$Invesco QQQ Trust (QQQ.US)$ 617 drop coming

75971343 : 625 tomorrow

intuitive Jackal_354 75971343 :

72241773 75971343 : I believe this depends on the INTC - could be construed as a telling of how the tech industries upcoming earnings will be.  If INTC is not a good report I expect further down side.

75418413 : 622

75971343 72241773 : what if intc revenue is good? market will rocket

WhatsInTheName OP 75971343 : INTC already priced in, i expect big drop

intuitive Jackal_354 WhatsInTheName OP : really, I thought it was preearnings risk off

WhatsInTheName OP intuitive Jackal_354 : lets see any bad it goes under 50 easily

72241773 WhatsInTheName OP : I would have to agree.  INTC priced in maybe over priced.    So in answer to the prior question of what if INTC revenue is good.   I would have thought it would remain flat or somewhat drop.   I 100% did not expect a drop like it currently is doing in AH.   But now look at how QQQs are reacting with INTC.   Even though INTC is not a heavy percentage of the QQQ - looks to be only 1.56% of the QQQ.   So if INTC were to drop 50%.   That would still only make the QQQ drop .75% .  With the rest of MAGS dropping or not holding strong due to many many administration failures and the world appearing to investing in themselves and not the US.    A Koch heiress who runs a Multibillion hedge fund stated in Davos to get out of US equities.    This all combined, they are looking at INTC as to maybe how to judge other chip stocks.