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Powershares QQQ (QQQ) Going for 14 Up Weeks in a Row

By marketmontage
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Submitted by Mark Hanna

Courtesy of MarketMontage. View original post here.

With 30 minutes to go, the remarkable run in Powershares QQQ (QQQ) looks to continue.  It looked seriously threatened yesterday but with the surge in Apple (AAPL) today, a close above $67.55 will have the QQQ up 14 weeks in a row – i.e. the entire year.  Again, in the NASDAQ bubble of 1999 the longest run was 11 weeks.

 

Fund Holdings subject to change  
Apple Inc.   19.41%  
Microsoft Corp.   8.73%  
Google Inc. Cl A   5.46%  
Oracle Corp.   4.89%  
Intel Corp.   4.65%  
As of 4/4/2012      
 

 

 
QUALCOMM Inc.   3.80%  
Cisco Systems Inc.   3.66%  
Amazon.com Inc.   2.94%  
Comcast Corp. Cl A   2.05%  
Amgen Inc.   1.79%

 

 

Disclosure Notice

Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund's holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog

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