• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Stock Momentum Madness and Nasdaq 100 Stocks
Stock

Momentum Madness and Nasdaq 100 Stocks

by December 15, 2023
by December 15, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Stocks went on a tear the last seven weeks with Nasdaq 100 stocks leading the charge. The S&P MidCap 400 SPDR (MDY) and Russell 2000 ETF (IWM) gained more than QQQ over the last seven weeks, but QQQ is still the only major index ETF to exceed its 2021 high and record a new all time high. Chartists looking for momentum leaders should still focus on the Nasdaq 100.

The chart above shows QQQ with two leading uptrends (green arrows) and IWM with two trading ranges (blue arrows). IWM looks poised to break out of its 18 month trading range, but it remains well below the November 2021 high. In short, QQQ shows much more “trendiness” than IWM and I would stay with QQQ.

Picking a focus index is important for momentum strategies. I have tested many strategies using large-caps, mid-caps, small-caps and Nasdaq 100 stocks. S&P 500 and Nasdaq 100 stocks outperformed on a risk-adjusted basis because small-caps and mid-caps strategies generated excessive drawdowns. Small-caps are simply not worth the hassle, IMHO.

TrendInvestorPro runs momentum rotation strategies that trade stocks in the S&P 500 and Nasdaq 100. These strategies use trend indicators to find uptrends and a ranking indicator to identify the leaders. The idea is to buy the top ten and sell when they drop out of the top twenty. Some of this week’s leaders include META, NVDA, CRWD, ADBE, MSFT and AVGO. See CandleGlance chart above.

Check out TrendInvestorPro to learn more about our momentum-rotation strategies and the performance metrics. We also have a chart trading strategy with setups featured every Tuesday and Thursday. Click here to gain immediate access.

//////////////////////////////////////////////////

You Might Also Like
  • May Begins A Very Strong Period For Growth Stocks
  • DP Trading Room: Long-Term View of the Dollar
  • Sector Spotlight: Stocks Lining Up for a Strong July
  • An Enticing Gold Mining Stock with a Strong SCTR Score
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Chinese official who praised CCP makes another appearance at top Ivy League school: ‘Historic connections’
next post
HYG Shares Outstanding Showing Excessive Enthusiasm

You may also like

Can Walmart Weather the Storm?

February 23, 2023

Unlocking the Secrets to Profitable Semiconductor Investments

February 21, 2025

RRG Shows Explosion In Growth Stocks Is Taunting The Fed

October 8, 2023

Week Ahead: NIFTY Over Extended On Charts; Avoid Chasing Up-moves...

December 16, 2023

What’s Wrong With This SPX Breakout?

October 9, 2024

Earnings Analysis: GOOGL, AMZN, AAPL

February 3, 2023

Breadth Maps Are A Bloodbath, BUT Has The Bounce Begun?

April 18, 2025

Time to Talk 6-7 Year Market Business Cycles

October 4, 2023

American Association of Individual Investors (AAII) Hitting Bearish Extremes

March 7, 2025

Choppy Markets Require Patience

March 30, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025
    • NBA star Russell Westbrook launches AI-enabled funeral planning startup

      May 7, 2025
    • Use This Multi-Timeframe MACD Signal for Precision Trades

      May 7, 2025
    • Judge allows lawsuit over Burger King’s Whopper ads to move forward

      May 7, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,630 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,320 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,302 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,185 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,064)
    • Investing (538)
    • Stock (2,529)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against...

      May 7, 2025
    • NBA star Russell Westbrook launches AI-enabled funeral planning startup

      May 7, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,064)
    • Investing (538)
    • Stock (2,529)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    The Nasdaq 100 vs the Rest...

    June 11, 2023

    A Sector Rotation Dilemma …

    September 20, 2024

    DP Trading Room: Bonds & Yields...

    May 13, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here