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It currently has eight board directors.</p><p>&#34;As a result, there will no longer be a situation where a direct or indirect shareholder will have sole or joint control over Ant Group,&#34; it said in its statement.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Jack Ma to Relinquish Control of Ant Group</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJack Ma to Relinquish Control of Ant Group\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-01-07 11:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>SHANGHAI, Jan 7 (Reuters) - Ant Group&#39;s founder Jack Ma will no longer control the Chinese fintech giant after the firm&#39;s shareholders agreed to implement a series of adjustments that will see him give up most of his voting rights, the group said on Saturday.</p><p>The move marks another big development after a regulatory crackdown that scuppered Ant&#39;s $37 billion IPO in late 2020 and led to a forced restructuring of the financial technology behemoth.</p><p>While Ma only owns a 10% stake in Ant, an affiliate of e-commerce giant Alibaba Group Holding Ltd, he exercised control over the company through related entities, according to Ant&#39;s IPO prospectus filed with the exchanges in 2020.</p><p>Hangzhou Yunbo, an investment vehicle for Ma, had control over two other entities that own a combined 50.5% stake of Ant, the prospectus showed.</p><p>Ant said that Ma and nine of its other major shareholders had agreed to no longer act in concert when exercising their voting rights, and would only vote independently.</p><p>Ma previously possessed more than 50% of voting rights at Ant but the changes will mean that his share falls to 6.2%, according to Reuters calculations.</p><p>Ant also said it would add a fifth independent director to its board so that independent directors will comprise a majority of the company&#39;s board. It currently has eight board directors.</p><p>&#34;As a result, there will no longer be a situation where a direct or indirect shareholder will have sole or joint control over Ant Group,&#34; it said in its statement.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK1591":"就地过年概念","BK4565":"NFT概念","BK1142":"互联网与直销零售","LU0173614495.USD":"富达中国焦点A","LU0359201612.USD":"贝莱德中国基金A2","LU1051768304.USD":"贝莱德新兴市场股票收益A6","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","BK1608":"元宇宙概念","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","BK1502":"双十一","LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","BK1584":"蚂蚁金服概念","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","BABA":"阿里巴巴","LU0449509016.USD":"HSBC GIF BRIC EQUITY \"AC\" (USD) ACC","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","BK4585":"ETF&股票定投概念","LU0048580855.USD":"富达大中华区A","BK4534":"瑞士信贷持仓","LU0320764755.SGD":"FTIF - Templeton Asian Growth A Acc SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","IE0032431581.USD":"PINEBRIDGE GREATER CHINA EQUITY \"A\" (USD) ACC","LU0449515922.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"PC\" (USD)ACC","LU0320764243.SGD":"FTIF - Templeton Emerging Markets A Acc SGD","BK4524":"宅经济概念","LU0029875118.USD":"TEMPLETON ASIAN GROWTH \"A\" INC","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC","BK4538":"云计算","BK4579":"人工智能","BK4526":"热门中概股","LU0163747925.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY A ACC","BK4503":"景林资产持仓","LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","LU0084288322.USD":"Natixis Asia Equity RD USD","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","BK4502":"阿里概念","LU0054450605.USD":"HSBC GIF GLOBAL EMERGING MARKTS EQ \"AD\" INC","IE00B5MMRT66.SGD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (SGDHDG) ACC","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","BK1586":"云计算","BK4505":"高瓴资本持仓","LU1688375341.USD":"贝莱德中国灵活股票基金","BK4581":"高盛持仓","09988":"阿里巴巴-W","LU0181495838.USD":"施罗德新兴亚洲A Acc","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","BK4504":"桥水持仓","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","LU0029874905.USD":"TEMPLETON EMERGING MARKETS \"A\" INC"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2301391783","content_text":"SHANGHAI, Jan 7 (Reuters) - Ant Group's founder Jack Ma will no longer control the Chinese fintech giant after the firm's shareholders agreed to implement a series of adjustments that will see him give up most of his voting rights, the group said on Saturday.The move marks another big development after a regulatory crackdown that scuppered Ant's $37 billion IPO in late 2020 and led to a forced restructuring of the financial technology behemoth.While Ma only owns a 10% stake in Ant, an affiliate of e-commerce giant Alibaba Group Holding Ltd, he exercised control over the company through related entities, according to Ant's IPO prospectus filed with the exchanges in 2020.Hangzhou Yunbo, an investment vehicle for Ma, had control over two other entities that own a combined 50.5% stake of Ant, the prospectus showed.Ant said that Ma and nine of its other major shareholders had agreed to no longer act in concert when exercising their voting rights, and would only vote independently.Ma previously possessed more than 50% of voting rights at Ant but the changes will mean that his share falls to 6.2%, according to Reuters calculations.Ant also said it would add a fifth independent director to its board so that independent directors will comprise a majority of the company's board. It currently has eight board directors.