NAMO,uu[d,a]ddlayyay[dc][pd20,2!a25!a-45!f][vc60][iLk14... for NAMO and http://stockcharts.com/def/servlet/SC.web?c=$BPCOMPQ,uu[d,a]ddlayyay[dc][pd20,2!a25!a-45!f][vc60][iL... for BPCOMPQ. For a graphic look at how I see the QQQQ reference http://stockcharts.com/def/servlet/SC.web?c=QQQQ,uu%5bw,a%5ddeclyiay%5bdc%5d%5bph.02,.20!d20,2!b9!i!...

Bottom line: Suggest accumulation down to 37.80 for trading on 20 Jan 05.