Nasdaq Weekly Briefing: Oct 26 – Nov 1, 2026
QQQ falls 3.04% as NVDA drops 4.22%; Sessions discloses tech sales
By AlphaScala Research DeskPublished Reviewing Oct 26 – Nov 1, 2026 · outlook and calls for Nov 2–8, 2026
QQQ fell 3.04% to 690.56 for the week, 1.78 percentage points worse than SPY's 1.26% decline. NVDA was the weakest heavyweight in the latest session at 204.64, down 4.22%, with MSFT off 1.55% and AAPL 1.23% lower. Pete Sessions disclosed six technology sales in a periodic transaction report, five of them dated Oct. 2. AlphaScala's Alpha Scores for the six largest constituents, last updated Oct. 28, range from 49 to 60.
QQQ closed the week at 690.56, down 3.04%. SPY fell 1.26% over the same Monday-to-Sunday stretch, so the Nasdaq-100 tracker finished 1.78 percentage points behind the broad-market benchmark.
The latest session was negative across the three heavyweights in the snapshot. NVDA traded at 204.64, down 4.22%, the steepest decline of the group. MSFT was at 521.91, off 1.55%. AAPL slipped 1.23% to 344.63.
Gold traded at $3,902.67, up 0.70% on the session, and bitcoin at $77,888.62, down 0.59%.
AlphaScala's Alpha Scores for the six largest Nasdaq constituents, all dated Oct. 28, sit in a 49-to-60 band. MSFT and GOOGL both score 60. AMZN is at 58, NVDA 57, AAPL 55 and META 49.
Quality is the one factor scoring strong for every name in the group. Value is poor at MSFT and NVDA. Momentum splits: strong at MSFT and AAPL, weak at GOOGL and META. AMZN and AAPL are each scored on three of four signals and capped at 90 until the fourth ingests, according to the AlphaScala data.
Pete Sessions, the Texas Republican, disclosed six sales of technology stocks in a periodic transaction report filed during the week. Five carry an Oct. 2 transaction date: AMZN at $100k–$250k, AAPL and MSFT at $250k–$500k each, NVDA and TSLA at $15k–$50k each. The sixth, an AMZN sale of $15k–$50k, is dated Oct. 27.
No purchase of a Nasdaq-100 constituent appears in the filing.
Outlook · Nov 2–8, 2026
November opens with QQQ 3.04% lower on the week and 1.78 points behind SPY. AlphaScala's factor data dated Oct. 28 puts quality as the only strong reading common to all six large-cap constituents; value is poor at MSFT and NVDA, and momentum is weak at GOOGL and META. Sessions' Oct. 27 periodic transaction report lists six sales and no purchases of Nasdaq constituents. AMZN and AAPL are scored on three of four signals and capped at 90 until the fourth ingests.
Calls to watch
Forward-looking statements covering Nov 2–8, 2026. Each is logged and will be scored against what happens.
- 55%QQQ underperforms SPY over the week of Nov. 2–6. · week of Nov. 2–6 · QQQ
- 70%META holds the lowest Alpha Score among the six large-cap constituents at the next refresh. · next Alpha Score refresh · META
- 50%MSFT's Alpha Score stays at or above 55 at the next refresh. · this period
CFTC positioning: Nasdaq-100 E-mini COT report
Grounded in AlphaScala signals and coverage. Educational only, not investment advice. Methodology: how briefings are produced.