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$MSFT trades at quite a large premium to the NASDAQ 100. Will the premium shrink after yesterday's earnings release?
Source: Bloomberg
A critical week ahead for the Nasdaq 100 QQQ which is sitting at critical trendline support at the time of FOMC meeting + $AAPL $MSFT $AMZN $META earnings...
Source; Trend Spider
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
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