\"As a result, there will no longer be a situation where a direct or indirect shareholder will have sole or joint control over Ant Group,\" it said in its statement.","news_type":1},"isVote":1,"tweetType":1,"viewCount":283,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9983102011,"gmtCreate":1666168722135,"gmtModify":1676537717257,"author":{"id":"4110084708538182","authorId":"4110084708538182","authorIdStr":"4110084708538182","name":"Mun88","avatar":"https://community-static.tradeup.com/news/f9325937d865f2ef4be43cb2fb3d6d61","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4110084708538182"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GPRO\">$GoPro(GPRO)$</a> Ok","listText":"<a href=\"https://ttm.financial/S/GPRO\">$GoPro(GPRO)$</a> Ok","text":"$GoPro(GPRO)$ Ok","images":[{"img":"https://community-static.tradeup.com/news/484ab4cbeac4f4f6856abcbceeaa672a","width":"1170","height":"2292"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9983102011","isVote":1,"tweetType":1,"viewCount":675,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9989382652,"gmtCreate":1665907999076,"gmtModify":1676537678534,"author":{"id":"4110084708538182","authorId":"4110084708538182","authorIdStr":"4110084708538182","name":"Mun88","avatar":"https://community-static.tradeup.com/news/f9325937d865f2ef4be43cb2fb3d6d61","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4110084708538182"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/300482\">$Guangzhou Wondfo Biotech Co.,Ltd(300482)$</a>","listText":"<a href=\"https://ttm.financial/S/300482\">$Guangzhou Wondfo Biotech Co.,Ltd(300482)$</a>","text":"$Guangzhou Wondfo Biotech Co.,Ltd(300482)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9989382652","isVote":1,"tweetType":1,"viewCount":533,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9980531541,"gmtCreate":1665761212283,"gmtModify":1676537661500,"author":{"id":"4110084708538182","authorId":"4110084708538182","authorIdStr":"4110084708538182","name":"Mun88","avatar":"https://community-static.tradeup.com/news/f9325937d865f2ef4be43cb2fb3d6d61","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4110084708538182"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9980531541","repostId":"1151252859","repostType":4,"repost":{"id":"1151252859","pubTimestamp":1665760873,"share":"https://ttm.financial/m/news/1151252859?lang=&edition=fundamental","pubTime":"2022-10-14 23:21","market":"us","language":"en","title":"A Possible Bounce In QQQ With TQQQ Less Attractive For Day Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1151252859","media":"Seeking Alpha","summary":"SummaryAs investors lose more money, there is more loss aversion, to the extent that the market seems to have digested the interest rate-related worries for tech compared to the broader market.Also, t","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>As investors lose more money, there is more loss aversion, to the extent that the market seems to have digested the interest rate-related worries for tech compared to the broader market.</li><li>Also, the factors which have driven the Nasdaq down in the first place could help it to bounce back with the forthcoming earnings season also likely to play a role.</li><li>As a result, QQQ could rise by 14%, while TQQQ could deliver three times more gains if one is ready to take on the compounding risks associated with this highly leveraged ETF.</li><li>On the other hand, the daily variations also seem to be indicating that TQQQ has become less attractive for day trading.</li><li>Finally, bear in mind that there are risks of further downsides and this is more of a trader&#39;s market, one where you are prepared to exit with a stop loss.</li></ul><p>The stock market is in turmoil with the S&amp;P 500 down by 17.7% during the last year, but the tech-heavy Invesco QQQ Trust (NASDAQ: QQQ) is down by 26.7%. Had it not been for energy stocks, the SPDR S&amp;P 500 ETF Trust (SPY) could have fared worse with the Nasdaq having also been weighed down by the semiconductor stocks it holds.</p><p><img src=\"https://static.tigerbbs.com/7900fa2d4d9bd46c85875791e5b0db5d\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Data by YCharts</p><p>The objective of this thesis is to assess whether, after such a drop, there are still ingredients that can drive QQQ to yet another bounce. At the same time, building on the trend-based analysis for the Invesco ETF together with daily price variations, I will also show that the ProShares UltraPro QQQ ETF (NASDAQ: TQQQ) is becoming less attractive for the day trader, but can still be used to profit from an uptrend in the Nasdaq.