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ProShares UltraPro Short QQQ

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SQQQ trade ideas

Possible Recovery Ahead! $SQQQ AnalysisThere might be a sign of hope in the near future! $SQQQ has rallied hard today, showing true weakness in the overall tech market. Although this rally crushed a ton of growth equities, there are a few critical things to note here. $SQQQ is showing signs of a bearish formation on the 1-month (triple top chart pattern), and various catalysts regarding vaccine rollout success and employment levels rising can start to show signs of true economic recovery, not just within the stock market. Time will tell in regards to what happens in the short term, but I personally see another rally once more people receive their vaccines and we return back to the workforce as usual. GLTA!
NASDAQ:SQQQShort
by ClargyInvesting
6
The nasdaq has a slight bubble, protect the downside with SQQQThis is not investment advice, do your own homework and evaluate how much you can tolerate risking. SQQQ is triple leveraged to the downside on the QQQ, which is the ETF that directly tracks the NASDAQ. As 2021 has begun to play out, it has become more and more apparent that these overvalued tech and software companies are out way past their skis in terms of multiples. SQQQ provides the perfect protection to these lofty tech stocks as VOLQ is not available on most platforms. VOLQ is the NASDAQ's Vix, which would be my preferred way of protection for the downside but unfortunately is not available for trade on the brokerages I use. So essentially for every 1% that the QQQ (proxy for the NASDAQ:NDX ) falls, SQQQ rises by 3%. Since it is so heavily inversely correlated, it makes for a great hedge. When implementing a strategy such as this into your portfolio, I would recommend starting with a meager 1-3% position and no more than 5%. Another solid alternative strategy that is a good permanent piece of a stable portfolio is a market neutral fund.
NASDAQ:SQQQLong
by EBITDAtiger