Wed. Dec. 18th 2024

QQQ pummeled

Market Signal+3 WEAK BULLISH

QQQ and TQQQ were down -3.61% and -10.81% respectively today. This is the largest single day loss for QQQ since Fri. Oct. 7th 2022 (-3.81%), which occurred during a downtrend πŸ“‰.

The uptrend is deteriorating and may end soon. After 18 consecutive days of STRONG BULLISH Market Signal (values >= 7), the Market Signal was +3 WEAK BULLISH today. The Market Signal dropped from STRONG BULLISH to WEAK BULLISH (skipping the MODERATE BULLISH values) in one day - this is a bearish sign.

QQQ bleeding stopped when it found support near a prior high. This level was alluded to in a prior post. If QQQ breaks below, the uptrend will likely end.

This is a good time to know ones risk management rules, specifically when you choose to take profit, and how you will manage risk. During most prior uptrends, it has proved prudent to reduce the position as the Market Signal weakens, rather than waiting for the Market Signal to go negative and then closing the position.

πŸ“‰
NASDAQ-100 52-week lows

Usually, during uptrends we post the NASDAQ-100 52-week highs in this section. Today, no NASDAQ-100 holdings closed at a 52-week high. However, 11 closed at a 52-week low, another bearish sign; they are listed below.

                • PEP $154.43 -1.10%
                • AMD $121.41 -2.89%
                • AMGN $258.78 -2.70%
                • PANW $188.76 -6.20%
                • MDLZ $60.02 -2.15%
                • REGN $714.62 -3.43%
                • CSX $32.08 -2.58%
                • KHC $30.30 -3.04%
                • MCHP $56.14 -3.69%
                • CSGP $70.77 -3.23%
                • CDW $171.49 -2.93%
                • BIIB $146.79 -2.56%

πŸ“ˆ89th day of uptrend

Day πŸ“ˆ1 of current uptrend occurred on Aug. 15 2024.

