Closing price: 25.56 -1.30 -4.84%
QQQQ slid further on broad-based selling
The broader market turned sharply lower after lawmakers reported that they
have not yet agreed to a deal to help the auto industry. Chip stocks saw
strong gains early in the session, but ended in the red. However, makers
of semiconductor manufacturing tools kept some gains. Large traders keep
buying call options for stocks with solid earnings growth potential.
Intermediate-term outlook: BEARISH
Short-term outlook: BEARISH
Very short-term outlook: BEARISH
TODAY'S PRE-MARKET SENTIMENT:BULLISH
Current (8:40 am ET) QQQQ pre-market price:
26.04 +0.48 +1.88%
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