Apr. 4th 2025
Market falls off cliff
QQQ fell nearly 12% in the last 2 daysMarket Signal: -8 STRONG BEARISH
The Market Signal entered STRONG BEARISH range this week, and stayed there, ending the week at a -8.
The last time the Market Signal was this bearish was in 2022, when QQQ had an annual return of -32.49%.
We are not out of the woods yet, and the current downtrend may be far from over.
“The Smoot-Hawley Tariff Act, enacted in 1930, worsened the Great Depression by raising tariffs on imports, prompting retaliatory tariffs from other countries, and significantly reducing global trade, which further crippled already struggling economies.”
34% of NASDAQ-100 (QQQ) holdings closed at 52-week lows - collectively, these companies make up 26.3% of the index by weight.
NASDAQ-100 52-week lows
The following NASDAQ-100 (QQQ) holdings closed at a 52-week low today:
MSFT $359.84 -3.56%GOOG $147.74 -3.20%GOOGL $145.60 -3.40%ASML $605.55 -2.84%ADBE $349.07 -4.95%QCOM $127.46 -8.58%AMD $85.76 -8.57%TXN $151.39 -7.80%AMAT $126.95 -6.32%ADI $164.60-9.00%KLAC $576.53-7.13%LRCX $59.09-9.40%MU $64.72-12.94%ABNB $106.66-6.41%CDNS $232.88-6.44%REGN $573.45-6.09%SNPS $388.13-7.09%CSX $27.21-2.79%MRVL $49.43-11.16%NXPI $160.81-6.44%FANG $123.37-12.68%ODFL $152.06-2.37%IDXX $393.73-4.15%DDOG $87.93-6.92%GEHC $60.51-15.96%ANSS $286.85-7.60%DXCM $59.83-3.19%TTD $46.24-5.79%MCHP $36.22-11.03%CDW $144.49-4.67%BIIB $122.98-5.91%GFS $31.54-8.23%ON $33.70-5.23%MDB $154.39-5.48%
💰
During downtrends
SQQQ (the inverse triple-leveraged (-3x) ETF for the NASDAQ-100) will be used in place of TQQQ in the next two sections benchmarking against QQQ and its holdings.📉26th day of downtrend
Day 📉1 of current downtrend occurred on Fri. Feb. 28th 2025.
QQQ-16.83% since start of current downtrendSQQQ+60.38% since start of current downtrend
| A | B | C | D | E | F | G | |
|---|---|---|---|---|---|---|---|
|
1
|
Market Signal | Trend Count | QQQ Close | QQQ %chg since 📉1 | SQQQ close | SQQQ %chg since 📉1 | Date |
|
2
|
-2 | 📉1 | $508.17 | 0.00% | $31.40 | 0.00% | Fri 2/28/25 |
|
3
|
-3 | 📉2 | $497.05 | -2.19% | $33.43 | 6.46% | Mon 3/3/25 |
|
4
|
-3 | 📉3 | $495.55 | -2.48% | $33.81 | 7.68% | Tue 3/4/25 |
|
5
|
-3 | 📉4 | $502.01 | -1.21% | $32.51 | 3.54% | Wed 3/5/25 |
|
6
|
-3 | 📉5 | $488.20 | -3.93% | $35.17 | 12.01% | Thu 3/6/25 |
|
7
|
-3 | 📉6 | $491.79 | -3.22% | $34.47 | 9.78% | Fri 3/7/25 |
|
8
|
-3 | 📉7 | $472.73 | -6.97% | $38.37 | 22.20% | Mon 3/10/25 |
