QQQQ, AAPL, GOOG all show a new uptrend from 52 weeks low

K

kitty1996

Does anyone notice that QQQQ daily chart shows a new uptrend from its 52 weeks low of $25?

The down trend has ended as QQQQ broke higher to recent high of 30.83(Above 50 SMA=30.50). Price close on Friday above 10 & 20 SMA.


AAPL also shows the the strongest chart. Its downtrend ended at 52 weeks low=$79.14. New uptrend is also starting. Now trading above 10, 20, 50 SMA-daily.

GOOG too. New uptrend from 52 weeks low of 247.30. Now Its trading above both 10 & 20 SMA-daily. Its going to cross above 50 SMA=323.47 for sure in the near future.


Judging from these Nasdaq leaders, I'd say Nasdaq will be heading higher near term. 50 SMA is the resistance. Though I am not surprise to see most Nasdaq leaders will eventually trade above 50SMA-daily.


Next week with GS earning and FED meeting, buying on weakness is a wise move than shorting because we will move higher for the next coming weeks.


Buying at pull back; My entry point=20 SMA daily chart; Target at/near 50 SMA as I don't want to stay in any positions for too long.


I'd appreciate any sound intelligent comments. Thank you.
 
I have trend-long signals generated on all of those during this past week. Which I ignored, as I'd already aggressively sold OTM puts back when VIX was threatening triple-digits.

Time will tell which decision, if either, was correct.
 
^^ How do you get a LONG-trend signal for QQQQ, AAPL & GOOG long ago when they were trading below 20SMA?

All of QQQQ, AAPL & GOOG charts just show a new uptrend starting from 52 weeks low as EMA(8) starting to cross above EMA(21) just last week.

I had no ideas where you get the LONG signal long ago.
 
Quote from kitty1996:

^^ How do you get a LONG-trend signal for QQQQ, AAPL & GOOG long ago when they were trading below 20SMA?
More...

Apologies - GOOG didn't hit - I was going from memory and just rechecked.

It's not a "trend" signal, it's a "go long, potential trend starting" signal. Moving averages have no impact for me, because I do not use a definition of trend that uses moving averages (I don't MAs for anything, frankly). Since trend is a completely arbitrary mathematical construct, you are of course free to use your own arbitrary definition that does use MAs.

Hope that helps!
 
Quote from kitty1996:

^^ How do you get a LONG-trend signal for QQQQ, AAPL & GOOG long ago when they were trading below 20SMA?

All of QQQQ, AAPL & GOOG charts just show a new uptrend starting from 52 weeks low as EMA(8) starting to cross above EMA(21) just last week.

I had no ideas where you get the LONG signal long ago.
More...
====================
Kit1996;

Well since sideways trends can profit some sellers, i see that;
but he may have meant long/not short.

MSFT is not above 50 day moving average[medium/important trend] ; but INTC,GOOG,AAPL are cleanly/clearly above 50 dma.

QQQQ ,SPY, some RE sectors look like [with discretion];
look like, [repeat with discretion] look like they may cross 50 dma.

But even if its the start of a new bull market, which is possible;
actually its a bear rally which to me is much,
much ,
different from an uptrend.

Actually with a brilliant banker/US treasury like Fed head Timothy G, thats bullish; but its still a bear rally[overdue, as noted ],
until it spends much time above 200 dma.

:cool:
 
AMAT*60 10.49 9.95 Buy
AMLN*60 11.38 10.05 Buy
BBBY*60 24.65 24.10 Buy
BRCM*60 18.03 16.35 Buy
CA*60 17.68 16.50 Buy
FMCN*60 8.44 8.04 Buy
FWLT*60 26.00 23.78 Buy
GENZ*60 65.39 64.14 Buy
GRMN*60 19.65 18.69 Buy
IACI*60 16.61 16.17 Buy
INTC*60 14.89 13.81 Buy
JAVA*60 4.15 3.80 Buy
JOYG*60 22.39 21.57 Buy
KLAC*60 21.51 19.49 Buy
LEAP*60 28.96 27.02 Buy
LINTA*60 2.45 2.36 Buy
LLTC*60 23.08 21.22 Buy
LOGI*60 13.59 13.13 Buy
LRCX*60 23.51 20.16 Buy
MCHP*60 20.67 19.22 Buy
MICC*60 42.30 40.94 Buy
MRVL*60 6.66 6.20 Buy
NVDA*60 8.75 7.94 Buy
STLD*60 11.60 10.58 Buy
VMED*60 4.48 4.25 Buy
VRTX*60 25.97 24.37 Buy
XLNX*60 17.50 16.41 Buy
XRAY*60 26.77 25.98 Buy
YHOO*60 13.23 12.74 Buy




^VIX*60 58.16 54.04 Sell
APOL*60 74.97 72.98 Sell
BIDU*60 114.99 110.29 Sell
CELG*60 49.86 47.34 Sell
COST*60 54.39 51.69 Sell
ERTS*60 17.39 16.64 Sell
FLIR*60 25.35 24.35 Sell
GILD*60 45.17 43.98 Sell
LVLT*60 0.80 0.73 Sell
 
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