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 📉.
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.
📉
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%
📈89th day of uptrend
Day 📈1 of current uptrend occurred on Aug. 15 2024.
QQQ+8.86% since start of current uptrendTQQQ+19.91% since start of current uptrend
| A | B | C | D | E | F | G | |
|---|---|---|---|---|---|---|---|
|
1
|
Market Signal | Trend Count | QQQ Close | QQQ %chg since 📈1 | TQQQ close | TQQQ %chg since 📈1 | Date |
|
2
|
1 | 📈1 | $474.42 | 0.00% | $68.46 | 0.00% | Thu 8/15/24 |
|
3
|
3 | 📈2 | $475.02 | 0.13% | $68.64 | 0.26% | Fri 8/16/24 |
|
4
|
4 | 📈3 | $481.27 | 1.44% | $71.30 | 4.15% | Mon 8/19/24 |
|
5
|
3 | 📈4 | $480.26 | 1.23% | $70.86 | 3.51% | Tue 8/20/24 |
|
6
|
3 | 📈5 | $482.50 | 1.70% | $71.83 | 4.92% | Wed 8/21/24 |
|
7
|
7 | 📈6 | $474.85 | 0.09% | $68.38 | -0.12% | Thu 8/22/24 |
|
8
|
8 | 📈7 | $480.00 | 1.18% | $70.53 | 3.02% | Fri 8/23/24 |
|
9
|
7 | 📈8 | $475.34 | 0.19% | $68.46 | 0.00% | Mon 8/26/24 |
|
10
|
8 | 📈9 | $476.76 | 0.49% | $69.04 | 0.85% | Tue 8/27/24 |
|
11
|
5 | 📈10 | $471.35 | -0.65% | $66.70 | -2.57% | Wed 8/28/24 |
|
12
|
5 | 📈11 | $470.66 | -0.79% | $66.35 | -3.08% | Thu 8/29/24 |
|
13
|
7 | 📈12 | $476.27 | 0.39% | $68.61 | 0.22% | Fri 8/30/24 |
|
14
|
4 | 📈13 | $461.81 | -2.66% | $62.35 | -8.92% | Tue 9/3/24 |
|
15
|
2 | 📈14 | $460.61 | -2.91% | $61.82 | -9.70% | Wed 9/4/24 |
|
16
|
2 | 📈15 | $461.04 | -2.82% | $62.02 | -9.41% | Thu 9/5/24 |
|
17
|
1 | 📈16 | $448.69 | -5.42% | $56.99 | -16.75% | Fri 9/6/24 |
|
18
|
1 | 📈17 | $454.46 | -4.21% | $59.11 | -13.66% | Mon 9/9/24 |
|
19
|
1 | 📈18 | $458.66 | -3.32% | $60.70 | -11.34% | Tue 9/10/24 |
|
20
|
1 | 📈19 | $468.62 | -1.22% | $64.57 | -5.68% | Wed 9/11/24 |
|
21
|
5 | 📈20 | $473.22 | -0.25% | $66.48 | -2.89% | Thu 9/12/24 |
|
22
|
5 | 📈21 | $475.34 | 0.19% | $67.35 | -1.62% | Fri 9/13/24 |
|
23
|
1 | 📈22 | $473.24 | -0.25% | $66.45 | -2.94% | Mon 9/16/24 |
|
24
|
1 | 📈23 | $473.49 | -0.20% | $66.49 | -2.88% | Tue 9/17/24 |
|
25
|
3 | 📈24 | $471.44 | -0.63% | $65.62 | -4.15% | Wed 9/18/24 |
|
26
|
3 | 📈25 | $483.36 | 1.88% | $70.58 | 3.10% | Thu 9/19/24 |
|
27
|
