Market Snapshot: Semiconductors Lead as QQQ Eyes Previous Highs

Summary

Markets are gapping up on Tuesday, June 9th, with QQQ and SMH showing strength, while SPY lags slightly. The plan for the day focuses on key levels: breaking above previous day highs for continuation, or bouncing off previous day lows. Economic news is light until tomorrow's Core CPI release. Semiconductors, particularly AMD, Intel, and Micron, are leading the market with strong upward momentum. Tesla shows relative strength, with a key level at $415. Nvidia is lagging, while Apple saw a pullback after its WWDC event. Traders are watching for inside bar breaks on major indices like QQQ and SPY to target Friday's highs. Overall, the focus is on semiconductors leading a potential market rally.