1. Key Metrics
| Instrument | Close | Change |
|---|---|---|
| QQQ | 679.35 | +3.54% |
| Nasdaq-100 | 27907.63 | +3.40% |
| SPY | 752.69 | +2.37% |
| S&P 500 | 7549.94 | +2.35% |
| RSP | 220.95 | +2.27% |
| QQEW | 148.03 | +3.90% |
2. Trend
QQQ: close 679.35, 3.54% below the 20-day (704.30), 5.68% below the 50-day (720.23) and 0.27% below the 200-day average (681.17). SPY: close 752.69, below the 20-day (762.09) and 50-day (765.35) and above the 200-day average (730.70).
3. Momentum & price volatility
RSI(14) QQQ 41.4 (prior 31.4), SPY 45.8 (prior 35.1). ATR(14) QQQ 16.23. RV10 46.29%, RV20 35.87%.
4. Breadth
NDX above the 50-day n/a (NDX/S&P breadth not computed in this run); above the 200-day n/a (NDX/S&P breadth not computed in this run). S&P 500 above the 20-day n/a (NDX/S&P breadth not computed in this run).
5. Concentration
Top-10 NDX percent changes: MSFT +2.75%, GOOGL +1.18%, GOOG +0.73%, AMZN +2.94%, META +5.12%, AAPL +2.43%, AVGO +8.78%, TSLA +5.54%, NVDA −4.27%, SPCX +5.81%.
What Would Change the Regime
- If QQQ closes above its 20-day average (704.30) with a non-falling five-session slope, the short-term regime leaves Bearish under section 2.9.
- If QQQ closes above its 50-day average (720.23), the medium-term regime can leave Bearish.
- If QQQ closes above its 200-day average (681.17), the long-term regime turns Bullish.