  • QQQ +8.86% since start of current uptrend
  • TQQQ +19.91% since start of current uptrend
A B C D E F G
1
Market Signal Trend Count QQQ Close QQQ %chg since πŸ“ˆ1 TQQQ close TQQQ %chg since πŸ“ˆ1 Date
2
1 πŸ“ˆ1 $474.42 0.00% $68.46 0.00% Thu 8/15/24
3
3 πŸ“ˆ2 $475.02 0.13% $68.64 0.26% Fri 8/16/24
4
4 πŸ“ˆ3 $481.27 1.44% $71.30 4.15% Mon 8/19/24
5
3 πŸ“ˆ4 $480.26 1.23% $70.86 3.51% Tue 8/20/24
6
3 πŸ“ˆ5 $482.50 1.70% $71.83 4.92% Wed 8/21/24
7
7 πŸ“ˆ6 $474.85 0.09% $68.38 -0.12% Thu 8/22/24
8
8 πŸ“ˆ7 $480.00 1.18% $70.53 3.02% Fri 8/23/24
9
7 πŸ“ˆ8 $475.34 0.19% $68.46 0.00% Mon 8/26/24
10
8 πŸ“ˆ9 $476.76 0.49% $69.04 0.85% Tue 8/27/24
11
5 πŸ“ˆ10 $471.35 -0.65% $66.70 -2.57% Wed 8/28/24
12
5 πŸ“ˆ11 $470.66 -0.79% $66.35 -3.08% Thu 8/29/24
13
7 πŸ“ˆ12 $476.27 0.39% $68.61 0.22% Fri 8/30/24
14
4 πŸ“ˆ13 $461.81 -2.66% $62.35 -8.92% Tue 9/3/24
15
2 πŸ“ˆ14 $460.61 -2.91% $61.82 -9.70% Wed 9/4/24
16
2 πŸ“ˆ15 $461.04 -2.82% $62.02 -9.41% Thu 9/5/24
17
1 πŸ“ˆ16 $448.69 -5.42% $56.99 -16.75% Fri 9/6/24
18
1 πŸ“ˆ17 $454.46 -4.21% $59.11 -13.66% Mon 9/9/24
19
1 πŸ“ˆ18 $458.66 -3.32% $60.70 -11.34% Tue 9/10/24
20
1 πŸ“ˆ19 $468.62 -1.22% $64.57 -5.68% Wed 9/11/24
21
5 πŸ“ˆ20 $473.22 -0.25% $66.48 -2.89% Thu 9/12/24
22
5 πŸ“ˆ21 $475.34 0.19% $67.35 -1.62% Fri 9/13/24
23
1 πŸ“ˆ22 $473.24 -0.25% $66.45 -2.94% Mon 9/16/24
24
1 πŸ“ˆ23 $473.49 -0.20% $66.49 -2.88% Tue 9/17/24
25
3 πŸ“ˆ24 $471.44 -0.63% $65.62 -4.15% Wed 9/18/24
26
3 πŸ“ˆ25 $483.36 1.88% $70.58 3.10% Thu 9/19/24
27
7 πŸ“ˆ26 $482.44 1.69% $70.13 2.44% Fri 9/20/24
28
7 πŸ“ˆ27 $483.04 1.82% $70.65 3.20% Mon 9/23/24
29
7 πŸ“ˆ28 $485.37 2.31% $71.65 4.66% Tue 9/24/24
30
7 πŸ“ˆ29 $485.95 2.43% $71.67 4.69% Wed 9/25/24
31
7 πŸ“ˆ30 $489.47 3.17% $73.19 6.91% Thu 9/26/24
32
7 πŸ“ˆ31 $486.75 2.60% $71.93 5.07% Fri 9/27/24
33
7 πŸ“ˆ32 $488.07 2.88% $72.49 5.89% Mon 9/30/24
34
6 πŸ“ˆ33 $481.27 1.44% $69.42 1.40% Tue 10/1/24
35
6 πŸ“ˆ34 $481.95 1.59% $69.68 1.78% Wed 10/2/24
36
6 πŸ“ˆ35 $481.59 1.51% $69.52 1.55% Thu 10/3/24
37
7 πŸ“ˆ36 $487.32 2.72% $71.97 5.13% Fri 10/4/24
38
6 πŸ“ˆ37 $482.10 1.62% $69.60 1.67% Mon 10/7/24
39
7 πŸ“ˆ38 $489.30 3.14% $72.62 6.08% Tue 10/8/24
40
8 πŸ“ˆ39 $493.15 3.95% $74.37 8.63% Wed 10/9/24
41
8 πŸ“ˆ40 $492.59 3.83% $74.11 8.25% Thu 10/10/24
42
8 πŸ“ˆ41 $493.36 3.99% $74.30 8.53% Fri 10/11/24
43
8 πŸ“ˆ42 $497.50 4.86% $76.20 11.31% Mon 10/14/24
44
7 πŸ“ˆ43 $490.85 3.46% $73.16 6.87% Tue 10/15/24
