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Friday marks 81 years since D-Day, the first day of the Normandy landings that laid the foundations for the Allied defeat of Nazi Germany in World War II.

The invasion – codenamed Operation Overlord – saw of tens of thousands of troops from countries including the United States, the United Kingdom and Canada landing on five stretches of the coastline of Normandy, France – codenamed Utah, Omaha, Gold, Juno and Sword beaches.

Planning for D-Day began more than a year in advance, and the Allies carried out substantial military deception to confuse the Germans as to when and where the invasion would take place.

When was D-Day?

The operation was originally scheduled to begin on June 5, 1944, when a full moon and low tides were expected to coincide with good weather, but storms forced a 24-hour delay. Allied divisions began landing on the five beaches at 6:30 a.m. on June 6.

What does D-Day stand for?

The term ‘D-Day’ was military code for the beginning of an important operation, with the first ‘D’ being short for ‘Day.’ This means that D-Day actually stands for ‘Day-Day.’

According to the Royal British Legion, the phrase ‘D-Day’ was used fairly often before the Allied invasion in June 1944. After this, however, the two became synonymous, and now D-Day is commonly understood to refer to the beginning of Operation Overlord.

Which Allied countries were involved?

D-Day saw unprecedented cooperation between international armed forces, with more than 2 million troops in the UK in preparation for the invasion, according to the Imperial War Museums (IWM).

Most of these troops were American, British and Canadian, the IWM reports, but troops also came from Australia, Belgium, the Czech Republic, France, Greece, the Netherlands, New Zealand, Norway, Rhodesia (now Zimbabwe) and Poland to participate in Operation Overlord.

What preparations were made?

The Allied troops’ invasion was coordinated across air, land and sea, in what can be described as amphibious landings.

These were preceded by an extensive bombing campaign to damage German defenses, as well as the employment of deception tactics.

Operation Bodyguard was an umbrella term for the deception strategy leading up to the Allies’ invasion of Europe in June 1944. Operation Fortitude was a tactic under this umbrella specifically related to the Normandy invasion, and was intended to make Nazi Germany believe that the initial Normandy attacks were merely a diversion and that the true invasion would take place elsewhere.

According to the IWM, Fortitude North intended to trick the Germans into believing that the Allies would attack Norway, and Fortitude South was designed to convince the Germans that the Allies were going to invade Pas de Calais, a French department northeast of Normandy that is closer to the UK.

What happened on D-Day?

The US troops were assigned to Utah beach at the base of the Cotentin Peninsular and Omaha Beach at the northern end of the Normandy coast. The British subsequently landed on Gold Beach, followed by the Canadians at Juno, and finally the British at Sword, the easternmost point of the invasion.

By midnight, the troops had secured their beachheads and moved further inland from Utah, Gold, Juno and Sword.

However, not all the landings were successful; US forces suffered substantial losses at Omaha Beach, where strong currents forced many landing craft away from their intended positions, delaying and hampering the invasion strategy.

Heavy fire from German positions on the steep cliffs, which had not been effectively destroyed by Allied bombing before the invasion, also caused casualties.

How did the Germans try to defend themselves?

According to the IWM, Germany’s reaction to Operation Overlord was “slow and confused.”

Weather conditions on June 6 were still poor, many senior commanders were not at their posts, and Operation Fortitude convinced Adolf Hitler that the Normandy invasion was a feint before a bigger attack at Pas de Calais.

Germany’s air force was in action elsewhere, countering American bombing operations over Germany. Its navy ships were docked in ports or already destroyed by the Allies. This left only the German army to defend against Operation Overlord, according to the IWM.

On top of this, the success of Operation Fortitude meant that many army units were kept away from the Normandy battlefield until July, as an attack in Pas de Calais was still expected.

German troops manning coastal defenses “did as much as they could have been expected to,” the IWM says, before eventually being “silenced” and Allied units advanced inland.

How many people died on D-Day?

On D-Day alone, around 4,440 Allied troops were confirmed dead, according to the Commonwealth War Graves Commission (CWGC), with more than 5,800 troops wounded or missing.

Because Omaha Beach was the bloodiest landing beach, the US Army lost the most men in the amphibious landings. Some 2,500 American troops died in the beach assault and airborne operations on D-Day, according to the CWGC.

