Cash Flow Machine | Mark Yegge | Wealth Architect on $QQQ (Nov 4, 2026)
QQQ failed to hold its all-time high and, though bouncing off its 200-day moving average, remains in a 5-week downtrend; further weakness may last until around December, with a possible drop to 663, after which the speaker hopes for a bounce, returning optimism and buying.
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looking at the QQQ fund on a weekly basis, you see that we passed the all-time high, but we couldn't maintain it and we went back down, and today or this week, depending on your reading, we are bouncing right back off the 200-day moving average.
But we are still in a slight downward trend. This is a 5-week downtrend, and I think we may face some additional pain until perhaps December, when it could drop to 663. We'll see what happens.
We hope to get an upward bounce above that, and to see some optimism and a return of buying activity in the market.
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Cash Flow Machine | Mark Yegge | Wealth Architect has 2 calls on this stock; only the adjacent ones are shown.