QQQ - Invesco QQQ Trust (Nasdaq-100 ETF)

Tech-heavy; gap fill indecision but futures up; waiting for moving average cross.

Long-term buy opportunity after worst July in 22 years; Nasdaq average 11% annual return since 1999. Temporary selloff due to carry trade mechanics, not fundamental collapse.

Multiple lower highs indicate downtrend; cannot get bullish until reclaims 710.

The dip in the tech sector makes QQQ/QQQM a smart buy for broad exposure. Dollar-cost averaging works well on index funds. QQQM has lower fees for long-term holders.

Over 50% of QQQ is concentrated in AI-related stocks, making it highly vulnerable to a correction in that sector.

QQQ is considered the strongest, nearly indestructible ETF for technology exposure, with a 555% return over 10 years. Hosts recommend it as a long-term core holding.

NASDQ is one of his main indexes; likes it for long-term growth. QQQM is similar but for buy-and-hold.

Grantham specifically says to sell US technology stocks due to overvaluation

QQQ outperformed in both historical test periods but with extreme volatility (80% drawdown). The host says he would add QQQ to his dollar cost averaging once it falls hard and becomes more reasonably priced, but at current elevated valuations he is not recommending it.

SpaceX will be added to the NASDAQ 100, meaning every QQQ holder will automatically own a position in SpaceX. This is presented as both a risk (forced ownership of overvalued stock) and a structural reality of index investing.