The precise number of German casualties on the day is unknown, but they are estimated to be between 4,000 and 9,000.

Who were the Bedford Boys?

Of the tens of thousands of troops that stormed the beaches of Normandy on D-Day, 44 were soldiers, sailors and airmen from Bedford, Virginia, in the US.

Within minutes of reaching Omaha Beach, 16 of these men were killed and four were wounded. Another Bedford soldier was killed elsewhere on Omaha Beach, and three others were presumed killed in action, bringing Bedford’s D-Day fatality figure to 20 men.

According to the National D-Day Memorial Foundation, Bedford suffered the highest known per capita D-Day loss in the US.

What followed D-Day?

Despite securing a stronghold on the French coast on D-Day, the Allied forces faced the risk that German bombardment could push them back into the sea.

They needed to build up troop numbers and equipment in Normandy faster than the Germans, allowing for a continued invasion into mainland Europe.

The Allies used their air power to slow the German advance toward Normandy by blowing up bridges, railways and roads across the region. This allowed the Allies to gain total control of Normandy 77 days later and move on toward Paris, which they liberated in August 1944.

What impact did the operation have on the war?

The US Department of Defense calls D-Day the “successful beginning of the end of Hitler’s tyrannical regime.” The IWM calls it the “most significant victory of the Western Allies in the Second World War.”

By being able to get forces into Normandy, the Allies were able to begin their advance into northwest Europe. Though World War II lasted nearly another year in Europe, the success of Operation Overlord led to the liberation of France and allowed the Allies to fight the Germans in Nazi-occupied Europe.

The US’ National World War II Museum says that a good way to appreciate the significance of D-Day is to imagine what would have happened if the operation had failed. According to the museum, another landing would have not been possible for at least a year.

In this time, Hitler could have strengthened Nazi-occupied Europe’s coastal defenses, developed aircraft and weapons, bombed the UK even more heavily and continued his killing campaign, the museum says.

Fighting by the Allies on the western front and Russian soldiers on the eastern front eventually led to the defeat of the German Nazi forces.

On May 7, 1945, the German Third Reich signed an unconditional surrender at Reims, France. Victory in Europe (V-E) Day is celebrated the following day as that’s when the armistice went into effect.

This post appeared first on cnn.com

Russian ballistic missiles and drones have been launched toward Ukraine from multiple directions, the Ukrainian Air Force said on Telegram Friday.

Tkachenko accused Russia of hitting residential areas with the drone attack, saying a high-rise building the the Solomyansky district of Kyiv was damaged.

Kyiv’s Mayor Vitali Klitschko also reported fires in the districts of Holosiivskyi and Darnytskyi of the Ukrainian capital.

Ukrainian air defense units have been activated in the Obolon area of Kyiv, Klitschko said on Telegram early Friday morning local time.

“The attack on the capital continues. Stay in shelters!” the mayor said.

The Russian missile attack on Ukraine comes days after Ukraine’s security service launched a series of daring, large-scale drone attacks deep inside Russia, striking airfields and hitting 41 Russian military aircraft.

On Tuesday, Ukraine also launched an attack on the Kerch Bridge, the only direct connection point between Russia and the annexed Crimean Peninsula, with 1,100 kilograms of explosives that had been planted underwater.

This is a developing story and will be updated.

This post appeared first on cnn.com

North Korea says it has successfully refloated a new destroyer that capsized upon launch last month, with state media reporting the damaged vessel will be moved to a dry dock in a different shipyard for repairs.

“After restoring the balance of the destroyer early in June, the team moored it at the pier by safely conducting its end launching on Thursday afternoon,” a report from the state-run Korean Central News Agency (KCNA) said.

A satellite photo taken by Planet Labs on June 5 showed the formerly stricken vessel righted and seemingly floating in water away from the pier where the disastrous launch took place.

The 5,000-ton destroyer is the country’s newest warship and was meant to be a triumph of North Korea’s ambitious naval modernization effort.

Instead, a malfunction in the launch mechanism on May 21 caused the stern to slide prematurely into the water, crushing parts of the hull and leaving the bow stranded on the shipway, KCNA reported at the time. A day later, state media reported the damage was not as bad as initially feared.

