All-Time Highs for $QQQ πŸ“ˆ The Daily Chart Report

June 24, 2025
Patrick Dunuwila

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Stock Market Media

Today’s Summary

Tuesday, June 24, 2025
 

 

Indices: Nasdaq +1.53% | Russell 2000 +1.34% | Dow +1.19% | S&P 500 +1.11%

Sectors: 9 of the 11 sectors closed higher. Technology led, gaining +1.80%. Energy lagged, dropping -1.30%.

Commodities: Crude Oil dropped another -6.04% to $64.37 per barrel. Gold dropped -1.80% to $3,334 per oz. 
 
Currencies: The US Dollar Index dropped -0.39% to $97.97.

Crypto: Bitcoin is currently up +0.46% to $105,945. Ethereum is up +1.18% to $2,441. 

Volatility: The Volatility Index dropped -11.76% to 17.49.

Interest Rates: The US 10-year Treasury yield dropped to a one-month low of 4.296%.


 

Here are the best charts, articles, and ideas shared on the web today!
 


Chart of the Day 


πŸ†  Today's Chart of the Day was shared by Alfonso De Pablos (@AlfCharts)
   

  • The Nasdaq 100 ($QQQ) officially closed at an all-time high today, recovering from a -23% drawdown in less than three months. This was the 5th deepest drawdown on record for $QQQ, although it was short-lived.
     
  • $QQQ has surged nearly +30% since the April low, and today's breakout unlocks further potential upside, especially as the index approaches a bullish seasonal window (June 26 – July 14).
     
  • All-time highs are the most bullish thing a stock or an index can do. At all-time highs, there's virtually no overhead supply for buyers to contend with, allowing prices to move freely into uncharted territory. 
     

The Takeaway: The Nasdaq 100 ($QQQ) printed an all-time high today, recovering from a -23% drawdown in less than three months. The long-term uptrend has resumed, and another double-digit rally is on the table by year-end. 



Quote of the Day


"The most bullish thing the market can do is go up."
 

- Paul Montgomery


Top Links
 

A New Upside Target - CappNotes
Frank Cappelleri looks at the recent price action and patterns in the S&P 500. 

Broker-Dealers Are Ready to Go - Alfonso's Daily Note
Alfonso De Pablos highlights a bullish setup in the Broke Dealers & Exchanges ETF ($IAI). 

Dangerous to Make a Broader Tech Call, Need to go Into Industry Groups - CNBC
Jeff deGraaf discusses Crude Oil, Tech Stocks, seasonality, and more. 

Sector Flows Update Plus What to Know About the Quality Factor - Strategas Asset Management
Todd Sohn shares a few insights from recent fund flows. 

Don't Pour One Out For the Homies - The Strazza Letter
Steve Strazza points out that Home Builders ($XHB) are setting up for a potential rebound. 

 


Top Tweets

 

You're all caught up now. Thanks for reading!

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