|
9
|
-3 | 📉8 | $471.60 | -7.20% | $38.80 | 23.57% | Tue 3/11/25 |
|
10
|
-3 | 📉9 | $476.92 | -6.15% | $37.49 | 19.39% | Wed 3/12/25 |
|
11
|
-3 | 📉10 | $468.34 | -7.84% | $39.54 | 25.92% | Thu 3/13/25 |
|
12
|
-3 | 📉11 | $479.66 | -5.61% | $36.73 | 16.97% | Fri 3/14/25 |
|
13
|
-3 | 📉12 | $482.77 | -5.00% | $36.02 | 14.71% | Mon 3/17/25 |
|
14
|
-3 | 📉13 | $474.54 | -6.62% | $37.84 | 20.51% | Tue 3/18/25 |
|
15
|
-2 | 📉14 | $480.89 | -5.37% | $36.40 | 15.92% | Wed 3/19/25 |
|
16
|
-2 | 📉15 | $479.26 | -5.69% | $36.75 | 17.04% | Thu 3/20/25 |
|
17
|
-2 | 📉16 | $480.84 | -5.38% | $36.40 | 15.92% | Fri 3/21/25 |
|
18
|
-2 | 📉17 | $490.66 | -3.45% | $34.13 | 8.69% | Mon 3/24/25 |
|
19
|
-2 | 📉18 | $493.46 | -2.89% | $33.52 | 6.75% | Tue 3/25/25 |
|
20
|
-2 | 📉19 | $484.38 | -4.68% | $34.86 | 11.02% | Wed 3/26/25 |
|
21
|
-3 | 📉20 | $481.62 | -5.22% | $35.47 | 12.96% | Thu 3/27/25 |
|
22
|
-3 | 📉21 | $468.94 | -7.72% | $38.30 | 21.97% | Fri 3/28/25 |
|
23
|
-7 | 📉22 | $468.92 | -7.72% | $38.34 | 22.10% | Mon 3/31/25 |
|
24
|
-7 | 📉23 | $472.70 | -6.98% | $37.44 | 19.24% | Tue 4/1/25 |
|
25
|
-7 | 📉24 | $476.15 | -6.30% | $36.60 | 16.56% | Wed 4/2/25 |
|
26
|
-8 | 📉25 | $450.66 | -11.32% | $42.53 | 35.45% | Thu 4/3/25 |
|
27
|
-8 | 📉26 | $422.67 | -16.83% | $50.36 | 60.38% | Fri 4/4/25 |
Market Signal, Trend Count, closing prices, and return (%) over current downtrend
SQQQ vs QQQ Holdings
SQQQ is outperforming 100% of QQQ holdings since day 📉1 of current downtrend (Feb. 28th 2025).
Other than MSTR, SQQQ has outperformed all other holdings by more than 10x during this time.
SQQQ has outperformed QQQ by a whopping +77.21% over the current downtrend.
| A | B | C | D | E | |
|---|---|---|---|---|---|
|
1
|
Market Cap | Symbol | %Chg since 📉1 | Close on 📉1 | Close |
|
2
|
153,324 M | QQQ | -16.83% | $508.17 | $422.67 |
|
3
|
1,737 M | SQQQ | 60.38% | $31.40 | $50.36 |
|
4
|
76,473 M | MSTR | 14.95% | $255.43 | $293.61 |
|
5
|
35,272 M | EA | 4.82% | $129.12 | $135.34 |
|
6
|
55,548 M | MNST | 4.45% | $54.65 | $57.08 |
|
7
|
85,774 M | MDLZ | 3.24% | $64.23 | $66.31 |
|
8
|
45,782 M | EXC | 2.60% | $44.20 | $45.35 |
|
9
|
79,557 M | ORLY | 1.18% | $1,373.64 | $1,389.87 |
|
10
|
45,872 M | KDP | 0.87% | $33.52 | $33.81 |
|
11
|
52,662 M | CPRT | -0.53% | $54.80 | $54.51 |
|
12
|
122,016 M | VRTX | -1.08% | $479.79 | $474.62 |
|
13
|
55,791 M | AEP | -1.48% | $106.05 | $104.48 |
|
14
|
42,676 M | FAST | -1.73% | $75.73 | $74.42 |