Meanwhile, North Korean leader Kim Jong Un, who witnessed the failed launch in the northeastern city of Chongjin, called it a “criminal act,” and the government quickly said it arrested four people it claims are responsible for the launch accident.

Kim ordered officials to swiftly repair the as-yet-unnamed ship before the late-June plenary session of the ruling Workers’ Party, calling it a matter of national honor.

KCNA reported Friday that Kim’s goal will be met.

“The next-stage elaborate restoration is to be carried out at the dry dock of the Rajin Dockyard for the period of 7-10 days,” KCNA reported, adding that Central Committee Secretary Jo Chun Ryong, who is leading the repair effort, said “the perfect restoration of the destroyer will be completed without fail” before the plenary meeting.

The quick action to refloat the ship surprised analysts, who, based on satellite images of the accident, thought the process would take much longer.

“Sheer manpower and – let’s face it – an innovative approach to righting the ship, delivered a solution in two weeks that people like me didn’t expect for four to six,” said analyst Carl Schuster, a former US Navy captain.

The innovative approach apparently was using aerostatic balloons attached to the ship’s hull to help balance and refloat it, satellite imagery showed.

Damage to the hull was less severe than analysts expected when they saw what happened on May 21.

During the sideways launch, in which the ship was supposed to slide into the water laterally, the stern of the warship slipped into the water while the bow remained on land.

Analysts thought the stresses placed on the hull and keel during such an accident could have potentially led to its scrapping.

But “the hull damage must have been significantly less than estimated,” Schuster said.

Schuster said if North Korea can devote the same effort to internal repairs to the warship as it did to refloating it, it could be made ready for sea trials much sooner that he would have thought after the accident.

Internal spaces of the ship, as well as machinery and electronics, will have to be purged of sea water and dried salt in the repair process, he said.

“Nearly everything is doable if you are willing to commit the resources and have the human talent to employ it,” Schuster said.

This post appeared first on cnn.com

The fragile trade truce between the United States and China has, for now, been pulled back from the brink.

US President Donald Trump finally got his long-anticipated phone call with Chinese leader Xi Jinping, during which the two agreed to resume trade talks that had stalled over accusations from each side that the other had reneged on previous promises.

Thursday’s 90-minute conversation brought a temporary reprieve from an escalating feud between the superpower rivals, but it offered no clear path toward resolving their deep-rooted divisions – especially over crucial supply chains that both sides consider vital to national security.

US officials accused China of backpedaling on its pledge made during May talks in Geneva to ease export restrictions on rare earth minerals critical to a wide range of industries. Beijing, meanwhile, has bristled at Washington’s moves to warn companies against using China’s most advanced AI chips, restrict chip design software sales to China and “aggressively revoke” Chinese student visas.

“After what happened during the past 10 days, I already call (the phone call) a win,” said Yun Sun, director of the China program at the Washington-based Stimson Center think tank.

“Both sides acknowledge that this was a positive interaction, and the two leaders coming together can solve problems. It’s good for their strong man image and leadership credentials.”

While Trump had repeatedly expressed keenness for the call, including complimenting Xi’s toughness in a late-night social media post this week, Xi has taken his time in picking up the phone.

“The Chinese state is under significantly less pressure than its American counterpart in coming to the negotiating table,” said Brian Wong, an assistant professor at the University of Hong Kong. “The Chinese leadership joined the call from a position of political strength, even whilst economic concerns are very much alive and real.”

Supply chain bottlenecks

Trump’s eagerness to talk – and his speediness in declaring that he had “straightened out” the dispute over rare earth exports with Xi – has once again demonstrated to the Chinese leader just how powerful his nation’s dominance in the sector is.

Since April, when China announced the export controls, the new system has disrupted the shipment of the minerals, raising alarms among officials and businesses alike in Europe and America.

In the Chinese readout, Xi insisted that China had “seriously and earnestly” complied with the agreement, even as US officials have repeatedly accused Beijing of slow-walking approvals for rare earth exports.

Wu Xinbo, director of the Center for American Studies at Fudan University in Shanghai, noted that official rules dictate that applications for export licenses can take up to 45 working days to be approved.

