QQQ has been outperforming the S&P 500 for nearly two months but now the Nasdaq-100 ETF is starting to lag the market in what could be an important emerging trend. This mornings down open on the Nasdaq-100 has printed an island reversal on the chart, far from bullish bearing in mind that the index made a new decade high yesterday. This area has been leading strongly on a relative basis since late July but this fresh weakness raises a red flag, said Investors Intelligence technical analyst Tarquin Coe. The Powershares QQQ ETF also shows a bearish momentum divergence with yesterdays high and todays slide. With the relative uptrend off the July low now broken, the weakness is not going to be short-lived, he wrote in a newsletter Wednesday. QQQ was in the red Wednesday while the Dow and S&P 500 both traded higher.
energy boom, using midsized oil and gas pipeline operators as investment vehicles. Just last month, Global X Fundwith more than $2 billion of assets under managementlaunched the MLP & Energy Infrastructure ETF, a $16 million fund that has 35 different holdings in its portfolio. WisdomTree: ‘Future of asset management lies in the ETF industry’ Investors have put more than $100 billion into ETFs already this year, with nearly $9 billion going into one particular fundWisdomTree Japan. Jonathan Steinberg, of WisdonTree, provides an inside look into the ETF business.
Short Selling ETF Sends Up Red Flags on 3D Printing Leader
Benchmark measures in Poland and the Czech Republic added at least 0.5 percent, while Hungarian shares retreated for a fourth day. The Shanghai Composite Index rose 3.4 percent, the biggest gain since Dec. 14. Shanghai Pudong Development Bank (600000) jumped 10 percent as investors speculated lenders will resource be allowed to issue preferred shares to boost capital. Malaysias ringgit climbed 1.1 percent after Chinas trade data brightened the outlook for the exports. Thailands SET Index surged 3.6 percent, while the Jakarta Composite Index rallied 2.9 percent.
One more standout issue was that operating cash flow was $2 million in the latest quarter, down 63% year-over-year. To make matters worse, the grading for 3D Systems is actually the worst of the 1,002 companies currently in the group’s stock database of short-sell evaluations. Another point we would make is that the consensus analyst price target from Thomson Reuters is up at $55.00 per share. The bad news is that it could have some serious pain if any downward momentum can get going.