Cautious Outlook – Tech Driven by Momentum, VIX Rising Slightly

QQQ led the rally this week with strong closes above the EMA9 and EMA20 each session despite minor pullbacks

The index held above the 200 period EMA throughout and closed above 742 on June 1

VIX ticked up to 1605 on June 1 after two days of decline signaling rising implied volatility concerns

EMA alignment remains bullish with EMA5 flattening near EMA9 as short term momentum holds

Footnote: Disclaimer: Nothing you read on this site should be considered as financial advice. Do your own research and take responsibility for your own decisions.

Source: Qwen

Ticker: QQQ

Top ETF Picks by Sector

1. USMV (LowVol-Large) Score: 12, Strength:20
2. QTUM (Technology) Score: 11, Strength:35
3. SPYM (Core-Large) Score: 11, Strength:30
4. MTUM (Technology) Score: 11, Strength:30
5. SPY (Core-Large) Score: 11, Strength:30
6. VYM (Quality-Large) Score: 11, Strength:18
7. SPMO (Momentum-Large) Score: 10, Strength:34
8. DIA (Industrials) Score: 10, Strength:18
9. MDYG (Growth-Mid) Score: 10, Strength:15
10. VB (Core-Small) Score: 10, Strength:14
11. VXUS (International) Score: 10, Strength:9
12. SMH (Growth-Large) Score: 9, Strength:35
13. IGV (Growth-Large) Score: 9, Strength:23
14. IWM (Industrials) Score: 9, Strength:18
15. VTV (Value-Large) Score: 9, Strength:17
16. VO (Core-Mid) Score: 9, Strength:17
17. VWO (International) Score: 9, Strength:13
18. XMHQ (Quality-Mid) Score: 9, Strength:10
19. XSHQ (Quality-Small) Score: 8, Strength:17