|
15
|
38,616 M | CCEP | -2.70% | $86.26 | $83.93 |
|
16
|
35,420 M | KHC | -3.35% | $30.71 | $29.68 |
|
17
|
39,977 M | VRSK | -4.01% | $296.91 | $284.99 |
|
18
|
158,148 M | AMGN | -4.44% | $308.06 | $294.39 |
|
19
|
201,048 M | PEP | -4.47% | $153.47 | $146.61 |
|
20
|
30,628 M | CSGP | -4.76% | $76.25 | $72.62 |
|
21
|
51,623 M | PAYX | -5.51% | $151.67 | $143.32 |
|
22
|
39,006 M | XEL | -5.84% | $72.10 | $67.89 |
|
23
|
38,608 M | AXON | -5.93% | $528.45 | $497.13 |
|
24
|
133,702 M | GILD | -6.18% | $114.31 | $107.25 |
|
25
|
207,116 M | LIN | -6.23% | $467.05 | $437.96 |
|
26
|
48,042 M | CHTR | -6.95% | $363.57 | $338.29 |
|
27
|
126,211 M | CMCSA | -6.97% | $35.88 | $33.38 |
|
28
|
63,882 M | CDNS | -7.03% | $250.50 | $232.88 |
|
29
|
42,849 M | ROST | -7.13% | $140.32 | $130.31 |
|
30
|
58,181 M | ROP | -7.31% | $584.50 | $541.80 |
|
31
|
283,278 M | TMUS | -8.00% | $269.69 | $248.11 |
|
32
|
34,343 M | TTWO | -8.21% | $211.98 | $194.58 |
|
33
|
76,853 M | CTAS | -8.27% | $207.50 | $190.33 |
|
34
|
144,724 M | PDD | -8.34% | $113.69 | $104.21 |
|
35
|
156,982 M | INTU | -8.52% | $613.84 | $561.53 |
|
36
|
116,418 M | ADP | -9.22% | $315.18 | $286.13 |
|
37
|
2,675,044 M | MSFT | -9.36% | $396.99 | $359.84 |
|
38
|
31,908 M | IDXX | -9.92% | $437.11 | $393.73 |
|
39
|
212,251 M | AZN | -10.17% | $76.21 | $68.46 |
|
40
|
124,128 M | HON | -10.29% | $212.89 | $190.99 |
|
41
|
52,294 M | ADSK | -10.47% | $274.21 | $245.51 |
|
42
|
27,026 M | ZS | -10.99% | $196.23 | $174.67 |
|
43
|
18,001 M | BIIB | -12.47% | $140.50 | $122.98 |
|
44
|
406,627 M | COST | -12.60% | $1,048.61 | $916.48 |
|
45
|
366,100 M | NFLX | -12.72% | $980.56 | $855.86 |
|
46
|
173,580 M | PLTR | -12.85% | $84.92 | $74.01 |
|
47
|
93,349 M | MELI | -13.22% | $2,121.87 | $1,841.29 |
|
48
|
32,320 M | ODFL | -13.85% | $176.50 | $152.06 |
|
49
|
25,143 M | ANSS | -13.92% | $333.25 | $286.85 |
|
50
|
139,329 M | AMD | -14.12% | $99.86 | $85.76 |
|
51
|
1,800,951 M | GOOG | -14.21% | $172.22 | $147.74 |
|
52
|
1,774,864 M | GOOGL | -14.49% | $170.28 | $145.60 |
|
53
|
140,581 M | BKNG | -14.59% | $5,016.01 | $4,284.02 |
|
54
|
238,102 M | ASML | -14.60% | $709.08 | $605.55 |
|
55
|
216,976 M | CSCO | -14.93% | $64.11 | $54.54 |
|
56
|
51,284 M | CSX | -15.00% | $32.01 | $27.21 |
|
57
|
60,013 M | SNPS | -15.12% | $457.28 | $388.13 |
|
58
|
47,706 M | PCAR | -15.26% | $107.24 | $90.88 |
|
59
|
86,558 M | INTC | -16.35% | $23.73 | $19.85 |