</p><p>For this purpose, I start by elaborating on the recent market drivers.</p><p><b>Factors Driving Down the Nasdaq</b></p><p>First, QQQtracksthe Nasdaq-100 Index, which encapsulates the 100 largest non-companies listed on the Nasdaq based on market cap. As such, it contains the most valuable publicly listed names in the world like Apple (AAPL), Microsoft (MSFT), and Tesla (TSLA) as shown in the diagram below, with 97.56% of its assets dedicated to the U.S.</p><p><img src=\"https://static.tigerbbs.com/c46b0ae548f3b7d174e34a322524d749\" tg-width=\"640\" tg-height=\"216\" referrerpolicy=\"no-referrer\"/></p><p>QQQ Top Holdings (www.invesco.com)</p><p>These are multinationals that span the whole globe. As such, they are also impacted by economic conditions abroad, namely in Europe where a potential slowdown should be more acute than in the U.S. Moreover, the Federal Reserve raising rates also mean that the greenback becomes pricier vis a vis the local currencies of countries where American companies operate, in turn constituting headwinds for QQQ&#39;s holdings when depreciated euro revenues reach dollar-denominated income statements.</p><p>Thus, companies like Microsoft have been warning about potential Forex-related earnings risks since June. This coincided with the trough in the value of QQQ as shown in the introductory chart. More recently, cracks are also starting to appear in Apple&#39;s strong iPhone facade as sales dropped in China.</p><p>Besides currency risks, there are concerns about higher prices for goods and services caused by high inflation hampering demand throughout the U.S. economy in turn impacting the consumer discretionary sector as well as semiconductor companies like Nvidia (NVDA) as PC sales have dropped following the pandemic boom, with many Americans now worrying that the country is already in recession. In addition, geopolitical tensions between the U.S. and China again surfaced sending the VanEck Semiconductor ETF (SMH) down 9.3% in just five days.</p><p>Furthermore, supply chain challenges have also reduced the number of deliveries for Tesla.</p><p><b>Market Digesting Tech Worries and the Bounce</b></p><p>All the factors I have enumerated above imply that QQQ does not make an investment case for the long term, but, that there could be a bounce as investors seem to have digested the fact that tech stocks should be more impacted than the broader market by higher interest rates.</p><p>In order to justify my statement, I plotted the daily differences between the values of the SPY (representing the broader market) and QQQ as shown in the blue chart below.</p><p><img src=\"https://static.tigerbbs.com/535b6d3fd4854d05cbae142324fe9f45\" tg-width=\"640\" tg-height=\"362\" referrerpolicy=\"no-referrer\"/></p><p>Chart built by the author using data from (finance.yahoo.com)</p><p>Making sense of the chart, the November 2021-June 2022 period saw the SPY-QQQ differential obtained by subtracting the daily values of the QQQ from SPY moving higher, from 60 to above 100, as the Nasdaq suffered from more downside than SPY (S&amp;P 500). This was due to investors realizing that the Federal Reserve would have to tighten interest rates, instead of keeping it on hold as a result of inflation not being transitory.</p><p>Now, rates going higher is a negative for the market as a whole, but tech stocks, in particular, depending on the state of their individual balance sheets, may find it harder to get access to cheap money to drive their higher growth rates and earnings.</p><p>Subsequently, after reaching a peak of 103-104 reached in June as marked by the green dotted line above, the differential has now settled down to the 95 level, showing that tech stocks are not being punished as severely relative to the broader market. This probably indicates that investors seem to have priced in the fact that the Fed will have to hike rates aggressively.</p><p>Furthermore, with analysts having revised the S&amp;P 500&#39;s estimated third-quarter earnings growth rate downwards to2.4%(or the lowest since Q3 2020 (-5.7%) and a lot of the negative news already baked in the performance of the Nasdaq, there could be an upside when the tech earnings season starts on Tuesday 25.</p><p>To this end, QQQ&#39;s RSI of 32.81(or under 50) indicates that it has been oversold and there could be an upside to around $300 which is the 50-day SMA. Other events that could induce a positive momentum are a potential reprieve obtained by Taiwan Semiconductor (TSM) and others for the export of certain types of chips to China while being aligned with American security interests.</p><p>For investors, $300 represents a 14% upside from QQQ&#39;s current value of $262, but, one could obtain a yield of three times more when using TQQQ which is a trading tool that thrives on volatility.</p><p><b>Trading with TQQQ</b></p><p>This leveraged ProShares ETF aims to return three times (3x) the return of its underlying benchmark which targets the daily performance of the Nasdaq-100 Index. Thus, it provides thrice the performance of QQQ.