7 | 📈26 | $482.44 | 1.69% | $70.13 | 2.44% | Fri 9/20/24 |
|
28
|
7 | 📈27 | $483.04 | 1.82% | $70.65 | 3.20% | Mon 9/23/24 |
|
29
|
7 | 📈28 | $485.37 | 2.31% | $71.65 | 4.66% | Tue 9/24/24 |
|
30
|
7 | 📈29 | $485.95 | 2.43% | $71.67 | 4.69% | Wed 9/25/24 |
|
31
|
7 | 📈30 | $489.47 | 3.17% | $73.19 | 6.91% | Thu 9/26/24 |
|
32
|
7 | 📈31 | $486.75 | 2.60% | $71.93 | 5.07% | Fri 9/27/24 |
|
33
|
7 | 📈32 | $488.07 | 2.88% | $72.49 | 5.89% | Mon 9/30/24 |
|
34
|
6 | 📈33 | $481.27 | 1.44% | $69.42 | 1.40% | Tue 10/1/24 |
|
35
|
6 | 📈34 | $481.95 | 1.59% | $69.68 | 1.78% | Wed 10/2/24 |
|
36
|
6 | 📈35 | $481.59 | 1.51% | $69.52 | 1.55% | Thu 10/3/24 |
|
37
|
7 | 📈36 | $487.32 | 2.72% | $71.97 | 5.13% | Fri 10/4/24 |
|
38
|
6 | 📈37 | $482.10 | 1.62% | $69.60 | 1.67% | Mon 10/7/24 |
|
39
|
7 | 📈38 | $489.30 | 3.14% | $72.62 | 6.08% | Tue 10/8/24 |
|
40
|
8 | 📈39 | $493.15 | 3.95% | $74.37 | 8.63% | Wed 10/9/24 |
|
41
|
8 | 📈40 | $492.59 | 3.83% | $74.11 | 8.25% | Thu 10/10/24 |
|
42
|
8 | 📈41 | $493.36 | 3.99% | $74.30 | 8.53% | Fri 10/11/24 |
|
43
|
8 | 📈42 | $497.50 | 4.86% | $76.20 | 11.31% | Mon 10/14/24 |
|
44
|
7 | 📈43 | $490.85 | 3.46% | $73.16 | 6.87% | Tue 10/15/24 |
|
45
|
8 | 📈44 | $490.91 | 3.48% | $73.12 | 6.81% | Wed 10/16/24 |
|
46
|
8 | 📈45 | $491.25 | 3.55% | $73.34 | 7.13% | Thu 10/17/24 |
|
47
|
7 | 📈46 | $494.47 | 4.23% | $74.64 | 9.03% | Fri 10/18/24 |
|
48
|
7 | 📈47 | $495.42 | 4.43% | $75.05 | 9.63% | Mon 10/21/24 |
|
49
|
7 | 📈48 | $495.96 | 4.54% | $75.27 | 9.95% | Tue 10/22/24 |
|
50
|
6 | 📈49 | $488.36 | 2.94% | $71.79 | 4.86% | Wed 10/23/24 |
|
51
|
6 | 📈50 | $492.32 | 3.77% | $71.79 | 4.86% | Thu 10/24/24 |
|
52
|
7 | 📈51 | $495.32 | 4.41% | $74.74 | 9.17% | Fri 10/25/24 |
|
53
|
7 | 📈52 | $495.40 | 4.42% | $74.81 | 9.28% | Mon 10/28/24 |
|
54
|
7 | 📈53 | $500.16 | 5.43% | $76.88 | 12.30% | Tue 10/29/24 |
|
55
|
7 | 📈54 | $496.47 | 4.65% | $75.14 | 9.76% | Wed 10/30/24 |
|
56
|
5 | 📈55 | $483.85 | 1.99% | $69.45 | 1.45% | Thu 10/31/24 |
|
57
|
3 | 📈56 | $487.43 | 2.74% | $70.97 | 3.67% | Fri 11/1/24 |
|
58
|
5 | 📈57 | $486.01 | 2.44% | $70.27 | 2.64% | Mon 11/4/24 |
|
59
|
7 | 📈58 | $492.21 | 3.75% | $72.94 | 6.54% | Tue 11/5/24 |
