QQQ - Invesco QQQ Trust (Nasdaq-100 ETF)

Similar to SPY, Soloway sees a potential head and shoulders pattern forming on the QQQ. He notes the NASDAQ dropped nearly 5% on Friday and is watching for a lower high and potential neckline break that would confirm a bearish trend reversal.

Mentioned as one of the ETFs that will be forced to buy SpaceX shares after Nasdaq 100 inclusion within 15 days of listing.

When SpaceX enters the NASDAQ 100, index funds and QQQ ETFs will be forced to buy SpaceX, creating mandatory structural selling pressure on every other stock in the index.

NASDAQ (QQQ) is showing severe weakness with a 1.3% gap down at open, driven by Broadcom's plunge and broader semiconductor selloff.

Soloway identifies logarithmic resistance around 763 on QQQ, roughly 3-4% above current pre-market levels of ~748. He sees this as a key level to watch for a potential reversal, noting the market is extended and concentration risk is extreme.

Safest play. NASDAQ rule changes force QQQ to buy SpaceX within 15 days of IPO with 3x overweight due to low float. Gets squeeze exposure without trying to time it. Recommended for beginners and long-term holders.

Host recommends QQQ for investors with small amounts of capital ($2,000). Up 41.8% last year. More tech-focused than S&P 500 while still providing diversification. Suggests QQQM in a Roth IRA.

Suggested as a core index holding for broad tech exposure including Meta, Amazon, Google, Apple, Microsoft.

The host notes that Mag 7 and AI/semiconductor names are where retail is concentrated in unhedged call options. While AI earnings may be real, the concentration risk and lack of hedging make this a dangerous setup if the market corrects.

Referenced in context of Nasdaq correction territory and historical dot-com bust. No explicit recommendation but implied to be expensive currently.