$QQQM a troubling pattern forming in the weekly chartNASDAQ:QQQM has generated large profits since December 2022 with the market clearly being in an uptrend. It is normal and expected that strong uptrends will follow with periods of sell-off where investors start closing their long positions to gather their profits.
However, when analysing the market
Key stats
About Invesco NASDAQ 100 ETF
Home page
Inception date
Oct 13, 2020
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
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
QQQM, also known as a smaller version of QQQ, invests in the largest domestic and international stocks listed on Nasdaq. QQQM reflects companies from all major sectors, except financial firms, as classified under the Industry Classification Benchmark. Eligible security types are traded stocks, tracking stocks, shares of beneficial interest, limited partnership interests, and ADRs. Holdings are weighted using a methodology that is a hybrid of equal and market-cap weighting. Under this methodology, each issuer is capped at 24% weight. In comparison, QQQM is marketed towards buy and hold investors and QQQ may be preferred for trading purposes. The index is rebalanced quarterly and reconstituted annually.
Classification
What's in the fund
Exposure type
Technology Services
Electronic Technology
Retail Trade
Stock breakdown by region
Nasdaq 100 ETF (QQQM) technical outlook 5/12/2022
Nasdaq 100 ETF continues to trend upwards with lower highs and higher highs, a major challenge ahead at 121.88
Thursday's price action failed to break 118.68 in the daily time frame, a crucial point (critical support/resistance) in June, July, and September 2022, as marked on the chart.
Price clo
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Index Fund : On top of your DCA investment method.This is just a top-up strategy for your Dollar Cost Averaging investment strategy.. when the index fund corrects 7%.. you buy. When it goes further down to 10%.. you buy.. When it goes further down to 15%.. you buy.. and so on. You get the point.
More often than not, these corrections begets anothe
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.