Jan. 3rd 2025
Uptrend continues to degrade
Market Signal: +3 NEUTRAL/WEAK BULLISH
The current uptrend continues to degrade. Following Christmas, the NASDAQ-100 (QQQ) faced 5 straight days of losses. The Santa Claus rally did not materialize.
The Market Signal is fighting to stay above 0; it seems like the current uptrend is on its last leg, but only time will tell.
📉
NASDAQ-100 52-week lows
PepsiCo Inc. (
PepsiCo Inc. (
PEP) and Adobe Inc. (ADBE) closed at 52-week lows, while zero NASDAQ-100 holdings closed at 52-week highs. - A lack of new highs (see above) demonstrates a lack of strength in the market
- A Market Signal value of
+3is a neutral to weak bullish indication, another indication of lacking strength QQQandTQQQhave given back -3.63% and -14.08% in the 11 trading days since the pullback on Dec. 18th. This is a stark contrast to the +6.82% and +21.54% returns over the 20 consecutive days ofSTRONG BULLISHMarket Signal from Nov. 20th 2024 to Dec. 17th 2024.
On the weekly chart, QQQ appears to have found some support at $515.58 (a key level mentioned in prior posts), however, as mentioned before, if this level is not held, the uptrend will likely end.
QQQ finding support at 515.68📈98th day of uptrend
Day 📈1 of current uptrend occurred on Aug. 15 2024.
QQQ+9.31% since start of current uptrendTQQQ+20.36% 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 |
|
90
|
3 | 📈89 | $514.17 | 8.38% | $80.93 | 18.22% | Thu 12/19/24 |
|
91
|
4 | 📈90 | $518.66 | 9.33% | $83.03 | 21.28% | Fri 12/20/24 |
|
92
|
4 | 📈91 | $522.87 | 10.21% | $85.06 | 24.25% | Mon 12/23/24 |
|
93
|
5 | 📈92 | $529.96 | 11.71% | $88.44 | 29.18% | Tue 12/24/24 |
|
94
|
5 | 📈93 | $529.60 | 11.63% | $88.25 | 28.91% | Thu 12/26/24 |
|
95
|
4 | 📈94 | $522.56 | 10.15% | $84.66 | 23.66% | Fri 12/27/24 |
|
96
|
3 | 📈95 | $515.61 | 8.68% | $81.26 | 18.70% | Mon 12/30/24 |
|
97
|
2 | 📈96 | $511.23 | 7.76% | $79.13 | 15.59% | Tue 12/31/24 |
|
98
|
2 | 📈97 | $510.23 | 7.55% | $78.63 | 14.86% | Thu 1/2/25 |
|
99
|
3 | 📈98 | $518.58 | 9.31% | $82.40 | 20.36% | Fri 1/3/25 |
Market Signal, Trend Count, closing prices, and return (%) over current uptrend
TQQQ vs QQQ Holdings
TQQQ is outperforming 75% of QQQ holdings since day 📈1 of current uptrend (Aug. 15 2024).