45
8 πŸ“ˆ44 $490.91 3.48% $73.12 6.81% Wed 10/16/24
46
8 πŸ“ˆ45 $491.25 3.55% $73.34 7.13% Thu 10/17/24
47
7 πŸ“ˆ46 $494.47 4.23% $74.64 9.03% Fri 10/18/24
48
7 πŸ“ˆ47 $495.42 4.43% $75.05 9.63% Mon 10/21/24
49
7 πŸ“ˆ48 $495.96 4.54% $75.27 9.95% Tue 10/22/24
50
6 πŸ“ˆ49 $488.36 2.94% $71.79 4.86% Wed 10/23/24
51
6 πŸ“ˆ50 $492.32 3.77% $71.79 4.86% Thu 10/24/24
52
7 πŸ“ˆ51 $495.32 4.41% $74.74 9.17% Fri 10/25/24
53
7 πŸ“ˆ52 $495.40 4.42% $74.81 9.28% Mon 10/28/24
54
7 πŸ“ˆ53 $500.16 5.43% $76.88 12.30% Tue 10/29/24
55
7 πŸ“ˆ54 $496.47 4.65% $75.14 9.76% Wed 10/30/24
56
5 πŸ“ˆ55 $483.85 1.99% $69.45 1.45% Thu 10/31/24
57
3 πŸ“ˆ56 $487.43 2.74% $70.97 3.67% Fri 11/1/24
58
5 πŸ“ˆ57 $486.01 2.44% $70.27 2.64% Mon 11/4/24
59
7 πŸ“ˆ58 $492.21 3.75% $72.94 6.54% Tue 11/5/24
60
8 πŸ“ˆ59 $505.58 6.57% $78.86 15.19% Wed 11/6/24
61
8 πŸ“ˆ60 $513.54 8.25% $82.55 20.58% Thu 11/7/24
62
7 πŸ“ˆ61 $514.14 8.37% $82.75 20.87% Fri 11/8/24
63
8 πŸ“ˆ62 $513.84 8.31% $82.60 20.65% Mon 11/11/24
64
8 πŸ“ˆ63 $512.91 8.11% $82.15 20.00% Tue 11/12/24
65
8 πŸ“ˆ64 $512.25 7.97% $81.79 19.47% Wed 11/13/24
66
8 πŸ“ˆ65 $508.69 7.09% $80.06 16.64% Thu 11/14/24
67
5 πŸ“ˆ66 $496.57 4.67% $74.27 8.49% Fri 11/15/24
68
6 πŸ“ˆ67 $500.02 5.40% $75.77 10.68% Mon 11/18/24
69
6 πŸ“ˆ68 $503.46 6.12% $77.29 12.90% Tue 11/19/24
70
7 πŸ“ˆ69 $503.17 6.06% $77.20 12.77% Wed 11/20/24
71
7 πŸ“ˆ70 $504.98 6.44% $77.96 13.88% Thu 11/21/24
72
7 πŸ“ˆ71 $505.79 6.61% $78.25 14.30% Fri 11/22/24
73
8 πŸ“ˆ72 $506.59 6.78% $78.61 14.83% Mon 11/25/24
74
8 πŸ“ˆ73 $509.31 7.35% $79.83 16.61% Tue 11/26/24
75
7 πŸ“ˆ74 $505.30 6.51% $77.90 13.79% Wed 11/27/24
76
7 πŸ“ˆ75 $509.74 7.44% $79.89 16.70% Fri 11/29/24
77
8 πŸ“ˆ76 $515.29 8.61% $82.48 20.48% Mon 12/2/24
78
7 πŸ“ˆ77 $516.87 8.95% $83.21 21.55% Tue 12/3/24
79
8 πŸ“ˆ78 $523.26 10.29% $86.25 25.99% Wed 12/4/24
80
8 πŸ“ˆ79 $521.81 9.99% $85.54 24.95% Thu 12/5/24
81
8 πŸ“ˆ80 $526.48 10.97% $87.74 28.16% Fri 12/6/24
82
7 πŸ“ˆ81 $522.38 10.11% $85.69 25.17% Mon 12/9/24
83
7 πŸ“ˆ82 $520.60 9.73% $84.76 23.81% Tue 12/10/24
84
8 πŸ“ˆ83 $529.92 11.70% $89.29 30.43% Wed 12/11/24
85
7 πŸ“ˆ84 $526.50 10.98% $87.52 27.84% Thu 12/12/24
86
7 πŸ“ˆ85 $530.53 11.83% $89.40 30.59% Fri 12/13/24
87
7 πŸ“ˆ86 $538.17 13.44% $93.29 36.27% Mon 12/16/24
88
7 πŸ“ˆ87 $535.80 12.94% $92.04 34.44% Tue 12/17/24
89
3 πŸ“ˆ88 $516.47 8.86% $82.09 19.91% Wed 12/18/24

