ProShares UltraPro Short QQQ ETF (SQQQ)

[Nikodemos]

I think the KEY LEVEL to watch on SQQQ is $10.00 - $10.25 level. If it gets there it represents an ~ triple bottom (potentially ascending).

Anyone care to make a BULL argument on this EFT?

And if this actually tests $10.00, fails, & drops I'd have to evaluate because I'd like to buy ~$150k to $250k of this if the price is right!



Have a look at a chart. The bottom here since 2010 is $10.05

SQQQ Historical
Period Open --High --Low --VWAP --Avg. Daily Vol --Change -- %
5 Years 869.00 1,202.00 10.05 86.55 93,148,256 -857.91 -98.72%

https://ih.advfn.com/stock-market/NASDAQ/proshares-ultrapro-short-SQQQ/stock-price


5yrs ago VWAP was $86.55 & traded as high as $1,202.00 etc...

But if we USE the PANDEMIC as a gauge, the question is WHY wasn't the price at it's ABSOLUTE LOWEST at/during THAT time period? And at what price level should be EXPECT a REVERSAL & for this stock to recapture upside?

This guy is ON WATCH for me. Starting more DD...

All QQQ holdings
as of 05/02/2024

Company
Allocation
Microsoft Corp
8.60%
Apple Inc
7.78%
NVIDIA Corp
6.24%
Amazon.com Inc
5.58%
Meta Platforms Inc Class A
4.50%
Broadcom Inc
4.31%
Alphabet Inc Class A
2.86%
Alphabet Inc Class C
2.78%
Tesla Inc
2.53%
Costco Wholesale Corp
2.44%
Netflix Inc
1.84%
PepsiCo Inc
1.81%
Advanced Micro Devices Inc
1.78%
Adobe Inc
1.62%
Linde PLC
1.52%
Qualcomm Inc
1.51%
T-Mobile US Inc
1.47%
Cisco Systems Inc
1.42%
Intuit Inc
1.29%
Applied Materials Inc
1.24%
Texas Instruments Inc
1.20%
Comcast Corp Class A
1.14%
Amgen Inc
1.12%
Intuitive Surgical Inc
1.00%
Intel Corp
0.97%
Honeywell International Inc
0.95%
Micron Technology Inc
0.93%
Booking Holdings Inc
0.89%
Lam Research Corp
0.87%
Vertex Pharmaceuticals Inc
0.78%
Regeneron Pharmaceuticals Inc
0.76%
Automatic Data Processing Inc
0.75%
Analog Devices Inc
0.73%
Palo Alto Networks Inc
0.72%
Mondelez International Inc Class A
0.71%
KLA Corp
0.69%
PDD Holdings Inc ADR
0.69%
Starbucks Corp
0.64%
Gilead Sciences Inc
0.61%
Synopsys Inc
0.60%
MercadoLibre Inc
0.57%
Cadence Design Systems Inc
0.57%
ASML Holding NV ADR
0.57%
PayPal Holdings Inc
0.54%
Airbnb Inc Ordinary Shares - Class A
0.52%
CrowdStrike Holdings Inc Class A
0.52%
Marriott International Inc Class A
0.51%
Cintas Corp
0.50%
CSX Corp
0.49%
NXP Semiconductors NV
0.49%
O'Reilly Automotive Inc
0.45%
Constellation Energy Corp
0.44%
Marvell Technology Inc
0.43%
PACCAR Inc
0.42%
Monster Beverage Corp
0.42%
Roper Technologies Inc
0.41%
Workday Inc Class A
0.39%
Copart Inc
0.39%
Fortinet Inc
0.37%
DexCom Inc
0.37%
Microchip Technology Inc
0.36%
Moderna Inc
0.36%
Keurig Dr Pepper Inc
0.35%
American Electric Power Co Inc
0.35%
Autodesk Inc
0.34%
The Kraft Heinz Co
0.33%
AstraZeneca PLC ADR
0.33%
DoorDash Inc Ordinary Shares - Class A
0.32%
Ross Stores Inc
0.32%
Paychex Inc
0.32%
Lululemon Athletica Inc
0.32%
Old Dominion Freight Line Inc Ordinary Shares
0.30%
IDEXX Laboratories Inc
0.30%
The Trade Desk Inc Class A
0.29%
Fastenal Co
0.29%
Datadog Inc Class A
0.29%
Charter Communications Inc Class A
0.29%
Exelon Corp
0.28%
CoStar Group Inc
0.28%
GE HealthCare Technologies Inc Common Stock
0.27%
Diamondback Energy Inc
0.27%
Electronic Arts Inc
0.26%
Verisk Analytics Inc
0.25%
Cognizant Technology Solutions Corp Class A
0.25%
Coca-Cola Europacific Partners PLC
0.25%
Baker Hughes Co Class A
0.24%
Biogen Inc
0.23%
ON Semiconductor Corp
0.22%
Xcel Energy Inc
0.22%
CDW Corp
0.22%
Atlassian Corp A
0.22%
Ansys Inc
0.21%
GLOBALFOUNDRIES Inc
0.20%
MongoDB Inc Class A
0.20%
Zscaler Inc
0.20%
Dollar Tree Inc
0.20%
Take-Two Interactive Software Inc
0.18%
Illumina Inc
0.15%
Warner Bros. Discovery Inc Ordinary Shares - Class A
0.15%
Walgreens Boots Alliance Inc
0.11%
Sirius XM Holdings Inc
0.09%

https://www.invesco.com/qqq-etf/en/about.html



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