The Nasdaq 100 lost its Intermediate-Term Trend Model (ITTM) BUY signal yesterday, so it wasn’t a total surprise to see the QQQ and QQEW (equal-weight version of NDX) lose theirs today. What is interesting, is that QQEW moved to an ITTM SELL signal versus the NDX and QQQ which switched to ITTM Neutral Signal. This is due to the fact that QQEW is technically in a bear market configuration. My recent ChartWatchers article made comparisons between QQQ and QQEW, equal-weight versus cap-weighted.