QQQ News

The Invesco QQQ stock price popped on Thursday as investors reflected on the latest corporate earnings and the falling fear in the market. The ETF rose by more than 1.85% and ended the day at $366 while the fear and greed index rose to the fear zone of 39. Strong earnings Invesco QQQ is one of the biggest ETF in the world. It tracks the Nasdaq 100 index, making it one of the most popular funds in the world. The fund has jumped by more than 21% this year and outperformed the SPY and VOO ETFs that track the S&P 500 index. The QQQ fund got supercharged this week after several American companies published strong quarterly results. On Thursday, Morgan Stanley published strong results, helped by its trading division. Other banks like JP Morgan and Bank of America also published strong results. Similarly, other companies like UnitedHealth Group and Domino's Pizza also beat the analysts forecasts. Therefore, with banks outperforming, there is a possibility that technology companies like Netflix, Google, and Microsoft will beat consensus. This, in turn, will lift the Nasdaq 100 and the Invesco QQQ stock price. Meanwhile, the fear and greed index has bounced back recently. The gauge rose to the fear zone of 39. In September, it was at the extreme zone of about 25. Therefore, the biggest fears among market participants have been erased. Besides, earnings are expected to rise while the Fed has already made clear that it will soon tighten. QQQ stock price forecast Turning to the daily chart, we see that the buy the dip trade worked relatively well recently. The QQQ stock crashed to a low of $350, which was notable because it was along the lower side of the ascending trendline shown in green. The price was also along the 100-day moving average. Now, the fund has rebounded and is attempting to move above the 50-day moving average. The two lines of the MACD have also made a bullish crossover. Therefore, the fund will likely have a major bullish breakout as bulls target the all-time high of $380. This view will be invalidated if the price moves below the support at $350.

QQQ

QQQ Stock Price Forecast As Fear and Greed Index Rises

Invesco QQQ Share Price: Bullish Continuation Expected As Economy Recovers

QQQ Stock Price Steady as Peloton and Square Earnings Disappoint

SPY vs QQQ Stock Analysis: Which is a Better Buy?

QQQ Stock Price Forecast as the Fear and Greed Index Rises

Nasdaq 100 and QQQ stock price have choked. What next?

Invesco QQQ Price Outlook: Uncapping the $400 Psychological Support Produces an Advance

AMZN: Amazon Stock Price Forecast for 2022 and Beyond

QQQ Stock Price Forecast as Fear and Greed Index Rebounds

QQQ Share Price. Is this the Start of a New Bull Run?

Subscribe to our newsletter