an tSionna {Nasdaq Q's}

Charts courtesy of finviz.com.

This is a chart of the Powershares QQQ-the largest 100 nonfinancial stocks in the NASDAQ Composite Index {Symbol-QQQ}.  It is one of our largest holdings as we own this ETF for clients across a broad spectrum of our investment strategies. We almost never purchase individual stocks for clients as we have no interest in the event risk individual securities carry in today's "shoot first ask, questions later" investment world.   We believe that over the long term we best serve our client's i investment mandates by concentrating on investments that have the potential to provide long term equity rates of return while also being subject to less risk.  ETFs fit that bill for us in the current investment market because they remove the single stock risk described above. However, sometimes clients will say that they wished, if they owned any individual stock with me, that they owned Apple.  My response to them is that they do own Apple, albeit indirectly.  For better or worse Apple makes up about 20% of the QQQ.  QQQ has advanced around 27% for the year and is up about 26% in the past twelve months.  

QQQ is overbought like almost everything else right now.  Support for the ETF lies around the $68 price level.

*Long QQQ and ETFs related to the Nasdaq composite in client and personal accounts.  Certain clients of Lumen Capital Management, LLC own Apple Computer.

For informational purposes only I'm posting a link to the Morningstar section on QQQ.