Rochester,NY 8/19/2009 1:06:25 AM
PowerShares QQQ. QQQQ If The NASDAQ Never Drops
PowerShares QQQ.
While a market can go from a mega-bear market to a mega-bull market, steady rises become the usual. But when you see an 11 day consecutive rise and then a gain ‘again’ that would make a twelfth consecutive day rally in an index, this becomes very much out of the norm regardless of what kind of market and economy you are in.
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That is the case for the NASDAQ, and ditto for the NASDAQ 100 measured by the PowerShares QQQ (NASDAQ: QQQQ) ETF. We have seen a steady rise in the S&P 500 in the same period, but the SPDRs (NYSE: SPY) does not have the exact same number of consecutive winning days.
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