</p><p><img src=\"https://static.tigerbbs.com/267691c2b7490ed288d08dbc673f57f1\" tg-width=\"640\" tg-height=\"284\" referrerpolicy=\"no-referrer\"/></p><p>TQQQ Important Considerations (www.proshares.com)</p><p>In the same way as QQQ, TQQQ allows you to profit from the market during a bounce, that is after a flurry of good news has shifted investors&#39; sentiment to &#34;Risk on&#34;. This is possible following the ProShares ETF&#39;s39%decline in just one month and even a small bounce could return profits of 10%.</p><p>Now, since this a highly leveraged ETF, ProShares advises not to hold it for a period of greater than one day as due to the compounding of daily returns, the returns can be significantly different than what is intended. For example, when QQQ rises by 3% in one week, it may happen that TQQQ does not return 9% as should normally be the case as there are more chances of the Nasdaq fluctuating (going up and down) widely during five days than one.</p><p>However, in order to make a profitable day trade, the difference between TQQQ&#39;s high and low has to be significant (more than 10%), but according to my observation, this has been the case in the recent month despite the highly volatile market. I confirmed this observation by adding an orange chart to the initial one, which shows the daily variations (or fluctuations) obtained by plotting the daily differences between the high and low values of TQQQ.</p><p>As shown by the number of peaks decreasing from the left of the green line to the right, the chart shows that the daily variations have been diminishing since June. This, in turn, indicates a lower degree of volatility on a day-to-day basis, showing that TQQQ is getting less attractive for day trading compared to before.</p><p><img src=\"https://static.tigerbbs.com/b4efbdda0db299ccfa306819febb54dd\" tg-width=\"640\" tg-height=\"363\" referrerpolicy=\"no-referrer\"/></p><p>Charts built by the author using data from (finance.yahoo.com)</p><p>Explanatory reasons could include traders moving into cash or migrating from tech to energy-related leveraged ETFs in order to make money. Another reason could pertain to investors having finally accepted the fact that there will not be a reprieve in the Fed&#39;s hawkish tone. This again confirms that the market seems to have digested that hiking of rates by the Fed is not a fatality.</p><p>In these circumstances, if one is prepared to take on compounding risks and trade for a period of more than one day, like one week, for example, TQQQ makes sense. To this end, its RSI of31.66(or under 50) indicates that it has been oversold and after the positive financial results of TSMC, there could be some temporary upside.</p><p>However, just as when trading any leveraged ETF, it is important to constantly monitor the market and exit with a stop loss at the first signs of potential downsides.</p><p><b>Conclusion</b></p><p>Therefore, the ingredients for the Nasdaq and QQQ to make a temporary jump, which I estimate at 14% are present. Along the same lines, TQQQ could also deliver an upside of about three times but the real returns are obtained after subtracting compounding-related losses.</p><p>Another important point is that far from advising anyone to buy the dip, I have supported this thesis by analyzing the differential between tech and the broader market which point to investors having possibly digested the aggressive hikes to be implemented by the U.S. Fed.</p><p>Still, the U.S. Central bank which is data-driven may turn up to be super hawkish and I may not have priced in all factors which may adversely impact markets like credit risks emerging in the high-yield fixed-income space due to tightening of liquidity in the monetary system as well as some uncertainty which could appear in bond markets following the bond sell-off in the U.K. some two weeks back.</p><p>Finally, since we are more amid a trader market, it is important to keep on to your cash as the cost of living escalates further, and trade with caution, like for example waiting for CPI data released on October 13 before trading.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA Possible Bounce In QQQ With TQQQ Less Attractive For Day Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-14 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4546360-possible-bounce-qqq-tqqq-less-attractive-day-trading><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAs investors lose more money, there is more loss aversion, to the extent that the market seems to have digested the interest rate-related worries for tech compared to the broader market.Also, ...