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accuracy score 52.5 on QQQ over 38 QQQ calls · 642 days of data · rank 8 of 28 QQQ analysts (top 28.6%) · v20r-multi-sparsepen-strong-ss12m-20261012, computed Nov 11, 2026 · Methodology →
Cite asCryptoQuant has tracked 38 directional calls on QQQ by @markminervini on X since Jun 2022: ranked #8 of 28 analysts scored on QQQ by accuracy (as of Nov 11, 2026).
Other assets covered (39)
Absolute view by default: Mark Minervini states bull / bear plainly (99% of directional calls are outright).
Sentiment timeline shows relative sentiment within this analyst's history. A perma-bull showing 8 bullish : 2 bearish in a bear market sets that as their baseline. If you notice any errors, claim @markminervini to submit corrections.
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I don't think we're going to see an '87-style crash in percentage terms, but today could set the stage for some form of market meltdown that could potentially last a week or two. If the decline picks up steam, throw your oversold indicators out the window. My guess would be $SPY 10%-15% from peak with 20% as a worst case. Nasdaq could drop 20-25%. Possible 1998 cyclical bear market.
View original →The indexes are bifurcated and fail to tell the story beneath the surface. A large number of tech names are down 25% and many are down as much 50% or more. There are more than one-third of S&P 500 stocks down 20% or more, with only 34% of NASDAQ stock trading above their 200-day moving average lines. A stealth correction is already well underway. https://t.co/JXzFFTmMtn
View original →The S&P 500 and Nasdaq are trading less than 1% from their all-time highs. Although the major indexes largely avoided the typical August–September correction, significant weakness occurred beneath the surface. Many individual stocks corrected below key moving averages, breadth deteriorated, and equal-weighted indexes weakened while mega-cap strength supported the capitalization-weighted indexes. In effect, the market experienced a stealth correction, stock by stock. Evidence of that stealth correction can be seen clearly in market breadth. Despite the major indexes trading at or near all-time highs, the percentage of stocks trading above their 50- and 200-day moving averages has fallen to historically low levels. In fact, we have seen some of the lowest participation above these key moving averages ever recorded with the major indexes at or near all-time highs. That is an unusually large divergence between what the headline indexes are showing and what is actually happening beneath the surface. That could provide an interesting setup entering a historically favorable Q4, particularly during a midterm election year. If breadth improves and previously corrected stocks stabilize and regain their key moving averages, participation could broaden and strengthen the advance. Even without significant broadening, historical seasonality still favors the major indexes moving higher into year-end. Small-cap stocks, emerging markets, and many cyclical areas have lagged, leaving market gains increasingly concentrated among a handful of large-cap leaders. The resilience of AI-related themes, despite broader market weakness, continues to support the case for technology-oriented exposure. The primary complication remains interest rates and inflation. Nominal GDP growth remains strong, but historically the 10-year Treasury yield has averaged roughly 200–250 basis points above the GDP deflator; recently, that spread has been closer to 100 basis points. Either inflation needs to moderate and validate current yields, or Treasury yields may still have further to rise. A 10-year yield peaking near 5.25%, particularly alongside moderating inflation, would be constructive for equities. A decisive move above that level with inflation remaining elevated could create a significant headwind. Investors are also becoming increasingly discriminating about credit risk, with signs of widening spreads between lower-quality high-yield debt and investment-grade bonds. While the move is not yet indicative of a full-blown credit stress event, it represents another potential warning developing beneath the surface. When investors begin demanding greater compensation for owning lower-quality debt while equities remain near record highs, it can signal that risk perceptions are changing before those concerns become evident in the major stock indexes. For now, the trend remains positive, but selectivity is important. Focus on high-quality stocks emerging from sound bases with strong or improving relative strength and favorable price-volume characteristics. Most important, cut losses on all stock that fail, and only get aggressive on the heels of traction. NO FORCED TRADES. NO BIG LOSSES. The key question for Q4 is whether improving breadth and favorable seasonality can reinforce the uptrend—or whether persistent inflation, rising yields, and renewed distribution undermine it. https://t.co/JXzFFTmMtn
View original →New lows continue to outnumber new highs on both the NYSE and Nasdaq, while the NYSE advance-decline line has fallen to new lows—further evidence that participation beneath the surface remains weak. Small and mid-cap stocks continue to lag the major averages, and leadership is concentrated in a relatively narrow group of large-cap, capitalization-weighted names that appear to be benefiting from a flight to quality and perceived safety. At the same time, the macro backdrop remains challenging. The 10-year Treasury yield is holding above 5%, crude oil pulled back, but remains near $100 a barrel, and the Federal Reserve’s latest projections suggest a continued upward trajectory for rates. At the very least, investors will likely have to contend with at least one additional rate increase before year-end. Interestingly, some former high-growth stocks that underwent significant corrections are beginning to attract interest again—not necessarily because investors are embracing aggressive growth, but because lower prices have made their valuations more compelling relative to earnings and expected growth. In effect, some former momentum names are increasingly being viewed through a relative-value or PEG-ratio lens. As a result, many of these names have become extended and vulnerable to a pullback. Bottom line: this remains a highly bifurcated and selective market. The major capitalization-weighted indexes can give the appearance of broad strength even while a significant portion of the market is behaving considerably worse underneath. Until breadth improves, new highs expand, and leadership broadens beyond a concentrated group of names, I would continue to treat the strength in the headline indexes with a degree of skepticism and caution. We currently maintain a relatively light number of long positions. $TWLO, $DE, and $TEVA have held up well and continue to stand out as our strongest performers. On the defensive side, we remain short $IWM. We reduced the size of what had been an overweight short position, but continue to maintain a hedge given the ongoing weakness in small caps and the broader deterioration beneath the surface.
View original →We are seeing a market that, on the surface, appears to be moving into a Confirmed Uptrend, with several major indexes breaking out or moving to new highs. However, the underlying evidence is far less convincing. What is missing is a bona fide follow-through day—a strong advance of 1% or more on increased volume—accompanied by broad participation and a plentiful number of individual stocks breaking out and following through successfully. Without that confirmation, we view the action with a degree of suspicion. The market remains severely bifurcated. Small caps, represented by the Russell 2000 (IWM), remain near their lows, while the Dow and many economically sensitive cyclical stocks continue to lag. The real strength is concentrated in the mega-cap stocks that dominate the capitalization-weighted S&P 500 and Nasdaq, along with heavily weighted indexes such as the QQQ and FNGS. This kind of narrow leadership is more characteristic of a difficult, volatile, potentially late-stage environment than a healthy, broadly advancing market. Rising interest rates and elevated oil prices provide additional headwinds, and we are still in September, historically a challenging period for equities. Sentiment isn't providing much clarity either. Some measures are registering meaningful fear and bearishness, while others are closer to elevated levels of bullishness. In other words, the mixed picture in the indexes is also being reflected in sentiment. When the evidence is this conflicted, we drill down to what ultimately matters most: the individual stocks. If quality stocks are breaking out, following through, and rewarding us for taking risk, we participate. If they aren't, we stay defensive. Right now, the evidence at the individual-stock level is also mixed and lacking and does not provide the type of confirmation that would justify aggressive exposure. For now, we remain in a cautious, prove-it-to-me posture—taking selected opportunities where they present themselves, keeping risk tightly controlled, maintaining hedges, and allowing the market and our individual positions to earn our way into greater exposure. Become a Minervini Private Access member today and get the Minervini Markets 360 platform included. https://t.co/JXzFFTmMtn https://t.co/FfBnR93ojq https://t.co/TFyCpPHZis
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