{"id":7002,"date":"2017-06-16T12:53:13","date_gmt":"2017-06-16T12:53:13","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=7002"},"modified":"2017-06-16T12:53:13","modified_gmt":"2017-06-16T12:53:13","slug":"nasdaq-and-the-50-day-moving-average","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=7002","title":{"rendered":"Nasdaq and the 50-Day Moving Average"},"content":{"rendered":"<p><a href=\"https:\/\/fundamentalis.com\/?attachment_id=7003\" rel=\"attachment wp-att-7003\">B.I.G._Tips_-_Nasdaq_100_Epic_Streak (1)<\/a><\/p>\n<p>With so much investment-related information data, available daily on a plethora of blogs, Twitter, not to mention the mainstream financial media, every week there is just an enormous amount of market-related data to sift through.<\/p>\n<p>The above chart and detail from Bespoke notes that a trade of the Nasdaq 100 historically has meant poor forward returns through the next three months.<\/p>\n<p>Here are the top 5 components of the QQQ and their respective market-cap weights in the key ETF:<\/p>\n<ul>\n<li>Apple: 11.5%<\/li>\n<li>Microsoft: +8%<\/li>\n<li>Amazon: 7%<\/li>\n<li>Facebook: 5.5%<\/li>\n<li>Google (C): 5%<\/li>\n<\/ul>\n<p>The top 5 stocks in the Q comprise 36% &#8211; 37% of the QQQ market cap, according to Morningstar data.<\/p>\n<p>Here is the daily QQQ chart from internal technical software, which shows a little more downside left for the Q&#8217;s to drop, before investors need to get nervous. However, note the red bar (indicates heavy volume on downside price action) which readers would like to see subside over the next week.<\/p>\n<p><a href=\"https:\/\/fundamentalis.com\/?attachment_id=7004\" rel=\"attachment wp-att-7004\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-7004\" src=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/QQQdailychart61617-300x169.png\" alt=\"\" width=\"300\" height=\"169\" srcset=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/QQQdailychart61617-300x169.png 300w, https:\/\/fundamentalis.com\/wp-content\/uploads\/QQQdailychart61617-768x432.png 768w, https:\/\/fundamentalis.com\/wp-content\/uploads\/QQQdailychart61617-1024x576.png 1024w, https:\/\/fundamentalis.com\/wp-content\/uploads\/QQQdailychart61617.png 1920w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Watch the 50-day moving average for the Nasdaq 100.<\/p>\n<p>The QQQE is an equal-weighted ETF that is still owned for clients, and eliminates that market cap concentration.<\/p>\n<p>An earnings update will be out later tonight or Saturday morning.<\/p>\n<p>Thanks for reading.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>B.I.G._Tips_-_Nasdaq_100_Epic_Streak (1) With so much investment-related information data, available daily on a plethora of blogs, Twitter, not to mention the&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[152,90,57,13,110,55,191,154],"tags":[192],"class_list":["post-7002","post","type-post","status-publish","format-standard","hentry","category-amazon","category-apple-aapl","category-facebook-fb","category-goog","category-googl","category-msft","category-qqq","category-qqqe","tag-nasdaq"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/7002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7002"}],"version-history":[{"count":2,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/7002\/revisions"}],"predecessor-version":[{"id":7006,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/7002\/revisions\/7006"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}