Market Signal, Trend Count, closing prices, and return (%) over current uptrend


TQQQ vs QQQ Holdings

TQQQ is outperforming 80% of QQQ holdings since day πŸ“ˆ1 of current uptrend (Aug. 15 2024).

Despite TQQQ getting beat up today, if one held TQQQ from the start of the current uptrend (Aug. 15th 2024), held till today, and sold after market close at the sight of today's Market Signal drop - they would be up +19.91% and have outperformed 80% of QQQ holdings (including 5 of the Magnificent 7).

☝️ In other words, there is about a 2 in 10 chance of picking NASDAQ-100 stocks that would have outperformed QQQ from the start of current uptrend til now.

A B C D E
1
Market Cap Symbol %Chg since πŸ“ˆ1 Close on πŸ“ˆ1 Close
2
187,349 M QQQ 8.86% $474.42 $516.47
3
105,064 M APP 265.82% $85.58 $313.07
4
1,412,844 M TSLA 105.53% $214.14 $440.13
5
65,158 M TEAM 70.39% $146.83 $250.19
6
91,099 M MRVL 51.85% $69.33 $105.28
7
26,077 M WBD 46.82% $7.24 $10.63
8
45,312 M LULU 45.03% $256.55 $372.07
9
163,609 M BKNG 36.01% $3,634.67 $4,943.35
10
1,044,434 M AVGO 34.61% $166.13 $223.62
11
380,245 M NFLX 34.13% $663.22 $889.55
12
86,007 M CRWD 34.05% $260.49 $349.18
13
51,026 M DDOG 29.12% $116.33 $150.20
14
63,143 M TTD 27.29% $100.50 $127.93
15
71,556 M FTNT 27.19% $73.40 $93.36
16
68,702 M DASH 26.94% $130.29 $165.39
17
85,667 M PYPL 25.77% $67.94 $85.45
18
77,157 M MAR 25.12% $221.90 $277.65
19
31,947 M TTWO 24.27% $146.38 $181.90
20
2,318,770 M AMZN 24.17% $177.59 $220.52
21
113,024 M GILD 21.99% $74.34 $90.69
22
41,858 M TQQQ 19.91% $68.46 $82.09
23
70,610 M CEG 18.58% $190.39 $225.76
24
229,128 M CSCO 18.55% $48.53 $57.53
25
63,107 M ADSK 17.03% $250.21 $292.83
26
2,306,204 M GOOGL 16.80% $161.30 $188.40
27
2,327,626 M GOOG 16.53% $163.17 $190.15
28
71,535 M WDAY 16.14% $231.56 $268.93
29
147,515 M HON 14.31% $198.46 $226.86
30
56,819 M CPRT 14.28% $51.60 $58.97
31
39,621 M BKR 14.14% $35.08 $40.04
32
56,509 M PCAR 13.44% $95.01 $107.78
33
256,108 M TMUS 13.39% $194.63 $220.69
34
38,130 M XEL 12.73% $58.90 $66.40
35
42,766 M FAST 12.04% $66.63 $74.65
36
1,507,599 M META 11.14% $537.33 $597.19
37
3,749,480 M AAPL 10.38% $224.72 $248.05
38
123,864 M PANW 9.98% $171.64 $188.76
39
428,289 M COST 9.96% $877.35 $964.74
40
70,728 M ORLY 9.79% $1,115.89 $1,225.14
41
50,124 M MNST 9.68% $46.99 $51.54
42
187,518 M ISRG 9.64% $480.17 $526.47
43
117,551 M ADP 9.42% $263.66 $288.50
44
48,896 M PAYX 7.98% $125.82 $135.86
45
82,619 M CDNS 7.54% $280.12 $301.24
46
