Chart we Am Watching Going In The Afternoon (QQQ)
No this is not a chart of the Q’s and is a chart of the nasdaq futures. The nasdaq in my opinion has been the front runner of the latest 100 handle move in Spoos.
The Russell has been strong though that group of stocks still plays follow the leader, the russell is for stock pickers. The overnight high of the spoos 1313.75 was taken out like it was nothing, we traded as high as 1320. The high for the nasdaq is 2359.
If you are not into picking stocks and want to just ride the QE wave trade the index’s and save yourself a whole heaping pile of shit when and if this market turns around individual stocks will wither and fall together even though they traded higher on their own.