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Chapter X: Technical Analysis discovers the range of moods of investors toward QQQQ.


Sentiment Analysis based on Historical Prices and Volumes of QQQQ common stock.



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Week-end Altitude of PowerShares QQQ Trust, Series 1

A well known sentiment indicator is the NVI or Negative Volume Index for PowerShares QQQ Trust, Series 1. This modern version makes use of several enhancements suggested by Norman Fosback. The plot is the proportion of the daily NVI as compared to the past year's average daily NVI. The plot is orange below the unity line (neutral implication) and green above (bullish).





How to read the Calibrated NVI for PowerShares QQQ Trust, Series 1:

In its modern form, the NVI is an elegant indicator, but requires some care in interpretation. The orange plot (NVI less than unity) is not considered bearish because a lowering of the NVI is a natural tendancy under many market conditions. When the plot is in the green area, it indicates that prices are rising on low volume sessions, which is contrary to the normal condition. This can be a tip off to "accumulation behaviour" on the part of someone or some group in the market. The indicator seems most significant when prices are falling and the NVI is rising, which indicates a market that is "buying on the dips".




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Negative Volume Index (Fosback NVI) of PowerShares QQQ Trust, Series 1

The NVI resembles a fundamental indicator more than a technical indicator in at least one respect, as it seems to be indicative over a span of months or quarters, rather then the extremely short predictive span typical of many technical signals. This chart for PowerShares QQQ Trust, Series 1 covers the few years before the start of the chart at the top of the page.




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Weekly Average Closing Altitude of PowerShares QQQ Trust, Series 1

Values above the midline indicate that day traders have positive feelings toward QQQQ while traces below the midline are a sign that speculators are afraid to hold on to the issue overnight. PowerShares QQQ Trust, Series 1 stock prices are shown in red.






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QQQQ: Daily Up Volume vs Down Volume

Here the blue indicates the proportion between Up Volume and Down Volume. Again, the horizontal blue line represents the neutral point. PowerShares QQQ Trust, Series 1 share prices are overlaid in red. This is an important indicator for market timing, as a change in direction of the volume line may happen before the price turns.




For Clients: More Market Sentiment Analysis of PowerShares QQQ Trust, Series 1

Influence of Investor Sentiment on QQQQ stock prices. Also, roadmap and Summary of most effective indicators:

Public Pages : More QQQQ Technical Analysis Chalk-Talk Subjects

QQQQ Price Forecasts

QQQQ Traditional Time Series Analysis

Momentum Investing

Multi-Spectral Analysis

Political Season Trends QQQQ

QQQQ Transaction Volume Trends

QQQQ Analysis of Short Term and Long Term Risk

QQQQ Calendar Seasonality

Back to QQQQ Index Page


Associates of Hybrid Technical may hold positions in issues covered here. Material in publicly viewable areas has been been delayed. These reports are not to be used for stock-picking or investment decision support. Any such use is strictly prohibited.


We do not recommend the purchase or sale of this or any other issue. Research shows that most people who invest in common stock will lose money. We do not advocate speculation in mutual funds or index funds. Pages on this site are for entertainment and academic purposes only. Charts and concepts are property of Hybrid Technical. All Rights Reserved. Content is Copyright 2010 by Hybrid Technical




Next Chapter 1:

The Classical Analysis of Time Series establishes a good starting point in the analysis, and provides a high vantage point for viewing patterns of behaviour in the prices over the entire history of PowerShares QQQ Trust, Series 1.


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