“In principle, I can agree to export to you, but I can speed things up or slow them down. In reality, on a technical level, it also depends on the overall bilateral trade and economic atmosphere,” he said. “If the bilateral relationship is good, then I’ll go a bit faster; if not, I’ll slow down. But you can’t say I’m violating the agreement — I’m still following the standard procedures.”

While American businesses are likely to see more export licenses approved in the next couple of weeks, according to Wu, the export control regime is here to stay.

Zhiqun Zhu, director of the China Institute at Bucknell University in Pennsylvania, put it more bluntly, calling China’s dominance on rare earths “one of the few cards” it holds in the trade war.

“Why would the US government expect China to give up the rare earth card to please the US if it treats China as the enemy?” he wrote in an article prior to the Trump-Xi call.

In the days leading up to the phone call, Chinese scholars have suggested that Beijing should use its leverage on rare earths to get Washington to ease its own export controls on cutting-edge chips. Unlike rare earths, China doesn’t dominate this industry at the highest levels, and it views any supply bottleneck on the US side as an obstacle to its technological development.

Following his conversation with Xi, Trump announced that Commerce Secretary Howard Lutnick will join Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer in the next round of trade talks.

That was noted by observers in both China and the US as a sign that US export controls may now be up for negotiation in a potential win for Beijing.

“The US Department of Commerce is responsible for export controls, which means that in the next stage, China-US negotiations will likely go beyond tariffs and also address issues such as export controls and entity sanctions,” Wu said.

During his first term in office, Trump lifted a ban on American companies doing business with Chinese telecom giant ZTE at Xi’s request to get a trade deal. But six years on, easing export controls on China will be a tough sell in Washington, where blocking Beijing’s access to advanced American technologies has become a rare bipartisan issue.

“Just having Lutnick there (in the trade talks) doesn’t mean that the US is going to make concessions on semiconductors,” Sun said.

She predicts more flare-ups of tensions down the road. “This ‘three steps forward two steps back’ is going to be the norm from now on. We’re not going to see a deal agreed without any drawbacks, and we’re going to see this repeating itself,” she added.

Different approaches

While the call signaled temporary relief, it also exposed stark differences in how the US and China approach their trade disputes: Trump tends to treat trade as a primary and standalone issue, whereas Beijing often views it in the context of broader bilateral relations.

Trump said in his Truth Social post that the hour-and-a-half conversation phone call was “focused almost entirely on TRADE,” while the Chinese readout singled out Xi’s stern warning on Taiwan – the reddest of lines for Beijing – and the issue of Chinese student visas.

The Chinese leader urged the US to “handle the Taiwan question with prudence” so that “‘Taiwan independence’ separatists” will not be able to “drag China and America into the dangerous terrain of confrontation and even conflict.”

The contrast strikes at the core of the gulf between China and the US, Wong said.

“Whilst Trump views the competition through primarily trade surplus/deficit terms, Xi views territorial integrity as … more important than the country’s economic interests,” he said.

From Beijing’s perspective, there are plenty of worrying signs. Last weekend, US Defense Secretary Pete Hegseth warned Asian allies that China posed an “imminent” threat to Taiwan, a self-governing democracy Beijing views as its own and has vowed to take control of, by force if necessary.

Days before, Reuters had reported, citing US official sources, that Washington plans to ramp up weapon sales to Taipei to a level exceeding Trump’s first term as part of an effort to deter China’s intensifying military pressure.

Another issue of concern for Beijing is the fate of Chinese students in the US. Last week, Secretary of State Macro Rubio, a known China-hawk, announced a plan to “aggressively revoke” visas for Chinese students, a move that has caused widespread anxiety and anger in China.

The Chinese readout quoted Trump as saying that Chinese students are welcome in the US. Trump later told reporters in the Oval Office: “Chinese students are coming. No problem. No problem. It’s our honor to have them.”

Wu said the adjustment of the visa policy will be a test of Trump’s leadership. During their call, Xi told Trump that the two leaders should “take the helm and set the right course” for bilateral relations, saying it’s particularly important to steer clear of “various disturbances and disruptions.”

