POWER SHARES QQQ TRUST (QQQ-Nasdaq): Technical Viewpoint: From a low of $60.76 on May 29, 2012 prices rallied, reaching a high of $63.15 on May 29, 2012. A decline saw prices pull back, reaching a low of $60.04 on Jun 4, 2012. Another rally saw prices penetrate resistance, closing 6/8/12 at $62.87. Technicals: MACD Index (MACD): A Buy Alert! was given on Jun 8, 2012 when the solid line crossed the dotted line to the upside. Support: Remains at $61.96. Resistance: Is at $63.18. Point & Figure: Reversed to the upside on Jun 7, 2012. A P&F upside reversal takes place at $64.00. Summary: Technical indicators have turned bullish. BUY! Power Shares QQQ Trust (QQQ-Nasdaq) @ $62.96 Stop: Use a protective stop of $60.96. Power Shares QQQ Trust is currently trading @ $62.87 plus $0.96 on Jun 8, 2012. Price Objective: $75.00. Risk/Reward: $2.00 VS. $12.04. Today's Risk Reward Ratio: 6:1