Chart Request - QQQQ

A Rebel Trader member has requested information on the QQQQ.

The Q's as they are conveniently called is a fund which is tied to the performance of the Nasdaq-100 index. The QQQQ can be purchased and sold just like a stock. It can be shorted (no uptick requirement), day traded, swing traded, or long term buy and hold.

An ETF is independent of trading volume. Where as the amount of volume shown for an ETF such as the case here with the QQQQ is only a representation of trading activity. It in no way controls the movement of price. The price is a representation of the Nasdaq-100 index. For a list of the companies that the QQQQ indexes to see this link: Powershares QQQQ

Performing technical analysis on the QQQQ is much the same as any other stock. However formulas that utilize volume in their calculations will not be reliable. But support and resistance along with trends are still valid tools for evaluating the ETF.

Currently the QQQQ is trading at new highs. Shorting the QQQQ is a matter of examining the broader market for signs of a top, or by examining the major holdings that make up the QQQQ for signs of individual stock performance and if they are working on a rollover and a new down trend.