From Nvidia To Netflix, QQQ Is On Fire - But Will It Burn Out?
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The Invesco QQQ Trust has surged 20.53% in the past month, driven by major tech stocks like Nvidia and Netflix. Currently trading at $520.20, QQQ shows strong bullish signals across various moving averages, but its RSI indicates it may be in overbought territory. The Technology Select Sector SPDR Fund has also gained 24.84%. While bullish momentum is strong, caution is advised as the market may be entering euphoria territory, raising concerns about potential reversals.
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