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ProShares UltraPro Short QQQ (SQQQ)

NASDAQ
Currency in USD
Disclaimer
11.81
-0.05(-0.42%)
Real-time Data

SQQQ Comments

N100 continues to rebound. Best case scenario for SQQQ is to retain gains from its last ATL. CPI tomorrow without data from 2021. https://www.bls.gov/cpi/notices/2021/2022-weight-update.htm
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This morning, the 10th, N100 tapped 15163 close enough to the pivotal 15,115 - 14,960 area of support and rebounded from there to15,600. Short term outlook is a possible retrace in the area of 15150 -15250.
As of Friday's close at 15,581, 1/7, N100 is about 5% off its high point of 16,769 and is approaching the end of a short term selling cycle. At the same time as this, SQQQ has established a unique level of support in the area 5.98-6.03 with heavy volume.
Just one more comment before I go to bed. If N100 doesn't reverse between 670 and 300, just hit 15670 a few minutes ago, the next area of support is 15,115 - 14,960.
Nasdaq futures hit the lower trend line today of the long term trading channel. Selling pressure decreased over a day or two when this has happened in recent years before being moved into another ATH. This time around, my overall outlook is that it is less likely N100 will reach a new ATH in 2022.  At least in theory, this would yield more opportunity for shorting fund ETFs to consolidate and base when counter rallies occur. As a reminder, a reverse 5-1 split is scheduled for the 13th.
Real nice to give me a thumbs down on the 5th of January. I'm the only one who commented the last few days in 2020. If you're going to passively-aggressive criticize, pay attention to the dates of comments that make you think you're smarter. Thanks to those who understood what I was saying on the 30th. SQQQ wasn't a buy again until yesterday the 4th.
As it goes with holiday EOY rallies, 2021 has been a an odd duck. Freakishly low volume pushes both directions.
I cashed out at the close today for a few cents difference after doubling down this morning at 5.70. I think I may have sold too soon. Not really sure. I kind of wish I had stuck to my plan to stay hedged through January. The 15, 30, and 1H look promising. 5H and 1D look a little odd.
Added to small hedge I started last week. 6.05 averaged.
Trend is still down. Hedge is insurance money.
Big boom is about to send this baby back to $9
SQQQ $6.30 +4.48% ... Closes smack at MONTHLY Pivot! QQQ $392.26 -1.44% finishes just below its MONTHLY Pivot ($395.65).
how come something 10 years ago was so huge is now rock bottom?
Time decay along with implied volatility.  Even the TQQ has underperformed on a 3x bull the QQQ.  Just rationalize that the QQQ can only fall 100% and SQQ could only rise 300% at most from a record low.  Read the prospectus and either day trade, or swing trade it.  If you get +15% take it!
because it's a short of the market which has gone up massively for 10years. it's a short term gamble not a long term investment
Hi just to understand this can only go up 300$ in any one day over over time the gains are infinite I.e I the qqq goes down 2 % every day for a year that no at bottom. if sqq goes up 2% every day for a year that's alot more that 300%
I believe Proshares initiates a reverse split when the SQQQ drops below $5.00.
Well that took awhile.  think I'll half my position finally.  eh, maybe 60% it.
SQQQ next stop $4.50 my body is ready
SQQQ $6.05 -6.35% @ Close! $bpndx +2 @ 52%
SQQQ $6.05 ... profit stopped on entire position at the 5% trailing stop at $6.21.
Shouod be called 1/3x not 3x because this is not moving lockstep or even close to lockstep with inverse 3x on the Qs
yes
I don't know
The lower yield on the 10's and 30's keeps things in check doesn't it?  $6.37 and still hasn't taken out the 11/24 relative high of $6.41 today.
TO THE MOON
SQQQ $6.23 ... implementing 5% trailing stop from $5.91. $bpndx @ 56%
SQQQ $5.99 -3.23% @ Close! New record low!
Is it just pullback?
michigan infla exp going up
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