The Nasdaq 100 has bounced, but under the surface, the “Magnificent Seven” are no longer marching in sync.
And this divergence matters, especially if you’re trading QQQ or using it as a momentum proxy.
⚔️ Leadership Rotation in Real Time
- Nvidia (NVDA): Still a beast. Making fresh highs, clear institutional momentum.
- Microsoft (MSFT): Quiet strength — not flashy, but technically clean.
- Meta, Amazon: Holding up, consolidating after major runs.
- Apple (AAPL) and Tesla (TSLA): Weak links. AAPL can't find a bid. TSLA is stuck below major resistance.
Trading QQQ directly?
Consider weighting your thesis by what’s working under the hood.
- QQQ reclaimed the 200-day MA with the May 12's gap echoing the broader S&P move.
- Look for a retest of the resistance and the previous high of 540
- Play breakouts with confirmation, or mean-reverting pullbacks.
🧠 Final Take
The Magnificent Seven are splitting into two camps: those still driving the rally, and those dragging it.
And this divergence matters, especially if you’re trading QQQ or using it as a momentum proxy.
⚔️ Leadership Rotation in Real Time
- Nvidia (NVDA): Still a beast. Making fresh highs, clear institutional momentum.
- Microsoft (MSFT): Quiet strength — not flashy, but technically clean.
- Meta, Amazon: Holding up, consolidating after major runs.
- Apple (AAPL) and Tesla (TSLA): Weak links. AAPL can't find a bid. TSLA is stuck below major resistance.
Trading QQQ directly?
Consider weighting your thesis by what’s working under the hood.
- QQQ reclaimed the 200-day MA with the May 12's gap echoing the broader S&P move.
- Look for a retest of the resistance and the previous high of 540
- Play breakouts with confirmation, or mean-reverting pullbacks.
🧠 Final Take
The Magnificent Seven are splitting into two camps: those still driving the rally, and those dragging it.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Join my mailing list jindaotai.com/joinme
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.