79,683 M ABNB 7.28% $118.88 $127.54
47
82,430 M CTAS 6.49% $191.94 $204.39
48
3,157,006 M NVDA 4.92% $122.86 $128.91
49
143,525 M ARM 4.69% $130.44 $136.56
50
21,257 M ILMN 4.06% $128.80 $134.03
51
29,396 M DXCM 4.01% $72.36 $75.26
52
3,251,943 M MSFT 3.89% $421.03 $437.39
53
38,803 M CTSH 3.70% $75.47 $78.26
54
38,912 M VRSK 3.54% $266.14 $275.56
55
29,182 M ANSS 2.68% $325.00 $333.70
56
39,320 M EA 1.96% $147.04 $149.92
57
50,939 M CHTR 1.78% $352.01 $358.26
58
18,816 M MDB 1.45% $249.05 $252.67
59
49,027 M ROST 0.54% $147.80 $148.60
60
181,893 M INTU -0.36% $652.14 $649.81
61
34,797 M CCEP -1.68% $76.78 $75.49
62
28,492 M ZS -2.44% $190.34 $185.69
63
36,737 M EXC -2.51% $37.50 $36.56
64
40,942 M ODFL -2.72% $197.14 $191.77
65
115,749 M MU -2.85% $106.95 $103.90
66
56,480 M ROP -3.63% $546.57 $526.72
67
144,873 M CMCSA -4.20% $39.52 $37.86
68
61,864 M CSX -4.61% $33.63 $32.08
69
29,013 M CSGP -5.07% $74.55 $70.77
70
115,244 M VRTX -5.19% $472.00 $447.50
71
101,929 M SBUX -5.25% $94.88 $89.90
72
48,416 M AEP -5.85% $96.56 $90.91
73
23,427 M GFS -6.69% $45.43 $42.39
74
83,241 M INTC -6.72% $20.69 $19.30
75
103,116 M ADI -7.11% $223.67 $207.77
76
201,067 M LIN -7.43% $456.14 $422.27
77
44,125 M KDP -7.93% $35.33 $32.53
78
168,760 M TXN -8.38% $201.93 $185.00
79
35,220 M GEHC -9.62% $85.30 $77.09
80
76,198 M SNPS -9.82% $548.28 $494.43
81
211,876 M PEP -10.49% $172.52 $154.43
82
36,638 M KHC -11.38% $34.19 $30.30
83
170,039 M QCOM -11.71% $173.34 $153.05
84
87,016 M MELI -14.03% $1,996.44 $1,716.38
85
27,647 M ON -14.43% $75.88 $64.93
86
80,258 M MDLZ -14.60% $70.28 $60.02
87
33,635 M IDXX -15.40% $485.52 $410.76
88
96,759 M LRCX -15.52% $89.01 $75.20
89
53,446 M NXPI -16.96% $253.25 $210.29
90
197,025 M AMD -17.61% $147.36 $121.41
91
194,265 M ADBE -20.36% $554.16 $441.31
92
139,103 M AMGN -20.47% $325.39 $258.78
93
45,574 M FANG -20.60% $196.58 $156.08
94
134,624 M AMAT -21.89% $211.83 $165.45
95
282,904 M ASML -22.49% $928.25 $719.49
96
22,853 M CDW -22.71% $221.87 $171.49
97
200,425 M AZN -23.86% $84.90 $64.64
98
84,372 M KLAC -24.57% $836.19 $630.77
99
21,390 M BIIB -27.20% $201.63 $146.79
100
140,752 M PDD -30.14% $145.08 $101.35
101
30,148 M MCHP -30.95% $81.30 $56.14
102
78,529 M REGN -39.20% $1,175.33 $714.62
103
18,873 M SMCI -48.57% $62.67 $32.23
104
14,762 M MRNA -55.71% $86.62 $38.36

Subscribe to Raincheck Fund

Don’t miss out on the latest posts. Sign up now to get access to the library of members-only posts.
jamie@example.com
Subscribe