Usman Salis
⬤ Invesco QQQ Trust QQQ jumped this morning after the Nasdaq wiped out a steep pre-market slide that had pushed futures down nearly 2 percent. The tech-heavy index flipped to green shortly after the opening bell, showing how quickly market sentiment can shift. QQQ traded around 610.27 during the recovery, bouncing back from early weakness that had weighed on the session before markets opened.
⬤ The chart shows a clear V-shaped reversal starting around 9 a.m. EST, with the ETF rebounding from the 602 area before pushing above 610. This intraday turnaround matched a broader change in risk appetite as the S&P 500 also went positive and gained about 1.5 percent from its morning low. The strong move higher shows how fast buying pressure came back to large-cap tech names after a shaky pre-market session that briefly made traders more cautious.
⬤ The QQQ surge reflects fresh demand for tech exposure and demonstrates how momentum can flip dramatically at the start of regular trading hours. The ETF snapped back after several sessions of big swings, pointing to heightened sensitivity around macro signals and early trading flows.
⬤ Despite the rough start, the Nasdaq's ability to erase almost 2 percent of downside within minutes suggests a strong underlying appetite for growth and tech stocks, even with broader market uncertainty. Sharp intraday reversals like this can shape overall market sentiment, influence short-term trading patterns, and set the tone for technology and growth sectors throughout the day.
Usman Salis
