Weekly Market Review

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Weekly Market ReviewInvesco QQQ Trust Series IBATS:QQQQuantSlopeLabs📉 SOXX: -8.24% on Friday First weekly close below its 200-day SMA since June 2025. Semiconductor weakness is becoming increasingly difficult to ignore. 📉 QQQ: -3.50% on Friday Still holding above its 200-day SMA, but Friday's selloff was significant. Another week of underperformance versus the S&P 500. 🇰🇷 KOSPI: -3.48% on Friday Third consecutive week of underperformance versus the S&P 500 and third consecutive weekly close below its 200-day SMA. 🥇 GOLD: -3.61% on Friday Negative price action and a break below the $4,000 support level. Gold continues to underperform the S&P 500, now since May 2026. ₿ BTC: -0.93% on Friday Still holding above its 200-day SMA and continuing to outperform the S&P 500. Relative strength remains constructive. 🔵 AAVE: +8.20% on Friday Now 11 consecutive weeks above its 200-day SMA and 11 weeks of outperformance versus the S&P 500. 🔵 LINK: +8.00% on Friday 12 consecutive weeks above its 200-day SMA and 12 weeks of outperformance versus the S&P 500. The takeaway: Traditional growth assets and gold are showing signs of weakness. Meanwhile, crypto is demonstrating relative strength despite Friday's sharp selloff in tech stocks and the reported Binance hack. Follow the price, not the noise.