QQQ Research Note — Three Tests for the Recovery
QQQ recovered above its 50-day average, but CPI, Treasury yields and two semiconductor reports will test whether the rebound can broaden.
QQQ recovered above its 50-day average, but CPI, Treasury yields and two semiconductor reports will test whether the rebound can broaden.
QQQ recovered its 50-day trend, but CPI, Treasury yields and two semiconductor reports leave the next leg dependent on confirmation.
QQQ held its long-term trend, but narrow breadth, technology weakness and rising yields leave the August evidence window unusually important.
QQQ’s long-term trend held, but narrow breadth, technology weakness and a 4.74% ten-year yield raise the burden of proof through August.
QQQ remains above its long-term trend, but weak technology breadth, high Treasury yields and clustered mega-cap results demand operating confirmation.
QQQ’s strategic uptrend faces weaker technology breadth, elevated Treasury yields and a concentrated mega-cap earnings and capital-spending test.