“This remark had a clear target – it implies that within Trump’s team, there are people trying to disrupt or undermine the bilateral relationship, so now it’s up to President Trump to show leadership,” Wu said.

This post appeared first on cnn.com

As more parts of the world face intense drought, new technologies are emerging to clean and reuse existing water. Investors are seeing potential for big profits.

Water treatment is expensive. It uses a lot of energy and produces its own waste that gets disposed of at a hefty price. Capture6, a startup in Berkeley, California, says it’s developing a solution, and one with an added benefit to the environment.

Capture6′s technology repurposes industrial and water treatment waste, generating clean water and capturing carbon dioxide from the atmosphere.

“That combination of water treatment, brine management, and carbon capture all at once is part of what makes us unique, what makes our process innovative,” said Capture6 CEO Ethan Cohen-Cole, who co-founded the company in 2021. “We are able to do so at reduced energy costs.”

The process is complex. It starts with the waste from any sort of water treatment process. Once the solids are removed, that waste is called brine, which is leftover water plus concentrated salt — sodium chloride. Treatment facilities usually have to pay to get rid of it.

But Capture6 takes that brine, strips out the fresh water and separates the salt into sodium and chlorine. It then turns the sodium into lye.

“That lye has the really neat property that if you expose it to the air, it will bond with CO2 and strip it from the air, and that’s the punch line to the process,” said Cohen-Cole. “We have processed the waste salt, we’ve returned fresh water to our partner, and we’ve captured CO2 from the air.”

It’s a particularly attractive proposition in areas most in need of clean water. Capture6 is working in Western Australia, South Korea, and in drought-stricken California, at the Palmdale Water District north of Los Angeles. The district is still testing the technology, but is already projecting huge cost savings in its brine management.

“It will save us 10% on that capital cost, as well as saving us 20 to 40% in operational costs,” said Scott Rogers, assistant general manager at Palmdale Water District. “We’re recovering anywhere from 94% to 98% water out of water that would just normally be wasted.”

Rogers says it’s early but when more facilities start using the technology, it will create a circular economy that can benefit the environment.

Capture6 has raised $27.5 million from Tetrad Corporation, Hyundai Motors, Energy Capital Ventures, Elemental Impact and Triple Impact Capital.

Cohen-Cole says the company’s entire process could run on renewable energy, so all of the CO2 that it captures will be net negative, improving the environment. That allows the company to generate added revenue by selling carbon credits.

It’s just one technology in a growing field of carbon capture, removal and sequestration. Others include direct air capture, burying carbon underground or injecting it into the ocean.

The Trump Administration recently canceled $3.7 billion worth of awards for new technology, including carbon capture, to fight climate change. Capture6 has received funding from the U.S. Department of Energy and from state-level sources including California, according to the company. So far, none of that has been canceled.

— CNBC producer Lisa Rizzolo contributed to this piece.

This post appeared first on NBC NEWS

Use of low-cost e-commerce giants Temu and Shein has slowed significantly in the key U.S. market amid President Donald Trump’s tariffs on Chinese imports and the closure of the de minimis loophole, new data shows.

Temu’s U.S. daily active users (DAUs) dropped 52% in May versus March, before Trump’s tariffs were announced, while those at rival Shein were down 25%, according to data shared with CNBC by market intelligence firm Sensor Tower.

DAUs is a measure of the number of people who visit or interact with a platform every 24 hours. Monthly active users (MAUs), a measure of user engagement over a 30-day period, was also down at Temu (30%) and Shein (12%) in May versus March.

The declines were also reflected in both platforms’ Apple App Store rankings. Temu averaged a rank of 132 in May 2025, down from an average top 3 ranking a year ago, while Shein averaged a rank of 60 last month versus a top 10 ranking the year prior, the data showed.

Neither Temu nor Shein immediately responded to CNBC’s request for comment.

The user drop off comes as both Temu and Shein have pulled back on U.S. advertising spend over recent months since the Trump administration’s tariff announcements.

Trump in April announced sweeping tariffs on Chinese imports, including the end of the “de minimis” tariff exemption on May 2, which allowed companies to ship low-cost goods worth less than $800 to the U.S. tariff-free.

In May, Temu’s U.S. ad spend fell 95% year-on-year while Shein’s was down 70%.

