Market Summary

The first chart below is of the QLD which is the double leveraged ETF that follows the QQQQ which is itself an ETF that follows the Nasdaq 100 Index. As can be seen the price action is very bullish. Note a hammer formation on Fridays candlestick and a similar hammer formation that occurred on September 28 followed by four red candlesticks which found support on the 20 day moving average (blue line). Click on chart to enlarge.

The table below lists the ETFs that I track showing QLD to be the leading ETF so far this year and for the week. Click on table to enlarge.