đ #NasdaqETFUpdate
The Nasdaq-linked ETFs are showing renewed strength as tech stocks recover from recent dips. Notably, QQQ has bounced off a key support level near its 50-day moving average, signaling a potential shift in short-term momentum. AI-related stocks and semiconductor giants like NVDA and AMD are leading the charge, helping lift the overall index. This rebound may be fueled by growing optimism around rate cuts and continued investor confidence in tech-driven growth. For ETF traders, watching sector weightings and earnings reports can provide critical clues. Keep an eye on volume â sustained increases often confirm bullish conviction. Tech is heating up again.