Is $QQQ at 732.9 getting ahead of itself on tech momentum?

asked by u/news_trader_max · 6d · 2 answers

Watching $QQQ today, hitting 732.9 after that nearly 1.3% jump. It's been a monster run, obviously, and the underlying tech strength is hard to argue with. But with the high of the day at 733.75, I'm starting to wonder if we're seeing a bit of 'mania' kicking in, especially as it feels like the broader market isn't quite as universally strong. Are we just chasing momentum here, or is there a genuine, fundamental reason for this pace that I'm missing? I'm curious to hear if others are thinking similarly, or if I'm just being overly cautious.

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Top answers

  • u/tkim· 1 pts· 6d

    "Mania" is such a strong word. I prefer "enthusiastic re-evaluation of future earnings potential." Sounds much more sophisticated, even if it feels the same when your portfolio is down 10% by lunch.

  • u/hassan.pillai· 1 pts· 6d

    It's a fair question, especially with the quick upward move. While the tech underlying fundamentals are robust, the pace of the run does raise a flag for potential short-term overheating.

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