The recent Market rally is taking a pause as this week is a short trading week in the US due to Thanksgiving Holiday. I believe that there is likely to be lower volumes and greater volatility as traders are taking time off.
SQQQ is a great ETF to capture this volatility. Today it closed up 3% higher at 47.24. In the past 5 days it has jumped almost 12%. SQQQ has gained a massive 65% year to date.
SQQQ is a good tactical play in a Bear Market as it seeks a return that is - 3x the return of Nasdaq 100 Index. This is an inverse ETF that works well for day trading but not for long term holding.
I am bullish on SQQQ in the short term.
@Daily_Discussion @MillionaireTiger @TigerStars @CaptainTiger
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- Victor Ang·2022-11-22Thanks for sharing2Report
- Bioman21·2022-11-22Can monitor to add shares during this period3Report
- Svengers19·2022-11-22Thanks for sharing3Report
- yeetmin76·2022-11-22Thanks for sharing2Report
- JeremyKok·2022-11-22is it time to buy? at what price should I buy?1Report
- Jo Tan·2022-11-25great article. thanks for sharing!LikeReport
- twm124·2022-11-29okLikeReport
- 不死鸟.·2022-11-22👌1Report
- ARG·2022-11-22👍👍👍1Report
- jacksoncheng·2022-11-22哦哦1Report
- waterlilyhui·2022-11-22Ok1Report
- LauHP·2022-11-22A1Report
- IMRainmaker·2022-11-22Kj2Report
- HXY29·2022-11-22ok2Report
- fcloi·2022-11-22like1Report
- ben88·2022-11-22like.1Report
- Shiiiniiiing·2022-11-22Thanks!1Report
- xinxino·2022-11-22Ok1Report
- finde·2022-11-22like1Report
- twm124·2022-11-22okk1Report