TMTB EOD Wrap

Good afternoon. QQQs +70bps as the meme craze seemed to flat line for a bit in the afternoon. Seeing some good price action in TMT. For example, in semis more stocks at or close to new highs, NVDA breaking through $900, and even AMD acting a bit better. And analog names like TXN/NXPI/MCHP already at 52wk highs. Semis have been the leader the last year and half, so to me that bodes well for market direction - and unlike the last couple years, analog names are now participating. Even seeing some potential soon to be 52wk in sw from MSFT + CRWD, although saw flows into semis at the expense of sw/internet today. Saw non profitable tech outperform again but overall breadth much better today than yesterday.