Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

Will the QQQ Swing into Gear?

by December 2, 2022
December 2, 2022
Will the QQQ Swing into Gear?

Mega-Cap Growth stocks have led the stock market weakness on the way down in 2022. They have also lagged during the 4th quarter rally. This weakness has been a drag on major stock indexes such as the S&P 500 and the NASDAQ Composite. With the recent rally phase well underway could the Mega-Cap Growth stocks be preparing to play catchup with a bout of outperformance? The Mega-Cap Stocks have immense capitalization weighting in the major stock indexes. If they shake off their underperforming ways, even temporarily, it could put stock indexes into hyperdrive. We turn to a Swing Trading PnF case study of the QQQ ETF to determine if a ‘Cause’ has formed for a rally and the upward potential of that advance.

Chart Notes:

A potential Swing Trading Accumulation Structure back to September for QQQ.QQQ Mega-Cap stocks have been a performance drag on major stock indexes during 2022.Relative Strength downtrend for the current quarter and the year illustrates the weakness.Relative Strength downtrend since August is attempting to reverse upward.QQQ is now in a Backup position with low volatility and diminished volume.The Overhead Supply trendline is immediately above and is important resistance.

Point & Figure Chart Notes:

Swing PnF count (yellow shading) has price objectives near the August highs.A rise to this level would exceed the overhead Supply Line and the 200 d.m.a.

Better participation from these all-important mega-cap stocks would be a boost to the stock indexes, at least temporarily. A Swing PnF accumulation count appears nearly complete.  This is a very important juncture on the charts, and we should monitor developments closely.

All the Best,

Bruce

@rdwyckoff

Announcement:

Best of Wyckoff Workshop. December 15, 2022, 9am to 12:30pm ET

This complimentary event is generously sponsored by the International Federation of Technical Analysts

To learn more and to register (click here)

Presenters and Topics:

Alessio Rutigiano, Navigating the Crypto MarketFantz Herr, Improve Your Trading Results with Post-Trade AnalysisJohn ‘Johniscan’ Colucci, Scanning for Wyckoff SetupsWilliam Reardon & Roman Bogomazov, Live Trading Session (Wyckoff Tape Reading)Roman Bogomazov & Bruce Fraser, Wyckoff Market Discussion. A Wyckoff review of current markets

To learn more and to register (click here)

0
FacebookTwitterGoogle +Pinterest
previous post
DEVELOPING: Elon Musk will Publish Reason Twitter Suppressed Hunter Biden Laptop Story Today at 5 PM ET
next post
“The Order Reads Like The Judge Wants To Deter Not Bad Faith Cases But Electoral Challenges” – Kari Lake Responds To Corrupt Obama-Appointed Judge’s Sanctions Against Her

You may also like

Will the S&P 500 Push Above 4600 Before...

December 9, 2023

Economic Modern Family: More to Prove to Traders

February 13, 2023

What a Difference a Day Makes

October 15, 2022

Find Aggressive Entry Opportunities & Tradeable Trends with...

December 14, 2023

Weekend Daily: Don’t Be Afraid of the Fed;...

October 8, 2022

The Yin and the Yang of the Stock...

May 19, 2023

Going, Going, Gone: End of Week Themes with...

January 14, 2023

Markets Ready to Rock & Roll!

August 1, 2022

Breadth Divergence Continues

May 26, 2023

Investment Portfolio Feeling Stagnant? Transform Your Path Today

May 9, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025
    • Tech ETFs are Leading Since April, but Another Group is Leading YTD

      June 7, 2025
    • TIMELINE: Inside the evolving relationship between Trump and Musk from first term to this week’s fallout

      June 7, 2025
    • Deadly drone wars are already here and the US is horribly unprepared

      June 7, 2025
    • Week Ahead: NIFTY’s Behavior Against This Level Crucial As The Index Looks At Potential Resumption Of An Upmove

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,564)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved