On CNBC's "Options Action," Carter Worth said that Invesco QQQ Trust Series 1 (NASDAQ: QQQ) is up seven weeks in a row and it reached its all-time high last week.
Big Tech and cryptocurrencies seem to get all of the attention. But Thursday, it was the healthcare stocks that led the way.
The Health Care Select Sector SPDR Fund ETF (NYSE: XLV) follows the health care sector and it broke out to a new all-time high.
The SPDR S&P 500 ETF Trust (NYSE: SPY) has spent the last few days consolidating, but the rally is narrowing. This is a sign of weakness.
What To Know: In the second week of May, over 500 companies that trade on the NYSE made new 52-week highs. This week, less than 50 did.
Cathie Wood-led Ark Investment Management on Wednesday shed more weight in Palantir Technologies Inc (NYSE: PLTR), its second such sale in the data analytics company in recent months.
The SPDR S&P Biotech ETF (NYSE: XBI) is trading below an important resistance level, but the iShares Nasdaq Biotechnology ETF (NASDAQ: IBB) has broken out.