QQQ/SPY Leadership
QQQ/SPY leading (+1.72% from 200D MA, 67d streak)
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QQQ:SPY ratio vs 200D MA — tech-leadership barometer.
- 80 signals since 2000-01-01.
- QQQ/SPY leading (+1.72% from 200D MA, 67d streak)
Status
Leading
Streak
67d
Ratio
0.9380
200D MA
0.9221
% from MA
+1.72%
4W Change
-5.43%
As of
2026-07-20
When to run this study
Run daily as a regime barometer. The QQQ:SPY ratio above its 200-day MA signals tech leadership — historically a risk-on tape. Sustained breaks below mark defensive rotation; watch for re-cross above as a leadership reclaim.
Historical results
Forward 1M SPY Returns by Regime
| Regime | Days | Avg 1M Fwd | Win% |
|---|---|---|---|
| QQQ/SPY Above 200D MA | 3695 | 1.07 | 67.90 |
| QQQ/SPY Below 200D MA | 1525 | 0.84 | 67 |