Short‑term (≈1 week) – Bullish
* QQQ surged from ~620 to ~650 over the past week, trading comfortably above its 5‑, 9‑, 20‑ and 50‑day EMAs.
* VIX at 19.5 indicates a relatively calm volatility environment, supporting risk‑on sentiment.
* Philadelphia Fed Manufacturing Index jumped to 26.7, the fourth