Tech Stocks Extend Losses

The video discusses the impact of a recent Powell announcement on the tech sector, highlighting significant outflows from tech ETFs like QQQ. It also examines the performance of Vanguard communication services and the pressure on high valuation stocks due to potential rate normalization. The video contrasts high quality tech stocks with less profitable ones, noting recent sell-offs. Finally, it provides a technical analysis of the NASDAQ 100, focusing on the percentage of members above the 50-day moving average and potential market trends.

What does the text suggest about the performance of high-quality tech stocks?

What is the significance of the NASDAQ 100 members above the 50-day moving average?