| A | B | C | D | E | |
|---|---|---|---|---|---|
|
1
|
Market Cap | Symbol | %Chg since 📈1 | Close on 📈1 | Close |
|
2
|
188,115 M | QQQ | 9.31% | $474.42 | $518.58 |
|
3
|
117,675 M | APP | 309.73% | $85.58 | $350.65 |
|
4
|
83,373 M | MSTR | 157.45% | $131.93 | $339.66 |
|
5
|
181,991 M | PLTR | 155.89% | $31.22 | $79.89 |
|
6
|
1,317,537 M | TSLA | 91.67% | $214.14 | $410.44 |
|
7
|
102,261 M | MRVL | 70.46% | $69.33 | $118.18 |
|
8
|
65,179 M | TEAM | 70.45% | $146.83 | $250.27 |
|
9
|
45,834 M | AXON | 60.84% | $373.69 | $601.06 |
|
10
|
46,056 M | LULU | 47.41% | $256.55 | $378.18 |
|
11
|
25,930 M | WBD | 45.99% | $7.24 | $10.57 |
|
12
|
1,090,045 M | AVGO | 39.98% | $166.13 | $232.55 |
|
13
|
88,431 M | CRWD | 37.82% | $260.49 | $359.02 |
|
14
|
162,301 M | BKNG | 34.92% | $3,634.67 | $4,903.85 |
|
15
|
72,678 M | DASH | 34.29% | $130.29 | $174.96 |
|
16
|
376,612 M | NFLX | 32.84% | $663.22 | $881.05 |
|
17
|
74,706 M | FTNT | 32.79% | $73.40 | $97.47 |
|
18
|
78,942 M | CEG | 32.57% | $190.39 | $252.40 |
|
19
|
33,150 M | TTWO | 28.95% | $146.38 | $188.75 |
|
20
|
87,822 M | PYPL | 28.94% | $67.94 | $87.60 |
|
21
|
2,357,360 M | AMZN | 26.24% | $177.59 | $224.19 |
|
22
|
49,202 M | DDOG | 24.50% | $116.33 | $144.83 |
|
23
|
76,499 M | MAR | 24.06% | $221.90 | $275.28 |
|
24
|
113,921 M | GILD | 22.96% | $74.34 | $91.41 |
|
25
|
42,213 M | BKR | 21.61% | $35.08 | $42.66 |
|
26
|
234,425 M | CSCO | 21.29% | $48.53 | $58.86 |
|
27
|
60,137 M | TTD | 21.23% | $100.50 | $121.84 |
|
28
|
42,016 M | TQQQ | 20.36% | $68.46 | $82.40 |
|
29
|
2,347,701 M | GOOGL | 18.90% | $161.30 | $191.79 |
|
30
|
2,364,104 M | GOOG | 18.36% | $163.17 | $193.13 |
|
31
|
3,538,070 M | NVDA | 17.59% | $122.86 | $144.47 |
|
32
|
63,372 M | ADSK | 17.53% | $250.21 | $294.06 |
|
33
|
84,788 M | ABNB | 14.16% | $118.88 | $135.71 |
|
34
|
147,294 M | HON | 14.14% | $198.46 | $226.52 |
|
35
|
54,999 M | PCAR | 14.01% | $92.01 | $104.90 |
|
36
|
38,296 M | XEL | 13.23% | $58.90 | $66.69 |
|
37
|
254,274 M | TMUS | 12.58% | $194.63 | $219.11 |
|
38
|
1,526,382 M | META | 12.52% | $537.33 | $604.63 |
|
39
|
31,666 M | DXCM | 12.04% | $72.36 | $81.07 |
|
40
|
50,950 M | MNST | 11.49% | $46.99 | $52.39 |
|
41
|
190,661 M | ISRG | 11.48% | $480.17 | $535.30 |
|
42
|
50,290 M | PAYX | 11.01% | $125.82 | $139.67 |
|
43
|
118,851 M | ADP | 10.63% | $263.66 | $291.69 |
|
44
|
54,834 M | CPRT | 10.29% | $51.60 | $56.91 |
|
45
|
67,255 M | WDAY | 9.19% | $231.56 | $252.84 |
|
46
|
83,338 M | CDNS | 8.47% | $280.12 | $303.86 |
|
47
|
3,678,587 M | AAPL | 8.29% | $224.72 | $243.36 |
|
48
|
148,275 M | ARM | 8.16% | $130.44 | $141.08 |
|
49
|
69,520 M | ORLY | 7.92% | $1,115.89 | $1,204.22 |
|
50
|
41,070 M | FAST | 7.59% | $66.63 | $71.69 |
|
51
|
120,249 M | PANW | 6.77% | $171.64 | $183.25 |
|
52
|
406,869 M | COST | 4.47% | $877.35 | $916.58 |
|
53
|
50,892 M | ROST | 4.36% | $147.80 | $154.25 |
|
54
|
29,591 M | ANSS | 4.12% | $325.00 | $338.38 |
|
55
|
39,014 M | VRSK | 3.81% | $266.14 | $276.28 |
