QQQ, the Nasdaq-100 ETF, is up 23.3% year to date, compared with a 17.8% gain for the S&P 500, according to Morningstar.
From a technical perspective, technical analysts are talking about a potential head and shoulders pattern forming in QQQ. This is a bearish topping formation.
PowerShares QQQ
Full disclosure: Tom Lydon’s clients own QQQ, SPY and AAPL.