</p>\n\n<a href=\"https://seekingalpha.com/article/4546360-possible-bounce-qqq-tqqq-less-attractive-day-trading\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TQQQ":"纳指三倍做多ETF","QQQ":"纳指100ETF"},"source_url":"https://seekingalpha.com/article/4546360-possible-bounce-qqq-tqqq-less-attractive-day-trading","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151252859","content_text":"SummaryAs investors lose more money, there is more loss aversion, to the extent that the market seems to have digested the interest rate-related worries for tech compared to the broader market.Also, the factors which have driven the Nasdaq down in the first place could help it to bounce back with the forthcoming earnings season also likely to play a role.As a result, QQQ could rise by 14%, while TQQQ could deliver three times more gains if one is ready to take on the compounding risks associated with this highly leveraged ETF.On the other hand, the daily variations also seem to be indicating that TQQQ has become less attractive for day trading.Finally, bear in mind that there are risks of further downsides and this is more of a trader's market, one where you are prepared to exit with a stop loss.The stock market is in turmoil with the S&P 500 down by 17.7% during the last year, but the tech-heavy Invesco QQQ Trust (NASDAQ: QQQ) is down by 26.7%. Had it not been for energy stocks, the SPDR S&P 500 ETF Trust (SPY) could have fared worse with the Nasdaq having also been weighed down by the semiconductor stocks it holds.Data by YChartsThe objective of this thesis is to assess whether, after such a drop, there are still ingredients that can drive QQQ to yet another bounce. At the same time, building on the trend-based analysis for the Invesco ETF together with daily price variations, I will also show that the ProShares UltraPro QQQ ETF (NASDAQ: TQQQ) is becoming less attractive for the day trader, but can still be used to profit from an uptrend in the Nasdaq.For this purpose, I start by elaborating on the recent market drivers.Factors Driving Down the NasdaqFirst, QQQtracksthe Nasdaq-100 Index, which encapsulates the 100 largest non-companies listed on the Nasdaq based on market cap. As such, it contains the most valuable publicly listed names in the world like Apple (AAPL), Microsoft (MSFT), and Tesla (TSLA) as shown in the diagram below, with 97.56% of its assets dedicated to the U.S.QQQ Top Holdings (www.invesco.com)These are multinationals that span the whole globe. As such, they are also impacted by economic conditions abroad, namely in Europe where a potential slowdown should be more acute than in the U.S. Moreover, the Federal Reserve raising rates also mean that the greenback becomes pricier vis a vis the local currencies of countries where American companies operate, in turn constituting headwinds for QQQ's holdings when depreciated euro revenues reach dollar-denominated income statements.Thus, companies like Microsoft have been warning about potential Forex-related earnings risks since June. This coincided with the trough in the value of QQQ as shown in the introductory chart. More recently, cracks are also starting to appear in Apple's strong iPhone facade as sales dropped in China.Besides currency risks, there are concerns about higher prices for goods and services caused by high inflation hampering demand throughout the U.S. economy in turn impacting the consumer discretionary sector as well as semiconductor companies like Nvidia (NVDA) as PC sales have dropped following the pandemic boom, with many Americans now worrying that the country is already in recession. In addition, geopolitical tensions between the U.S. and China again surfaced sending the VanEck Semiconductor ETF (SMH) down 9.3% in just five days.Furthermore, supply chain challenges have also reduced the number of deliveries for Tesla.Market Digesting Tech Worries and the BounceAll the factors I have enumerated above imply that QQQ does not make an investment case for the long term, but, that there could be a bounce as investors seem to have digested the fact that tech stocks should be more impacted than the broader market by higher interest rates.In order to justify my statement, I plotted the daily differences between the values of the SPY (representing the broader market) and QQQ as shown in the blue chart below.Chart built by the author using data from (finance.yahoo.com)Making sense of the chart, the November 2021-June 2022 period saw the SPY-QQQ differential obtained by subtracting the daily values of the QQQ from SPY moving higher, from 60 to above 100, as the Nasdaq suffered from more downside than SPY (S&P 500). This was due to investors realizing that the Federal Reserve would have to tighten interest rates, instead of keeping it on hold as a result of inflation not being transitory.Now, rates going higher is a negative for the market as a whole, but tech stocks, in particular, depending on the state of their individual balance sheets, may find it harder to get access to cheap money to drive their higher growth rates and earnings.Subsequently, after reaching a peak of 103-104 reached in June as marked by the green dotted line above, the differential has now settled down to the 95 level, showing that tech stocks are not being punished as severely relative to the broader market. This probably indicates that investors seem to have priced in the fact that the Fed will have to hike rates aggressively.Furthermore, with analysts having