|
56
|
50,952 M | CHTR | 1.80% | $352.01 | $358.35 |
|
57
|
38,234 M | EXC | 1.47% | $37.50 | $38.05 |
|
58
|
37,871 M | CTSH | 1.21% | $75.47 | $76.38 |
|
59
|
3,147,557 M | MSFT | 0.55% | $421.03 | $423.35 |
|
60
|
38,368 M | EA | -0.51% | $147.04 | $146.29 |
|
61
|
88,675 M | INTC | -0.63% | $20.69 | $20.56 |
|
62
|
35,101 M | CCEP | -0.82% | $76.78 | $76.15 |
|
63
|
19,744 M | MDB | -1.07% | $249.05 | $246.39 |
|
64
|
28,515 M | ZS | -2.36% | $190.34 | $185.84 |
|
65
|
104,967 M | SBUX | -2.42% | $94.88 | $92.58 |
|
66
|
29,620 M | CSGP | -3.09% | $74.55 | $72.25 |
|
67
|
74,990 M | CTAS | -3.17% | $191.94 | $185.85 |
|
68
|
176,412 M | INTU | -3.36% | $652.14 | $630.23 |
|
69
|
106,887 M | ADI | -3.71% | $223.67 | $215.37 |
|
70
|
62,365 M | CSX | -3.84% | $33.63 | $32.34 |
|
71
|
49,023 M | AEP | -4.67% | $96.56 | $92.05 |
|
72
|
144,146 M | CMCSA | -4.68% | $39.52 | $37.67 |
|
73
|
23,864 M | GFS | -4.95% | $45.43 | $43.18 |
|
74
|
36,787 M | GEHC | -5.60% | $85.30 | $80.52 |
|
75
|
173,786 M | TXN | -5.66% | $201.93 | $190.51 |
|
76
|
55,184 M | ROP | -5.84% | $546.57 | $514.64 |
|
77
|
92,988 M | MELI | -8.13% | $1,996.44 | $1,834.17 |
|
78
|
38,624 M | ODFL | -8.23% | $197.14 | $180.91 |
|
79
|
175,349 M | QCOM | -8.95% | $173.34 | $157.83 |
|
80
|
196,891 M | LIN | -9.35% | $456.14 | $413.50 |
|
81
|
76,317 M | SNPS | -9.95% | $548.28 | $493.71 |
|
82
|
37,013 M | KHC | -10.47% | $34.19 | $30.61 |
|
83
|
42,783 M | KDP | -10.73% | $35.33 | $31.54 |
|
84
|
49,918 M | FANG | -13.03% | $196.58 | $170.96 |
|
85
|
205,318 M | PEP | -13.26% | $172.52 | $149.65 |
|
86
|
104,843 M | VRTX | -13.75% | $472.00 | $407.11 |
|
87
|
34,026 M | IDXX | -14.42% | $485.52 | $415.53 |
|
88
|
80,044 M | MDLZ | -14.83% | $70.28 | $59.86 |
|
89
|
203,451 M | AMD | -14.92% | $147.36 | $125.37 |
|
90
|
96,643 M | LRCX | -15.62% | $89.01 | $75.11 |
|
91
|
27,213 M | ON | -15.77% | $75.88 | $63.91 |
|
92
|
100,131 M | MU | -15.97% | $106.95 | $89.87 |
|
93
|
53,083 M | NXPI | -17.53% | $253.25 | $208.86 |
|
94
|
138,375 M | AMAT | -19.72% | $211.83 | $170.06 |
|
95
|
140,414 M | AMGN | -19.72% | $325.39 | $261.22 |
|
96
|
87,882 M | KLAC | -21.43% | $836.19 | $657.01 |
|
97
|
23,219 M | CDW | -21.47% | $221.87 | $174.23 |
|
98
|
205,447 M | AZN | -21.97% | $84.90 | $66.25 |
|
99
|
189,537 M | ADBE | -22.30% | $554.16 | $430.57 |
|
100
|
280,886 M | ASML | -23.04% | $928.25 | $714.36 |
|
101
|
22,180 M | BIIB | -24.51% | $201.63 | $152.21 |
|
102
|
30,969 M | MCHP | -29.07% | $81.30 | $57.67 |
|
103
|
134,461 M | PDD | -33.26% | $145.08 | $96.82 |
|
104
|
78,917 M | REGN | -38.90% | $1,175.33 | $718.15 |
💵
Market Signal Retrospective
Had one bought TQQQ after market close on the first day of the current uptrend (Aug. 15 2024) and held till now - the position would be up +20.36% and be outperforming beating 75% of NASDAQ-100 holdings, including all of the Magnificent 7 besides TSLA and AMZN.
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