Looking at QQQQ here down 5 cts
QID up 50cts
QLD down 60 cts
Figure it out 2 X QQQQ = 10 cts
Lotta fear out there boyz and girlz
You wanna see fear?
Started by
SemiBizz
, Mar 09 2007 03:22 PM
7 replies to this topic
#1
SemiBizz
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Volume Dynamics Specialist
Posted 09 March 2007 - 03:22 PM
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
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Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#2
Data
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Posted 09 March 2007 - 04:12 PM
QLD had a spike at the close yesterday whereas the other two ETFs
did not. They're just moving back toward their normal relationships
if you look at 5-day charts.
#3
Iblayz
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Posted 09 March 2007 - 05:06 PM
QID closing price yesterday was 55.31. Net asset value as of the end of day was 55.58.
QLD closing price yesterday was $79.30. Net asset value as of the end of day was $78.89.
You cannot assume that the proshares closing prices are perfectly correlated to QQQ at every single close. It just doesn't work that way.
IMO you have to look at NAV after its posted sometime after the close (usually several hours). That way you will understand price discrepancies the next morning and you will avoid reading a ton of stuff between the lines that is not there.
http://www.proshares.com/funds
There could be another discrepancy in QID Monday morning. QQQ closed at 42.93 and was right at yesterday's closing price at 4:15 PM when QID's closing price is set. At 4:14 the last trade on QID was 55.67 and the bid was just below that with several above 55.60. Suddenly at 4:15 PM there were several prints at 55.45 without selling through the existing bids. Then the next trade at 4:16 PM was 55.67 again. Now that may happen to be closer to net asset value today for some reason or it may just be representative of what you get when a scumbag market maker over at AMEX is in control.
QLD closing price yesterday was $79.30. Net asset value as of the end of day was $78.89.
You cannot assume that the proshares closing prices are perfectly correlated to QQQ at every single close. It just doesn't work that way.
IMO you have to look at NAV after its posted sometime after the close (usually several hours). That way you will understand price discrepancies the next morning and you will avoid reading a ton of stuff between the lines that is not there.
http://www.proshares.com/funds
There could be another discrepancy in QID Monday morning. QQQ closed at 42.93 and was right at yesterday's closing price at 4:15 PM when QID's closing price is set. At 4:14 the last trade on QID was 55.67 and the bid was just below that with several above 55.60. Suddenly at 4:15 PM there were several prints at 55.45 without selling through the existing bids. Then the next trade at 4:16 PM was 55.67 again. Now that may happen to be closer to net asset value today for some reason or it may just be representative of what you get when a scumbag market maker over at AMEX is in control.
#4
vitaminm
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#5
Iblayz
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Posted 09 March 2007 - 10:08 PM
NQ's closed down .38%. Closing prices set at 4.15 PM. NQ's ramped after yesterday's close due to the NSM report (which was just average). QID and QLD closing prices are both set at 4:15 also. So the accurate comparison would be to the NQ's as the QQQ closing price is now set at 4:00 PM since moving to the Nasdaq.
#6
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Mark S. Young
Posted 10 March 2007 - 11:29 AM
Where are you getting the NAV for the QID, QLD, and Q's?
Thanks!
Mark
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#7
short_seller
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Posted 10 March 2007 - 11:47 AM
Where are you getting the NAV for the QID, QLD, and Q's?
Thanks!
Mark
I think it's on amex.com
#8
Iblayz
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Posted 10 March 2007 - 08:14 PM
Where are you getting the NAV for the QID, QLD, and Q's?
Thanks!
Mark
http://www.proshares.com/funds
But it is updated late. How late I'm not sure but it is several hours after the close at a minimum. I always look at it first thing in the morning.
Example: Friday's closing net asset value was 55.71 and it was trading at 55.67 and 55.69 right before 4:15 but the scumbag specialist for whatever reason posted several trades at 55.45 at exactly 4:15 PM WITHOUT going through existing bids to get there.
Edited by Iblayz, 10 March 2007 - 08:17 PM.
