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6/20 Market Blog

### Market Analysis for QQQ, SPY, and IWM


**QQQ (Invesco QQQ Trust)**

- **Current Price:** $485.21 (Last close)

- **After Hours Price:** $481.73

- **Price Change:** +0.04% (from open to close)

- **Technical Analysis:** QQQ is currently showing a **strong buy** signal. The price is trending upwards, supported by bullish indicators such as a rising MACD and a high RSI, suggesting strong momentum despite being overbought.


**SPY (SPDR S&P 500 ETF Trust)**

- **Current Price:** $548.49 (Last close)

- **After Hours Price:** $546.91

- **Price Change:** +0.24% (from open to close)

- **Technical Analysis:** SPY is advised to **hold**. It's in a bullish trend but nearing overbought conditions, indicating potential for a short-term pullback.


**IWM (iShares Russell 2000 ETF)**

- **Current Price:** $200.75 (Last close)

- **After Hours Price:** $199.87

- **Price Change:** +0.15% (from open to close)

- **Technical Analysis:** IWM has a **sell** signal. The indicators suggest a bearish trend with potential for a minor bounce back due to decreasing bearish momentum.


### Top Gainers and Losers with Unusual Market Activity


**Top Gainers:**

1. **Alpha and Omega Semiconductor Limited (AOSL)**

- **Current Price:** $32.58

- **Today's Volume:** $23.89M

- **Trend Direction:** Up

- **Option Flow Sentiment:** Bullish


2. **Gilead Sciences, Inc. (GILD)**

- **Current Price:** $68.52

- **Today's Volume:** $847.66M

- **Trend Direction:** Up

- **Option Flow Sentiment:** Bullish


3. **SPDR DJ Euro STOXX 50 Etf (FEZ)**

- **Current Price:** $51.42

- **Today's Volume:** $115.94M

- **Trend Direction:** Up

- **Option Flow Sentiment:** Bearish


**Top Losers:**

1. **Accenture plc (ACN)**

- **Current Price:** $306.30

- **Today's Volume:** $1.61B

- **Trend Direction:** Down

- **Option Flow Sentiment:** Bearish


2. **Jabil Inc. (JBL)**

- **Current Price:** $111.83

- **Today's Volume:** $253.59M

- **Trend Direction:** Down

- **Option Flow Sentiment:** Bearish


3. **Medpace Holdings, Inc. (MEDP)**

- **Current Price:** $397.72

- **Today's Volume:** $57.93M

- **Trend Direction:** Down

- **Option Flow Sentiment:** Bullish


These insights provide a snapshot of today's market dynamics, highlighting significant movements and technical positions of major ETFs along with stocks experiencing unusual market activity.

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Here are the recommended entry levels for QQQ, SPY, and IWM based on the latest technical analysis:


### QQQ (Invesco QQQ Trust)

- **Recommended Entry Level:** $480.00

- **Current Trend:** Strong Buy

- **Analysis:** QQQ is in a strong upward trend, supported by bullish indicators. The price is above key moving averages, and the RSI is high, indicating strong momentum. However, it's also in the overbought territory, suggesting caution.


### SPY (SPDR S&P 500 ETF Trust)

- **Recommended Entry Level:** $545.00

- **Current Trend:** Hold

- **Analysis:** SPY is showing a bullish trend but is nearing overbought conditions. The price is close to the upper Bollinger Band, and while the MACD is positive, the high RSI suggests potential for a short-term pullback.


### IWM (iShares Russell 2000 ETF)

- **Recommended Entry Level:** $200.00

- **Current Trend:** Sell

- **Analysis:** IWM is currently in a bearish trend, indicated by its price below the key moving averages and a MACD line below the signal line. The RSI is below 50, showing weak momentum, but there's a potential for a minor bounce back.


These entry levels are based on the current market conditions and technical indicators. It's important to monitor these levels closely and adjust your strategy accordingly.

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