$QQEW Inverse head n shoulders NASDAQ:QQEW Inverse head n shoulders ready to break out. it needs to consolidate next week before it can break out. equal weight nasdaq 100
Key stats
About First Trust NASDAQ-100 Equal Weighted Index Fund
Expense ratio
0.58%
Home page
Inception date
Apr 19, 2006
ISIN
US3373441050
QQEW provides equal-weighted exposure to the NASDAQ 100, a tech-focused index that comprises 100 of the largest domestic and international non-financial companies listed on the NASDAQ Stock Market based on market capitalization. The index invests in companies across various non-financial sectors and rebalances quarterly to provide equal allocation to all constituents without any sector and cap biases. Overall, QQEW is a reasonable way to approach the NASDAQ 100 for investors wanting a purer exposure to the non-financial space with less concentration.
Classification
What's in the fund
Exposure type
Technology Services
Electronic Technology
Health Technology
Stock breakdown by region
$spy $qqew has reached euphoria and blow off topWhy would you buy stocks here? Insane. Good luck with that.
Market Leaders Don't MatterNews is coming out how the top 5 stocks are responsible for the majority of the gains in the market.
Well.... so what?
This is the QQEW, an equal weighted index of the Nasdaq 100.
It's also near highs.
Saying "OH GOD AMAZON AND FACEBOOK ARE UP SO MUCH" isn't a reason to be aggressively short the
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