PowerShares QQQ To Test The 200 Day Moving Average?
The CNBC Fast Money Traders debated the technology sector yesterday and touched on the PowerShares QQQ (QQQQ). Katie Townshend Stockton a guest from MKM Partners notes that the Q’s were trading below the 50 day moving average which she states could trigger a test the 200 day moving average which is about 9% below current levels. She expects a correction period to happen this month. See the video below.