To The Moon

Even as $Invesco QQQ(QQQ)$ slipped to a fresh one-month low this week, a small group of stocks continued to demonstrate notable relative strength by closing above all of their key moving averages.

This week's leaders include:

• $Hewlett Packard Enterprise(HPE)$ — Communication Equipment

• $Dell Technologies Inc.(DELL)$ — Computer Hardware

• $Csquare, Inc.(CSQR)$ — Information Technology Services

• $Cipher Mining Inc.(CIFR)$ — Information Technology Services

• $Gates Industrial Corp PLC(GTES)$ — Specialty Industrial Machinery

• $Doncasters Group (DPC Holdings)(DPC)$ — Aerospace & Defense

• $10x Genomics, Inc.(TXG)$ — Health Information Services

• $Bruker(BRKR)$ — Medical Devices

• $Avantor, Inc.(AVTR)$ — Medical Instruments & Supplies

• $Venture Global, Inc.(VG)$ — Oil & Gas Midstream

• $Smurfit WestRock PLC(SW)$ — Packaging & Containers

• $International Paper(IP)$ — Packaging & Containers

• $Hasbro(HAS)$ — Leisure

• $General Motors(GM)$ — Auto Manufacturers

• $AMC Entertainment(AMC)$ — Entertainment

• $cleveland-cliffs(CLF)$ — Steel

What stands out is the breadth of leadership. The list spans technology, industrials, healthcare, energy, consumer discretionary, materials, and defense, suggesting that pockets of strength remain even as the broader Nasdaq has come under pressure.

Names such as $HPE, $DELL, and $CIFR continue to hold their technical uptrends, while sectors including packaging, industrial machinery, healthcare, and aerospace are also showing resilience.

This isn't a buy list, nor does it guarantee future outperformance. However, stocks that remain above their key moving averages while the broader market weakens often deserve a place on investors' watchlists, as they may continue to exhibit relative strength if market conditions improve.