“Temu and Shein’s decline in US ad spend was also noticeable in April, as spend decreased by 40% and 65% YoY, respectively,” Seema Shah, vice president of research and insights at Sensor Tower, said in emailed comments to CNBC.

Both Temu and Shein also altered their logistics models in the wake of tariffs, shifting away from a drop shipping model, which allowed them to send items directly from Chinese suppliers to U.S. consumers, and instead, particularly in Temu’s case, building up a network of U.S. warehouses.

Rui Ma, founder and analyst at Tech Buzz China, said such moves were also likely to have impacted the companies’ ad spend strategy and customer acquisition patterns.

“All these additional costs and regulatory hurdles are clearly hurting Chinese platforms’ U.S. growth prospects,” she wrote in emailed comments.

Tech Buzz China research from March showed that a 50% tariff would be the point at which Temu would lose most of its price advantages and find it difficult to operate. The tariff on former de minimis imports currently stands at 54%, having been lowered from 120% amid a 90-day tariff truce between the U.S. and China.

Last week, Temu’s parent company PDD Holdings reported first-quarter earnings below estimates and pointed to tariffs as a significant pressure on sellers.

Temu’s popularity has nevertheless picked up outside the U.S., with non-U.S. users rising to account for 90% of the platform’s 405 million global MAUs in the second quarter, according to HSBC.

Writing in a note last week, HSBC analysts said that was “supported by growth in Europe, Latin America, and South America.” They added that the swiftest of that growth occurred in “less affluent markets.”

“Many (Chinese platforms) are now actively redirecting their efforts toward other markets such as Europe,” Ma said.

This post appeared first on NBC NEWS

Discover the top 10 stock charts to watch this month with Grayson Roze and David Keller, CMT. From breakout strategies to moving average setups, the duo walk through technical analysis techniques using relative strength, momentum, and trend-following indicators.

In this video, viewers will also gain insight into key market trends and chart patterns that could directly impact your trading strategy. Whether you’re a short-term trader or a long-term investor, this breakdown will help you stay one step ahead.

This video originally premiered on May 30, 2025. Click on the above image to watch on our dedicated Grayson Roze page on StockCharts TV.

You can view previously recorded videos from Grayson at this link.

In this video, Mary Ellen highlights key areas of the stock market that gained strength last week, including Staples and Aerospace stocks. She also shares several Dividend Aristocrat stocks that can help stabilize your portfolio in times of market volatility. Whether you’re seeking defensive plays or looking to align with sector rotation trends, this video provides practical insights to strengthen your trading strategy.

This video originally premiered May 30, 2025. You can watch it on our dedicated page for Mary Ellen’s videos.

New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.

If you’re looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.

In this market update, Frank breaks down recent developments across the S&P 500, crypto markets, commodities, and international ETFs. He analyzes bullish and bearish chart patterns, identifies key RSI signals, and demonstrates how “Go No Go Charts” can support your technical analysis. You’ll also hear updates on Ethereum, Bitcoin, the Spain ETF, silver miners, USO (oil), and sector ETFs like XLP and XLV.

This video originally premiered on June 3, 2025.

You can view previously recorded videos from Frank and other industry experts at this link.

Despite the uncertainty prevailing in the markets, the Nasdaq 100 Index ($NDX) has proven resilient, perhaps more so than its peer benchmarks. The 90-day trade truce between the U.S. and China, initiated in May, boosted investor confidence. Yet that’s now at risk amid mutual accusations of violations.

Nevertheless, markets rallied on Tuesday morning after news that April job openings, one of a few key reports leading up to Friday’s jobs report, were better than expected. Still, signs of weakening demand, rising deficits, and declining CEO confidence suggest the economy remains fragile.

Why QQQ May Be Worth Watching Right Now

In light of the current environment, is it worth adding positions to Invesco QQQ Trust (QQQ), an $NDX proxy?

Shifting over to the StockCharts Market Summary page, you can see just how well $NDX is performing.

$NDX Breadth Metrics Reveal Bullish Participation

FIGURE 1. BREADTH AND BPI PANELS ON THE MARKET SUMMARY PAGE. While other indexes are growing increasingly bullish, you can see how the $NDX stands out.