revised the S&P 500's estimated third-quarter earnings growth rate downwards to2.4%(or the lowest since Q3 2020 (-5.7%) and a lot of the negative news already baked in the performance of the Nasdaq, there could be an upside when the tech earnings season starts on Tuesday 25.To this end, QQQ's RSI of 32.81(or under 50) indicates that it has been oversold and there could be an upside to around $300 which is the 50-day SMA. Other events that could induce a positive momentum are a potential reprieve obtained by Taiwan Semiconductor (TSM) and others for the export of certain types of chips to China while being aligned with American security interests.For investors, $300 represents a 14% upside from QQQ's current value of $262, but, one could obtain a yield of three times more when using TQQQ which is a trading tool that thrives on volatility.Trading with TQQQThis leveraged ProShares ETF aims to return three times (3x) the return of its underlying benchmark which targets the daily performance of the Nasdaq-100 Index. Thus, it provides thrice the performance of QQQ.TQQQ Important Considerations (www.proshares.com)In the same way as QQQ, TQQQ allows you to profit from the market during a bounce, that is after a flurry of good news has shifted investors' sentiment to \"Risk on\". This is possible following the ProShares ETF's39%decline in just one month and even a small bounce could return profits of 10%.Now, since this a highly leveraged ETF, ProShares advises not to hold it for a period of greater than one day as due to the compounding of daily returns, the returns can be significantly different than what is intended. For example, when QQQ rises by 3% in one week, it may happen that TQQQ does not return 9% as should normally be the case as there are more chances of the Nasdaq fluctuating (going up and down) widely during five days than one.However, in order to make a profitable day trade, the difference between TQQQ's high and low has to be significant (more than 10%), but according to my observation, this has been the case in the recent month despite the highly volatile market. I confirmed this observation by adding an orange chart to the initial one, which shows the daily variations (or fluctuations) obtained by plotting the daily differences between the high and low values of TQQQ.As shown by the number of peaks decreasing from the left of the green line to the right, the chart shows that the daily variations have been diminishing since June. This, in turn, indicates a lower degree of volatility on a day-to-day basis, showing that TQQQ is getting less attractive for day trading compared to before.Charts built by the author using data from (finance.yahoo.com)Explanatory reasons could include traders moving into cash or migrating from tech to energy-related leveraged ETFs in order to make money. Another reason could pertain to investors having finally accepted the fact that there will not be a reprieve in the Fed's hawkish tone. This again confirms that the market seems to have digested that hiking of rates by the Fed is not a fatality.In these circumstances, if one is prepared to take on compounding risks and trade for a period of more than one day, like one week, for example, TQQQ makes sense. To this end, its RSI of31.66(or under 50) indicates that it has been oversold and after the positive financial results of TSMC, there could be some temporary upside.However, just as when trading any leveraged ETF, it is important to constantly monitor the market and exit with a stop loss at the first signs of potential downsides.ConclusionTherefore, the ingredients for the Nasdaq and QQQ to make a temporary jump, which I estimate at 14% are present. Along the same lines, TQQQ could also deliver an upside of about three times but the real returns are obtained after subtracting compounding-related losses.Another important point is that far from advising anyone to buy the dip, I have supported this thesis by analyzing the differential between tech and the broader market which point to investors having possibly digested the aggressive hikes to be implemented by the U.S. Fed.Still, the U.S. Central bank which is data-driven may turn up to be super hawkish and I may not have priced in all factors which may adversely impact markets like credit risks emerging in the high-yield fixed-income space due to tightening of liquidity in the monetary system as well as some uncertainty which could appear in bond markets following the bond sell-off in the U.K. some two weeks back.Finally, since we are more amid a trader market, it is important to keep on to your cash as the cost of living escalates further, and trade with caution, like for example waiting for CPI data released on October 13 before trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":282,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9914571048,"gmtCreate":1665331682784,"gmtModify":1676537588343,"author":{"id":"4110084708538182","authorId":"4110084708538182","authorIdStr":"4110084708538182","name":"Mun88","avatar":"https://community-static.tradeup.com/news/f9325937d865f2ef4be43cb2fb3d6d61","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4110084708538182"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/01211\">$BYD