|
60
|
8 | 📈59 | $505.58 | 6.57% | $78.86 | 15.19% | Wed 11/6/24 |
|
61
|
8 | 📈60 | $513.54 | 8.25% | $82.55 | 20.58% | Thu 11/7/24 |
|
62
|
7 | 📈61 | $514.14 | 8.37% | $82.75 | 20.87% | Fri 11/8/24 |
|
63
|
8 | 📈62 | $513.84 | 8.31% | $82.60 | 20.65% | Mon 11/11/24 |
|
64
|
8 | 📈63 | $512.91 | 8.11% | $82.15 | 20.00% | Tue 11/12/24 |
|
65
|
8 | 📈64 | $512.25 | 7.97% | $81.79 | 19.47% | Wed 11/13/24 |
|
66
|
8 | 📈65 | $508.69 | 7.09% | $80.06 | 16.64% | Thu 11/14/24 |
|
67
|
5 | 📈66 | $496.57 | 4.67% | $74.27 | 8.49% | Fri 11/15/24 |
|
68
|
6 | 📈67 | $500.02 | 5.40% | $75.77 | 10.68% | Mon 11/18/24 |
|
69
|
6 | 📈68 | $503.46 | 6.12% | $77.29 | 12.90% | Tue 11/19/24 |
|
70
|
7 | 📈69 | $503.17 | 6.06% | $77.20 | 12.77% | Wed 11/20/24 |
|
71
|
7 | 📈70 | $504.98 | 6.44% | $77.96 | 13.88% | Thu 11/21/24 |
|
72
|
7 | 📈71 | $505.79 | 6.61% | $78.25 | 14.30% | Fri 11/22/24 |
|
73
|
8 | 📈72 | $506.59 | 6.78% | $78.61 | 14.83% | Mon 11/25/24 |
|
74
|
8 | 📈73 | $509.31 | 7.35% | $79.83 | 16.61% | Tue 11/26/24 |
|
75
|
7 | 📈74 | $505.30 | 6.51% | $77.90 | 13.79% | Wed 11/27/24 |
|
76
|
7 | 📈75 | $509.74 | 7.44% | $79.89 | 16.70% | Fri 11/29/24 |
|
77
|
8 | 📈76 | $515.29 | 8.61% | $82.48 | 20.48% | Mon 12/2/24 |
|
78
|
7 | 📈77 | $516.87 | 8.95% | $83.21 | 21.55% | Tue 12/3/24 |
|
79
|
8 | 📈78 | $523.26 | 10.29% | $86.25 | 25.99% | Wed 12/4/24 |
|
80
|
8 | 📈79 | $521.81 | 9.99% | $85.54 | 24.95% | Thu 12/5/24 |
|
81
|
8 | 📈80 | $526.48 | 10.97% | $87.74 | 28.16% | Fri 12/6/24 |
|
82
|
7 | 📈81 | $522.38 | 10.11% | $85.69 | 25.17% | Mon 12/9/24 |
|
83
|
7 | 📈82 | $520.60 | 9.73% | $84.76 | 23.81% | Tue 12/10/24 |
|
84
|
8 | 📈83 | $529.92 | 11.70% | $89.29 | 30.43% | Wed 12/11/24 |
|
85
|
7 | 📈84 | $526.50 | 10.98% | $87.52 | 27.84% | Thu 12/12/24 |
|
86
|
7 | 📈85 | $530.53 | 11.83% | $89.40 | 30.59% | Fri 12/13/24 |
|
87
|
7 | 📈86 | $538.17 | 13.44% | $93.29 | 36.27% | Mon 12/16/24 |
|
88
|
7 | 📈87 | $535.80 | 12.94% | $92.04 | 34.44% | Tue 12/17/24 |
|
89
|
3 | 📈88 | $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 📈1 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 📈1 | Close on 📈1 | 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 |