SQQQ (3X Inverse Nasdaq) VS NUGT (2X Gold Bull)Interesting. SQQQ lags behind NUGT slightly as the two charts are compared.
Most interesting is the most recent movement. In most points on the chart the two variables are within 20% of each other in regards to their movement from zero change.
However, in the last time period of the chart (fin
Key stats
About PROSHARES TRUST
Home page
Inception date
Feb 9, 2010
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
SQQQ is an aggressive take on the large-cap space by providing geared inverse (-3x) exposure to the NASDAQ-100 index an index of 100 tech-heavy firms listed on NASDAQ that excludes financials. To provide this exposure, the fund uses swaps on the popular NASDAQ-100 ETF (QQQ), swaps on the index itself, and futures. As with most inverse and leveraged products, SQQQ is designed to provide this exposure on a daily basis, not over long time horizons. Holding the fund for longer than a day opens the door to the effects of compounding on returns and will be unlikely to realize the stated -3x inverse exposure over time especially in volatile markets.
Classification
What's in the fund
Exposure type
Government
Stock breakdown by region
Top 10 holdings
$SQQQ - $68-103 targetIf we look at the chart of SQQQ, we can see that we're holding support here at the $34 level.
If we continue to hold here, we'll have a failed head and shoulders breakdown. I think if we can break the highs at $57, it is very likely that we'll see $68+.
Let's see how it plays out in the coming wee
Nasdaq vs SQQQ, 1 year daily chartThe pattern emerging shows the convergence between the two trend lines. The trend lines show the change from zero, indicating positive or negative trend. The trends are currently at a point where SQQQ is beginning to trend positively, as Nasdaq tests the negative direction. That leads to the cros
SQQQ Five disparate geometric targets at 50Five targets at 50:
1. Bull flag breakout measured move to 50
2. 50% Fib retracement from 64.95 previous high to recent low at 26.21 = 50
3&4. Schiff modified pitchfork top line at 50 occurring at the same time as the trend line created from the recent move from A to B is applied to the appex B's ve
Chart Pattern Analysis Of SQQQ
After K0 break up the long-term downtrend channel,
K3 tested for a first time,
The decreasing volume implies another bull run may keep climbing up.
If the following candles fall to test 0.382fib area,
It will be a good place to buy it there.
And, it is also a good place to buy it here immediately
ONLY bet with money you can afford to LOSE - SQQQNow, first thing first, this SQQQ ETF is a 3x leverage short ETF, so do trade with caution and
$$ you OK to lose completely.
Next, the Nasdaq has YET to break down from the bullish trend line and even if it does, it could also quickly reverse back. You can make 3x profits AND 3x losses as well wit
SQQQ | Im Very Bearish the Markets Going into Q1 - 2025How I see It: (The commentary is purely my own thoughts based on my research comparing it to what I've seen in the media and other social media sites)
SQQQ smooths out the noise and shows me if we are in a bearish scenario in the technology sector.
This ETF has been in a bullish divergence for the
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Displays a symbol's price movements over previous years to identify recurring trends.