TMT Daily Focus List: Weekly Watchlist (June 23rd- June 27th)
- Weekly Watchlist 6/23 - 6/27 2025 - additions daily
Market Macro
S&P 500 ($SPX) - The losses in the futures have been all but erased as even oil has turned lower. Markets look to churn near last week’s ranges at the open and if we stay north of $5950 and above the 21 EMA, we could see a move back to the high end of the range over the last two weeks develop. We could certainly experience a breakdown with all the headlines, but with oil lower, many consider the shock or potential for Iran retaliation to be a low probability event.
QQQ Trust (QQQ) - Looking at a 10- minute one month chart, there is an area of support around $525 and below around $523. If we break $525, it would be a negative signal and could create a significant leg lower. On the upside, a move back over $528 could create a move back over $530, so I will watch the price action closely today.
