August 21, 2025

By Nigam Arora

To gain an edge, this is what you need to know today.

All Depends On Powell

Please click here for a chart of Nasdaq 100 ETF (QQQ).

Note the following:

• The chart shows a five day losing streak in tech stocks.
  • This is the first time tech stocks have experienced such a losing streak in 2025.
  • Last time it happened was in November 2024, and prior to that was January 2024.  Both times, tech stocks subsequently went higher.
  • If tech stocks close lower today, it will be troublesome – tech stocks have not seen a six day losing streak since the bear market of 2022.