Invesco QQQ Trust Series 1

  • QQQ

  • $518.16

  • +0.78%

  • $510.44

  • $524.82

  • $509.29

Ticker Appearances

Wed, November 27, 2024 | 1:26PM ET

⚡ FlashInsights

Wed, November 27, 2024 | 1:26PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥
Fractional weakness in US Equities today which is nearly all been driven by Technology, which is down -1.9%. Five sectors are lower today while six are higher but no sector is down more than -0.20% today except for Technology. Meanwhile, REITS, Utilities and Healthcare are showing the best gains. For QQQ 0.78% , this failed in its initial attempts to join the SPX back at new highs, but cannot be called too bearish until/unless 499.50 is broken, which would undercut the rising uptrend line. The additional area of importance lies at 494.49, or near 11/15 lows, which has more structural importance
Tickers
Tue, November 26, 2024 | 12:55PM ET

⚡ FlashInsights

Tue, November 26, 2024 | 12:55PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥
NVDA 2.96%  pulled back yesterday under 137 and is having a dampening effect on QQQ 0.78%  which has diverged a bit from all-time highs. Yesterday's break likely does lead NVDA down to 132 or even a bit lower to 128 before this stabilizes. NVDA is the largest stock within SPX by market cap and while Technology has rebounded this past week, Equal-weighted Tech has done far better than Large-cap Tech and "Magnificent 7" by nearly 300 bps this past week in performance. The key takeaway here is that Cyclicals are outperforming while big-Cap Tech has lagged lately
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Wed, November 20, 2024 | 5:39PM ET

⚡ FlashInsights

Wed, November 20, 2024 | 5:39PM ET
Tomlee
Tom Lee, CFA AC

Co-founder and Head of Research
🔥 🔥 🔥
In our view, Thanksgiving rally Intact
  • NVDA 2.96%  earnings reported
  • Whether market happy or sad
  • It’s behind us
  • Meaning it’s a "clearing event"
Please BUY THE DIP (if there is one) IWM 0.72%  QQQ 0.78%  SMLR -0.64%  MSTR 10.82%  KRE 1.71%
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