📉 SOXX: -8.24% on Friday
First weekly close below its 200-day SMA since June 2025. Semiconductor weakness is becoming increasingly difficult to ignore.
📉 QQQ: -3.50% on Friday
Still holding above its 200-day SMA, but Friday's selloff was significant. Another week of underperformance versus the S&P 500.
🇰🇷 KOSPI: -3.48% on Friday
Third consecutive week of underperformance versus the S&P 500 and third consecutive weekly close below its 200-day SMA.
🥇 GOLD: -3.61% on Friday
Negative price action and a break below the $4,000 support level. Gold continues to underperform the S&P 500, now since May 2026.
₿ BTC: -0.93% on Friday
Still holding above its 200-day SMA and continuing to outperform the S&P 500. Relative strength remains constructive.
🔵 AAVE: +8.20% on Friday
Now 11 consecutive weeks above its 200-day SMA and 11 weeks of outperformance versus the S&P 500.
🔵 LINK: +8.00% on Friday
12 consecutive weeks above its 200-day SMA and 12 weeks of outperformance versus the S&P 500.
The takeaway:
Traditional growth assets and gold are showing signs of weakness. Meanwhile, crypto is demonstrating relative strength despite Friday's sharp selloff in tech stocks and the reported Binance hack.
Follow the price, not the noise.
First weekly close below its 200-day SMA since June 2025. Semiconductor weakness is becoming increasingly difficult to ignore.
📉 QQQ: -3.50% on Friday
Still holding above its 200-day SMA, but Friday's selloff was significant. Another week of underperformance versus the S&P 500.
🇰🇷 KOSPI: -3.48% on Friday
Third consecutive week of underperformance versus the S&P 500 and third consecutive weekly close below its 200-day SMA.
🥇 GOLD: -3.61% on Friday
Negative price action and a break below the $4,000 support level. Gold continues to underperform the S&P 500, now since May 2026.
₿ BTC: -0.93% on Friday
Still holding above its 200-day SMA and continuing to outperform the S&P 500. Relative strength remains constructive.
🔵 AAVE: +8.20% on Friday
Now 11 consecutive weeks above its 200-day SMA and 11 weeks of outperformance versus the S&P 500.
🔵 LINK: +8.00% on Friday
12 consecutive weeks above its 200-day SMA and 12 weeks of outperformance versus the S&P 500.
The takeaway:
Traditional growth assets and gold are showing signs of weakness. Meanwhile, crypto is demonstrating relative strength despite Friday's sharp selloff in tech stocks and the reported Binance hack.
Follow the price, not the noise.
Follow the price, not the noise.
Track my real portfolio based on the Trend following strategy:
tradingview.com/portfolios/c38fd11f21e64b48b474515240853856/
Track my real portfolio based on the Trend following strategy:
tradingview.com/portfolios/c38fd11f21e64b48b474515240853856/
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Follow the price, not the noise.
Track my real portfolio based on the Trend following strategy:
tradingview.com/portfolios/c38fd11f21e64b48b474515240853856/
Track my real portfolio based on the Trend following strategy:
tradingview.com/portfolios/c38fd11f21e64b48b474515240853856/
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.