The Primary Trend section analyzes the top weighted stocks in the QQQQ and SMH etf's according to their primary trends.  A bullish, neutral or bearish percentage of these top weighted stocks is displayed for a quick read on the stock's bias.  If the overall reading is bullish Myst recommends traders consider call options and if bearish then traders should consider put options.

One of the most important rules of trading is to trade with the trend.  The 3 indicators below are very useful for determining the major or primary trend and keeping you from getting "whipsawed" out of your positions.  A Primary Trend reversal will occur when the following 3 conditions are all met:

 1)  An DMI cross occurs. 
2)  Price crosses the 20 day ema.
3)  An Aroon cross occurs.

Go long or stay long when the primary trend is bullish, and short or stay in cash when the primary trend is bearish. ~Myst~

Updated 7-10-2007

QQQQ  - Candleglance

TOP 10 HOLDINGS ( 39.53% OF TOTAL ASSETS)
Consider buying call options if the Bullish reading is over 50% or put options if the Bearish reading is over 50%

Daily Primary Trend Bias

Bullish - 70%    30%

Weekly Primary Trend Bias

Bullish - 50%  Neutral - 40% 10%
Company Symbol Daily - P Trend Weekly - P Trend % Assets
QQQQ QQQQ Bullish Bullish 100%
AMGEN AMGN Bearish Bearish 3.53
APPLE COMPUTER AAPL Bullish Bullish 4.78
CISCO SYS INC CSCO Bullish Bullish 3.16
COMCAST CP A CMCSA Bullish Neutral 2.16
DELL INC DELL Bullish Bullish 2.33
EBAY INC EBAY Bullish Neutral 3.21
INTEL CP INTC Bullish Bullish 4.05
MICROSOFT CP MSFT Bearish Neutral 7.31
QUALCOMM INC QCOM Bullish Neutral 6.81
SYMANTEC CP SYMC Bearish Bullish 2.19

SMH - - Candleglance

TOP 10 HOLDINGS ( 80.42% OF TOTAL ASSETS) 
Consider buying call options if the Bullish reading is over 50% or put options if the Bearish reading is over 50%

Daily Primary Trend Bias

Bullish 90% Neutral  10%  

Weekly Primary Trend Bias

Bullish  90% Neutral  10%  
Company Symbol Daily - P Trend Weekly - P Trend % Assets
SMH SMH Bullish Bullish 100%
ANALOG DEVICES ADI Bullish Bullish 6.06
APPLIED MATERIALS AMAT Neutral Neutral 12.42
INTEL CP INTC Bullish Bullish 15.85
KL A-TENCOR CP KLAC Bullish Bullish 3.83
LINEAR TECHNOLOGY LLTC Bullish Bullish 4.73
MAXIM INTEGRATED MXIM Bullish Bullish 4.68
MICRON TECHNOLOGY MU Bullish Bullish 4.07
NATL SEMICONDUCTOR NSM Bullish Bullish 4.79
TEXAS INSTRUMENTS TXN Bullish Bullish 20.32
XILINX INC XLNX Bullish Bullish 3.67