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':"";if(a){var r=n.promos.showYahooLogo?"":"yns-no-logo";a=a.replace("{notifOnboardBtnLabel}",n.promos.notifOnboardBtnLabel).replace("{notifOnboardMsg}",n.promos.notifOnboardMsg).replace("{subscriptionTopic}",n.promos.subscriptionTopic).replace("{noLogoClass}",r).replace("{promoLogo}",n.promos.promoLogo)}var s=t.newCount>n.panel.maxCount?t.newCount:"",c=n.panel.notificationCenterPath,l=c?"":R,u=n.panel.headerMsg?"":" "+R,d=c?H:"",p=void 0;t.count?p=t.markup:p='{emptyPanelMsg}'.replace("{emptyPanelMsg}",n.panel.emptyPanelMsg);return e=e.replace("{notifMarkup}",p).replace("{promoMarkup}",a).replace("{hideClass}",l).replace("{notifCenterLink}",c).replace("{paddingClass}",d).replace("{headerMsg}",n.panel.headerMsg).replace("{hideHeaderClass}",u).replace(/{notificationCenterNavMsg}/g,n.panel.notificationCenterNavMsg).replace(/{newCount}/g,s)}},{key:"render",value:function(e,t){var n=this;if(n._panelNode){var o=void 0,i=n._panelNode,a=void 0,r=void 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n=e.getConfig();"smartphone"===n.device&&("finance"===n.property&&"crunch"===n.ytheme&&e.addElementListener(t.searchInput,"click",(function(){var n,o;n="search_input_focus_click",null!==(o=re())&&(oe[n]||(oe[n]=o)),e.addElementListener(t.searchForm,"click",(function(){if(t.ybar){if(t.ybar.classList.contains("ybar-searchbox-assist-fullscreen"))return;t.ybar.classList.add("ybar-searchbox-assist-fullscreen"),t.ybar.classList.add("ybar-searchbox-assist-fadein")}if(!document.documentElement.classList.contains("ybar-overlay")){document.documentElement.classList.toggle("ybar-overlay"),document.body.classList.add("ybar-overlay-noscroll");te("ybar","websrch","",{elm:"expand",subsec:"searchbox",itc:"1"})}}))})),e.addElementListener(t.searchBoxPlaceholder,"click",(function(){zt(e,t)})),e.addElementListener(t.searchBoxPlaceholder,"keydown",(function(n){var 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But over time, especially since the COVID-19 pandemic, the Invesco Nasdaq QQQ Trust (QQQ) has stolen the spotlight.How popular has QQQ become? Well, I don’t know why Invesco changed its name to actually include the ticker symbol in 2018. But that seems to be a sign that it has reached star status. So when I’m looking for market direction, I look there.AMD Short Strangle Could Net $1400 in a Few WeeksAlphabet Generates Strong FCF and If It Continues GOOGL Stock is 40% UndervaluedAmazon Just Ditched Its Stake in IonQ Stock. Should You Bail on the Quantum Computing Leader Too?Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines.That’s in part due to my belief that for the foreseeable future, QQQ and the S&P 500 move too much in sync to consider them separately. The rise of the Magnificent 7, all listed on the Nasdaq Stock Exchange, has everything to do with that evolution.Here, I’m about the charts. And how the market tells a story. We just need to listen!So, what’s the story I hear it saying right now, and how loudly is it speaking? That is, how definitive are the signals and indicators I analyzed?Let’s start with a daily QQQ chart going back 12 months. It has come a long way, but part of the story here is that the rest of the stock market hasn’t. That means QQQ is essentially the last one standing.www.barchart.comI’m not the only one writing that these days. The market knows it very well. So the cost of ignoring a dip that is really a step toward a correction, which begets a crash, is very, very high.Does that mean I won’t consider QQQ in my portfolio? No, that’s not the translation at all. It just means that the risk is much higher than usual, and it’s important to hedge for this. I’ve referred to the Reward Opportunity and Risk (ROAR) score I created, which is my own method of estimating how much risk of major loss is attached to the effort and capital I’m putting in to try to make profits.You can review this article on the ROAR score to better understand the approach.QQQ has a low ROAR score currently. That means that while reward is always possible, the risk that comes with it is much higher than normal. Based on my ROAR analysis, I estimate a much stronger chance that QQQ will fall by 10%-15% before it rises by that much.That’s based on ROAR, a combination of multiple moving averages, and that fact that it punishes an ETF or stock that has just surged in price. As they say, trees don’t grow to the sky!Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,737.54 -113.38 (-1.65%)Dow 3047,456.98 -797.84 (-1.65%)Nasdaq22,870.36 -536.10 (-2.29%)Russell 20002,384.88 -65.92 (-2.69%)VIX20.63 +3.12 (+17.79%)Gold4,166.10 -47.50 (-1.13%)PortfolioSign in to access your portfolioSign inTop gainersCLBT Cellebrite DI Ltd. 19.28 +3.31 (+20.73%)ONDS Ondas Holdings Inc. 6.56 +1.05 (+19.06%)SEE Sealed Air Corporation 42.49 +6.11 (+16.80%)FLY Firefly Aerospace Inc. 21.42 +3.11 (+16.99%)TTEK Tetra Tech, Inc. 37.41 +4.96 (+15.29%)Top losersBTDR Bitdeer Technologies Group 11.11 -2.83 (-20.30%)FRMI Fermi Inc. 17.50 -4.26 (-19.58%)BE Bloom Energy Corporation 103.56 -23.16 (-18.27%)FLNC Fluence Energy, Inc. 16.25 -2.96 (-15.41%)VIA Via Transportation, Inc. 43.13 -7.37 (-14.60%)Most activeONDS Ondas Holdings Inc. 6.56 +1.05 (+19.06%)OPEN Opendoor Technologies Inc. 8.56 -0.81 (-8.64%)NVDA NVIDIA Corporation 186.86 -6.94 (-3.58%)SOFI SoFi Technologies, Inc. 28.39 -3.82 (-11.86%)PLUG Plug Power Inc. 2.4900 -0.2400 (-8.79%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 98,099.32 -3,413.04 (-3.36%)TSLA Tesla, Inc. 401.99 -28.61 (-6.64%)NVVE Nuvve Holding Corp. 0.4758 +0.3196 (+204.61%)^IXIC NASDAQ Composite 22,870.36 -536.10 (-2.29%)NVDA NVIDIA Corporation 186.86 -6.94 (-3.58%)Top economic events