$QQEW Inverse head n shoulders NASDAQ:QQEW Inverse head n shoulders ready to break out. it needs to consolidate next week before it can break out. equal weight nasdaq 100
Key stats
About First Trust NASDAQ-100 Equal Weighted Index Fund
Home page
Inception date
Apr 19, 2006
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
QQEW provides equal-weighted exposure to the NASDAQ 100, a tech-focused index that comprises 100 of the largest domestic and international non-financial companies listed on the NASDAQ Stock Market based on market capitalization. The index invests in companies across various non-financial sectors and rebalances quarterly to provide equal allocation to all constituents without any sector and cap biases. Overall, QQEW is a reasonable way to approach the NASDAQ 100 for investors wanting a purer exposure to the non-financial space with less concentration.
Classification
What's in the fund
Exposure type
Technology Services
Electronic Technology
Stock breakdown by region
Top 10 holdings
$spy $qqew has reached euphoria and blow off topWhy would you buy stocks here? Insane. Good luck with that.
Market Leaders Don't MatterNews is coming out how the top 5 stocks are responsible for the majority of the gains in the market.
Well.... so what?
This is the QQEW, an equal weighted index of the Nasdaq 100.
It's also near highs.
Saying "OH GOD AMAZON AND FACEBOOK ARE UP SO MUCH" isn't a reason to be aggressively short the
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Neutral
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Neutral
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Summary
Neutral
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Moving Averages
Neutral
SellBuy
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Moving Averages
Neutral
SellBuy
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Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.