Examining the Breadth panel on the left and zooming in on the moving averages, the $NDX has the most stocks trading above the 200-day simple moving average (SMA), a bullish signal considering that breadth of participation is critical when gauging the performance of an index. On the right panel, another breadth reading — the Bullish Percent Index (BPI) — tells you that 76% of the stocks in the index are triggering Point & Figure Buy Signals, giving you another angle on breadth, which happens to be in alignment.

Now that you’ve seen how $NDX is outperforming in terms of breadth, you’re probably curious about how many stocks are hitting new highs relative to the other indexes. Also, are there any particular standout subsectors or industries?

The New Highs panel can help answer both questions.

FIGURE 2. MARKET SUMMARY NEW HIGHS PANEL. The $NDX leads across the board, which asks the next question: Are there any standout sectors or industries represented within the index?

The $NDX has the highest percentage of stocks hitting new highs. If you click the Nasdaq 100 link, it will bring up a list of stocks in the index. The ones with a StockCharts Technical Rank (SCTR) score above 90 are listed below.

FIGURE 3. $NDX STOCKS WITH SCTR SCORES ABOVE 90. It’s a mixed bag in terms of industry.

The mix of subsectors and industries indicates there’s no one particular grouping (like all semiconductors or all AI stocks) leading the index. The $NDX’s outperformance is distributed across different areas.

So, back to the original question: is it worth entering or adding positions to QQQ?

Strategically, the outlook is murky. Geopolitical tensions and policy reversals can shift the market landscape overnight. But tactically, technical signals may offer potential entry points if you know where to look.

QQQ Weekly Chart: A Technical Rebound With Caveats

Let’s start with a broader view of QQQ, which is the likely investment vehicle for those who want to go long the $NDX. Here’s a weekly chart.

FIGURE 4. WEEKLY CHART OF QQQ. The ETF sharply recovered from a steep drop, but is there enough investor conviction to break above, or even test, its all-time high?

You can see how QQQ recovered sharply from its drop over the last quarter. While it’s trading above its 40-week SMA (equivalent to the 200-day SMA), you can also see how the 10-week SMA (or 50-day SMA equivalent) has fallen below it. Is it a false Death Cross signal, or is it indicating that the QQQ may not have enough momentum or investor conviction to test and break above its all-time high?

Zooming In: Key Support and Resistance Levels

To get a clearer picture, let’s zoom in on a daily chart.

This chart shows QQQ’s recovery in detail. There are several technical features converging to suggest critical support and resistance areas.

FIGURE 5. DAILY CHART OF QQQ. The key zones are highlighted. Now it’s a matter of seeing what QQQ does next.

Here’s a breakdown of the key things to watch:

  • Note the long Volume-by-Price levels (on the left) and how they correspond to the green- and yellow-shaded areas, indicating a high concentration of trading activity which can serve (or has served) as support and resistance.
  • The green range is where QQQ’s price is currently hovering, and the question is whether the ETF can break above it, opening up a path to test its all-time highs, or whether it will fall further.
  • The space between the 200-day SMA and the yellow-shaded area marks a critical support range. QQQ has respected the 200-day SMA before, bouncing off it as price tested the level (blue arrows).
  • The yellow-shaded area, another support range, marks a convergence of historical swing highs and lows (see blue arrows), serving as both resistance and support. It’s also another area of concentrated trading activity.

If QQQ falls below the green area, failing to advance higher, then you can expect support at the 200-day SMA (near $495) or the yellow-shaded range ($465 – $470). Below that, there’s another support range (shaded in red) near $430, but a decline to this level might also suggest weakness in investor conviction.

So far, the Relative Strength Index (RSI) is just below the 70-line, indicating room to run should there be enough momentum to advance it. However, the Chaikin Money Flow (CMF), though well above the zero line, shows that buying pressure may be dwindling a bit, enough to watch closely, since volume often precedes price direction.

At the Close

The Nasdaq 100 may be navigating a messy macro backdrop, but its breadth, momentum, and leadership show promise. Strategically, the terrain is uncertain. Tactically? The charts suggest a practical setup for those who are looking to lean into strength.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your personal and financial situation, or without consulting a financial professional.