COMPANY(01211)$</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/01211\">$BYD COMPANY(01211)$</a><v-v data-views=\"1\"></v-v>","text":"$BYD 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stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1647524034,"share":"https://ttm.financial/m/news/1167714747?lang=&edition=fundamental","pubTime":"2022-03-17 21:33","market":"us","language":"en","title":"Dingdong Shares Tumbled Nearly 10% in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1167714747","media":"Tiger Newspress","summary":"Dingdong shares tumbled nearly 10% in morning trading.Chinese e-commerce firm Dingdong (Cayman) Ltd ","content":"<html><head></head><body><p>Dingdong shares tumbled nearly 10% in morning trading.<img src=\"https://static.tigerbbs.com/347b026920a72ee9644c0662b92743aa\" tg-width=\"725\" tg-height=\"599\" width=\"100%\" height=\"auto\"/>Chinese e-commerce firm Dingdong (Cayman) Ltd apologised on Thursday for selling expired food products after the firm was summoned by Beijing&#39;s market regulator following a report on food safety by Beijing News.</p><p>Dingdong said it has suspended operations at the site where out-of-shelf-life vegetables were relabelled with new expiry dates, and frozen fish products were labelled as fresh, it said in a statement posted on its official Weibo account.</p><p>&#34;We sincerely apologise to our customers who have trusted us for a long time. We will identify problems and rectify (them) to avoid a similar situation from happening again,&#34; it said in the statement.</p><p>The market supervision bureau of Beijing&#39;s Haidian District said it had launched an investigation into Dingdong after Beijing News uncovered the irregularities, and has carried out inspections at other fresh food e-commerce businesses.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dingdong Shares Tumbled Nearly 10% in Morning Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDingdong Shares Tumbled Nearly 10% in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-03-17 21:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Dingdong shares tumbled nearly 10% in morning trading.<img src=\"https://static.tigerbbs.com/347b026920a72ee9644c0662b92743aa\" tg-width=\"725\" tg-height=\"599\" width=\"100%\" height=\"auto\"/>Chinese e-commerce firm Dingdong (Cayman) Ltd apologised on Thursday for selling expired food products after the firm was summoned by Beijing&#39;s market regulator following a report on food safety by Beijing News.</p><p>Dingdong said it has suspended operations at the site where out-of-shelf-life vegetables were relabelled with new expiry dates, and frozen fish products were labelled as fresh, it said in a statement posted on its official Weibo account.</p><p>&#34;We sincerely apologise to our customers who have trusted us for a long time. We will identify problems and rectify (them) to avoid a similar situation from happening again,&#34; it said in the statement.</p><p>The market supervision bureau of Beijing&#39;s Haidian District said it had launched an investigation into Dingdong after Beijing News uncovered the irregularities, and has carried out inspections at other fresh food e-commerce businesses.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DDL":"叮咚买菜"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167714747","content_text":"Dingdong shares tumbled nearly 10% in morning trading.Chinese e-commerce firm Dingdong (Cayman) Ltd apologised on Thursday for selling expired food products after the firm was summoned by Beijing's market regulator following a report on food safety by Beijing News.Dingdong said it has suspended operations at the site where out-of-shelf-life vegetables were relabelled with new expiry dates, and frozen fish products were labelled as fresh, it said in a statement posted on its official Weibo account.\"We sincerely apologise to our customers who have trusted us for a long time. We will identify problems and rectify (them) to avoid a similar situation from happening again,\" it said in the statement.The market supervision bureau of Beijing's Haidian District said it had launched an investigation into Dingdong after Beijing News uncovered the irregularities, and has carried out inspections at other fresh food e-commerce businesses.","news_type":1},"isVote":1,"tweetType":1,"viewCount":98,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9902672340,"gmtCreate":1659699144082,"gmtModify":1704790468276,"author":{"id":"4110084708538182","authorId":"4110084708538182","authorIdStr":"4110084708538182","name":"Mun88","avatar":"https://community-static.tradeup.com/news/f9325937d865f2ef4be43cb2fb3d6d61","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4110084708538182"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GPRO\">$GoPro(GPRO)$</a>Good","listText":"<a 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