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Chart of the Week:
NASDAQ 100 Feb 8, 2002


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The NASDAQ-100 Index has continued in a declining trend over the past week. The volume for the NASDAQ 100 index shows us that this decline cannot last much longer, as over the past week there has been a tremendous amount of volume on the buying side trying to support the index. By comparing the NASDAQ's price/volume relationship with that of the NYSE's, one can see that there is a lot of support at this level. Although, the volume at the end of today's market may suggest that the index will try to re-check it's support level.

Our institutional investor made the above trades based on our volume signals. For the buy points 1 through 7 he made decisions to buy based on the fact that the NASDAQ-100 Index had been on an declining trend; therefore, he made a decision to purchase just after the volume moving average (VMA) had begun to fall off. For the sell points 1, 2, and 3 he based his selling decision on the same reasoning he made his purchasing decisions. On all the sell points he waited until the VMA began to decline in order to confirm that a sell order should be placed. For the sell point 4, 5 our institutional investor decided to sell his last four purchases as the end of day volume signaled that there was a possibility for the market to go down Monday morning. Since there may be a good chance that the market will go up rather than, or after checking it's support level, our investor decided to hold his purchases for points 6 & 7 until Monday.

 


Based on MarketVolume's analysis, our professional investor was able to make the following returns:

Security Return
ETFs (QQQ) 4%
Options (NDX March)    28%
Futures (ND March) 34%

We welcome any questions or comments from our customers regarding this chart of the week.


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2002
Date Indicator
December 30, 2002 NASDAQ 100
December 19, 2002 S&P 500 (SPX)
December 10, 2002 NASDAQ 100 Index
November 27, 2002 NASDAQ 100
November 20, 2002 NASDAQ 100 (NDX)
November 13, 2002 NASDAQ 100
November 6, 2002 S&P 500 (SPX)
November 1, 2002 NDX
October 25, 2002 S&P 500 (SPX)
September 25, 2002 NASDAQ 100
September 18, 2002 SPX
September 6, 2002 S&P 500 (SPX)
August 21 2002 NASDAQ 100 (NDX)
August 14 2002 S&P 500 (SPX)
August 7, 2002 S&P 500 (SPX)
July 31, 2002 NDX
July 24, 2002 NASDAQ 100 (NDX)
July 17, 2002 NASDAQ 100 (QQQQ)
July 10, 2002 S&P 500 (SPX)
June 26, 2002 QQQQ
June 14, 2002 S&P 500
June 12, 2002 QQQQ
June 5, 2002 S&P 500 Trading
May 31, 2002 S&P 500
May 29, 2002 NASDAQ 100 (QQQQ)
May 22, 2002 QQQQ
May 17, 2002 S&P 500
May 15, 2002 QQQQ
May 8, 2002 S&P 500 (SPX)
May 3, 2002 NASDAQ 100
May 1, 2002 NASDAQ 100 (QQQQ)
April 28, 2002 NASDAQ 100 index
April 22, 20022 NASDAQ 100
April 3, 2002 S&P 500
February 25, 2002 S&P 500
February 8, 2002 NDX
January 30, 2002 NASDAQ 100

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