|
60
|
79,724 M | CRWD | -17.46% | $389.66 | $321.63 |
|
61
|
34,000 M | CTSH | -17.51% | $83.33 | $68.74 |
|
62
|
57,759 M | WDAY | -17.54% | $263.34 | $217.14 |
|
63
|
68,543 M | DASH | -17.78% | $198.44 | $163.16 |
|
64
|
57,742 M | PYPL | -17.85% | $71.05 | $58.37 |
|
65
|
62,692 M | REGN | -17.93% | $698.74 | $573.45 |
|
66
|
770,131 M | TSLA | -18.28% | $292.98 | $239.43 |
|
67
|
17,439 M | GFS | -18.65% | $38.77 | $31.54 |
|
68
|
76,613 M | KLAC | -18.67% | $708.84 | $576.53 |
|
69
|
140,971 M | QCOM | -18.90% | $157.17 | $127.46 |
|
70
|
19,144 M | CDW | -18.92% | $178.20 | $144.49 |
|
71
|
101,679 M | PANW | -19.36% | $190.43 | $153.57 |
|
72
|
1,812,212 M | AMZN | -19.45% | $212.28 | $171.00 |
|
73
|
103,139 M | AMAT | -19.69% | $158.07 | $126.95 |
|
74
|
148,774 M | ADBE | -20.41% | $438.56 | $349.07 |
|
75
|
35,068 M | BKR | -20.59% | $44.59 | $35.41 |
|
76
|
161,790 M | ISRG | -21.21% | $573.15 | $451.58 |
|
77
|
65,140 M | FTNT | -21.57% | $108.01 | $84.71 |
|
78
|
2,829,858 M | AAPL | -22.11% | $241.84 | $188.38 |
|
79
|
35,708 M | FANG | -22.39% | $158.96 | $123.37 |
|
80
|
137,752 M | TXN | -22.76% | $195.99 | $151.39 |
|
81
|
75,852 M | LRCX | -23.00% | $76.74 | $59.09 |
|
82
|
66,272 M | ABNB | -23.19% | $138.87 | $106.66 |
|
83
|
59,089 M | MAR | -23.49% | $280.45 | $214.58 |
|
84
|
1,278,814 M | META | -24.46% | $668.20 | $504.73 |
|
85
|
2,301,164 M | NVDA | -24.50% | $124.92 | $94.31 |
|
86
|
30,139 M | DDOG | -24.56% | $116.55 | $87.93 |
|
87
|
40,785 M | NXPI | -25.41% | $215.59 | $160.81 |
|
88
|
687,848 M | AVGO | -26.65% | $199.43 | $146.29 |
|
89
|
31,812 M | LULU | -27.87% | $365.61 | $263.70 |
|
90
|
14,223 M | ON | -28.37% | $47.05 | $33.70 |
|
91
|
81,638 M | ADI | -28.45% | $230.06 | $164.60 |
|
92
|
93,260 M | SBUX | -29.11% | $115.81 | $82.10 |
|
93
|
19,810 M | WBD | -29.58% | $11.46 | $8.07 |
|
94
|
27,671 M | GEHC | -30.73% | $87.35 | $60.51 |
|
95
|
72,329 M | MU | -30.88% | $93.63 | $64.72 |
|
96
|
53,563 M | CEG | -31.76% | $250.55 | $170.96 |
|
97
|
23,460 M | DXCM | -32.30% | $88.37 | $59.83 |
|
98
|
74,577 M | APP | -32.65% | $325.74 | $219.37 |
|
99
|
92,446 M | ARM | -33.40% | $131.69 | $87.71 |
|
100
|
49,170 M | TEAM | -33.98% | $284.26 | $187.67 |
|
101
|
22,939 M | TTD | -34.24% | $70.32 | $46.24 |
|
102
|
19,480 M | MCHP | -38.46% | $58.86 | $36.22 |
|
103
|
12,535 M | MDB | -42.27% | $267.43 | $154.39 |
|
104
|
42,810 M | MRVL | -46.17% | $91.82 | $49.43 |