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Nasdaq has underperformed Russell 2000 for 11 of the last 12 days, erasing YTD outperformance for the big-tech index
Source: Bloomberg, www.zerohedge.com
Nasdaq 100 QQQ ETF just hit the upper band of the long-term rising channel (monthly chart).
Is it due for a deeper correction now? Source: Trend Spider
THE Qs GET CRUSHED
$QQQ Worst one-week decline in over three months. Source: Trend Spider
⚡ The carnage is real.
Yesterday was Nasdaq 100 $QQQ worst day since December 2022. Source: Trend Spider
The "ChatGPT era"...
The Nasdaq 100 post-ChatGPT at just over 400 days is now up more than it was following any of the other major technological releases of the last half-century. But if we are to follow the Netscape blueprint we have a lot of more bull left... Source: Bespoke, TME
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