Bullish QQQ Hits $630

• QQQ price action (2026-01-23 to 2026-01-29):
• 2026-01-23: Open $619.73, High $625.40, Low $618.65, Close $622.72
• 2026-01-26: Open $623.21, High $627.61, Low $622.12, Close $625.46
• 2026-01-27: Open $628.91, High $632.04, Low $627.34, Close $631.06
• 2026-01-28: Open $635.46, High $636.60, Low $631.81, Close $633.22
• 2026-01-29: Open $632.65, High $633.67, Low $618.27, Close $629.37
• EMAs across all dates:
• EMA5: 625.40
• EMA9: 624.68
• EMA20: 623.05
• EMA50: 619.98
• VIX trend:
• 2026-01-27: 16.35
• 2026-01-28: 16.35
• 2026-01-29: 16.88
• Market outlook:
• QQQ closed above $630 (0.90% gain) confirming a bullish breakout; target $650‑$655.
• Tech strength, especially semiconductors (LRCX +6.81%, MU +4.81%, WDC +3.80%, KLAC +4.79%, AMAT +4.10%).
• Seven of 11 S&P‑500 sectors negative on Tuesday; breadth flat, watch for correction signals.
• Consumer Staples rally (~7% in Jan) and relative outperformance flagged as potential warning sign.
• Fed left rates at 3.5%‑3.75%; dissent for further cuts; overall neutral stance.
• Gold & Silver expected to stabilize, potential near‑term highs around $5,100‑$6,000.

SOURCE: AI

TICKER: QQQ