Market Snapshot: $NVDA Lags, $QQQ Surges, $SPY Breaks Higher
From Nvidia's rare streak of relative underperformance to the S&P 500 reclaiming key technical levels, markets are sending mixed signals as the quarter draws to a close.
Meanwhile, the Nasdaq 100 is approaching one of its strongest quarterly performances in decades, while Sandisk and ON Semiconductor are testing important technical inflection points that could shape their next moves.
1. $NVIDIA(NVDA)$
Nvidia $NVDA has now underperformed the $SPDR S&P 500 ETF Trust(SPY)$ for 6 consecutive trading days, its longest stretch of relative underperformance since September 2025 📉 📉
2. $SPDR S&P 500 ETF Trust(SPY)$
S&P 500 $SPY closes above both its 50-day moving average and 21-day EMA 📈 Bear Market Canceled! 🥳
3. $SanDisk Corp.(SNDK)$
Sandisk $SNDK plunging to levels not seen since last week 📉📉 Stay safe everyone 🫂
4. $Invesco QQQ(QQQ)$
Nasdaq 100 $QQQ on track for its 2nd best quarter in 25 years 💹 🤑 🥳 The only quarter that was better was post-Covid recovery 🤯
5. $ON Semiconductor(ON)$
On Semiconductor $ON just had its largest drop in 6 years and is now testing critical support at the 100-day moving average ✅ The last time it tested, it held strong!
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