649bruno
Long

QTEC: NASDAQ 100 High-Tech In Strong Up-Trend

NASDAQ:QTEC   FIRST TRUST NASDAQ-100 TECHNOLOGY SECTOR INDEX FUND
8 0 3
Want growth?
QTEC-seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ-100 Technology Sector Index . The fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the index . The index is an equal-weighted index based on the securities of the NASDAQ-100 Index (R) that are classified as "technology" according to the Industry Classification Benchmark classification system.
Let's look at my TRADE-MAP approach:
TRADE = 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
.....MAP = 6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance.
When I mention "Don's Top Ten Technicals", I use the elements of the "TRADE-MAP" approach:
1. The Ichimoku Cloud is rising as well as the 89 day moving average . 2. Prices have risen FAR above the cloud. 3. Prices are trading above the thick red Ichimoku Cloud Conversion line.
4. The thick red conversion line is also rising. 5. The thick black line is the Ki jun-Sen baseline of the Ichimoku Cloud , which is rising and above the cloud.
6. The indicator on the top of the page is RSI / Stochastic , and this is strong. 7. The top middle indicator is vortex and it is strong (green over red). 8. The Top (bar-type) indicator measures the "phase energy" of the stock , and this is STRONG. ABOVE THE ZERO LINE, indicating buying pressure. 9. The green fractal arrows are up (not shown).
10. Look to the far right on the chart, around $47.00. You will note a yellowish line on top (lips), with black dots below (teeth), and a blue line (jaw) below the black dots. Now, all three are rising. This is where I ask you to use your imagination and envision these three items as the "separated jaws of a feeding alligator". This is a positive indication because the alligator is FEEDING in the uptrend.
This is a very solid ETF-with a strong uptrend.
My advice is to accumulate on weakness. Remember: The trend is your friend.

Good luck to you. Don.
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