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Why QQQ Bulls May Want to Stay Hopeful
Schaeffers Investment Research· 2025-08-26 16:24
Subscribers to Chart of the Week received this commentary on Sunday, August 24.This week’s Big Tech rout drove the broader market to substantial losses throughout the week. Leading the push lower were (seemingly impenetrable) large cap tech titans Palantir Technologies (PLTR) and Nvidia (NVDA). The pair suffered an (overdue) bout of profit taking, which resulted in respective losses of 9.4% and 3.5% on Aug. 19.The Nasdaq-100 Index (NDX) shuttered 1.4% on the same day; testing, breaching, and ultimately recl ...