Market Movers: Tech Stocks Eye All-Time Highs

Summary

Markets are pushing towards all-time highs, with the QQQ targeting 750 and the SPY aiming for its own record levels. Semiconductor stocks like SMH are already breaking past previous highs, signaling strength in the tech sector. Key economic events this week include core retail sales and crucial FOMC statements and press conferences tomorrow. SpaceX is experiencing significant volatility, up 20% yesterday and an additional 5% in pre-market trading, with options expiring today. Individual tech stocks like Tesla are trading sideways around the 404 to 412 range, while Nvidia is aiming to reclaim 212. AMD is at its all-time highs, and Apple, Google, and Microsoft are all at critical technical levels. Meta and Amazon are showing mixed signals, with Netflix experiencing a downturn. The memory sector, including MU, SNDK, Intel, WDC, and TSM, is generally showing strength, with many gapping up and testing previous highs. Robinhood recently broke out and is looking for continuation above 95, while ARM and Qualcomm are also showing upward momentum. Dell is attempting to reclaim its gap fill high at 400.