Last Update
5/22/2013
QLD
PROSHARES ULTRA QQQ ETF
SELL
Last Pattern: BEARISH DESCENDING HAWK
Last Close:
69.6500
Change:
-1.1300
Percent change
-1.60%
6 mo. Rating 2
$100⇨ 114.80
12 mo. Rating 4
$100⇨ 185.35
24 mo. Rating 3
$100⇨ 445.74
Signal Update
Our system’s recommendation today is to SELL. The BEARISH DESCENDING HAWK pattern finally received a confirmation because the prices crossed the confirmation level which was at 70.5300, and our valid average selling price stands now at 70.4600. The previous BUY recommendation was issued on 4/22/2013, 30 days ago, when the stock price was 60.1200. Since then QLD has risen by +17.20%.
Market Outlook
The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. The bearish pattern that was previously identified is finally confirmed and a SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet.


Intraday Module is ON. To follow the confirmation status, click here.
Candlestick Pattern Chart
The chart showing Series 1 series.
Pattern Description
This pattern is a small white body contained by a prior relatively long white body. It resembles the Harami pattern, except that both bodies are white. more...
Signal History
6 mo.
12 mo.
24 mo.
Date
Price
Signal
$100⇨
5/22/201370.4600SELL 445.74
4/22/201360.1200BUY 381.09
4/17/201360.4500SELL 381.85
4/11/201362.8900BUY 398.06
4/3/201360.4400SELL 398.86
3/27/201360.9819BUY 403.24
3/13/201360.7699SELL 404.05
2/27/201357.8050BUY 385.11
2/12/201359.4700SELL 385.88
2/8/201359.1100BUY 384.31
2/4/201357.7500SELL 385.08
2/1/201358.6860BUY 392.11
1/4/201357.7399SELL 392.90
1/2/201357.6099BUY 392.80
12/20/201256.2900SELL 393.59
12/11/201255.3100BUY 387.51
12/4/201255.3700SELL 388.29
11/19/201251.0600BUY 358.78
11/7/201254.4400SHORT 339.16
11/1/201255.2050BUY 345.31
10/18/201259.0950SHORT 325.28
10/15/201258.2000BUY 321.64
10/8/201260.7010SHORT 310.15
10/3/201261.3665BUY 314.81
9/25/201263.2135SELL 315.44
9/18/201263.1600BUY 315.80
9/10/201261.1700SELL 316.43
8/28/201260.2500BUY 312.30
8/23/201259.7500SELL 312.93
7/27/201252.6300BUY 276.19
7/24/201252.1600SELL 276.74
7/18/201251.9989BUY 276.44
7/6/201253.9750SELL 276.99
6/27/201251.1000BUY 262.76
6/21/201253.4100SELL 263.29
6/15/201250.7350BUY 250.60
6/11/201250.0600SHORT 255.04
6/5/201247.9400BUY 245.22
5/25/201250.0300SHORT 236.33
5/23/201250.6060BUY 240.01
4/30/201258.3100SHORT 212.85
4/25/201256.7750BUY 208.08
4/16/201256.9850SHORT 208.15
4/12/201257.9350BUY 212.47
3/30/201260.1100SELL 212.90
3/27/201260.6500BUY 215.24
3/23/201258.6050SELL 215.67
3/7/201253.2125BUY 196.22
3/5/201254.3550SELL 196.61
1/11/201243.9900BUY 159.44
1/9/201243.3975SELL 159.76
12/20/201139.8900BUY 147.14
12/8/201141.6300SELL 147.43
11/28/201138.3350BUY 136.03
11/17/201142.5200SELL 136.30
11/15/201143.8250BUY 140.76
11/10/201142.8321SELL 141.04
11/8/201145.1179BUY 148.86
11/1/201141.9900SELL 149.16
10/28/201145.0250BUY 160.26
10/26/201143.2200SELL 160.58
10/24/201143.6049BUY 162.33
10/19/201143.2300SELL 162.66
10/5/201136.0300BUY 135.84
9/29/201139.3200SELL 136.11
9/26/201139.3100BUY 136.35
9/20/201142.1750SELL 136.62
9/13/201138.7400BUY 125.74
9/9/201138.5750SELL 125.99
9/7/201138.7350BUY 126.77
9/2/201138.0600SELL 127.02
8/24/201136.3400BUY 121.52
8/17/201138.7300SHORT 114.92
8/12/201138.1950BUY 113.79
7/27/201147.5250SELL 114.02
7/15/201145.3250BUY 108.96
7/11/201145.7675SELL 109.18
6/28/201141.7500BUY 99.80
† Trade commissions taken as 0.20%.
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