I rate the ProShares Ultra QQQ ETF a tactical Hold over a short-term horizon. QLD held its post-Fed support at $85.81, but its $86.96 closing price remains below its 20-day and 50-day moving averages. A close above approximately $89.20, accompanied by QQQ reclaiming $713 and stable or declining volatility, would support a tactical buy with initial and secondary objectives of $92.14 and $98-100.
Uncertainty is creating opportunities for tactical investors. Explore ETFs positioned to capitalize on short-term moves across tech, energy and volatility.
ProShares Ultra QQQ ETF is revisited with a focus on portfolio fit and recommendation, not just mechanics. QLD has surpassed 20 years, delivering over 10,000% total return since inception, demonstrating powerful compounding. As a daily leveraged ETF, QLD can achieve outsized gains but carries the risk of total capital loss in sharp market downturns.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 200 | $10,070 | $17,475 | $7,405 | 73.54% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 4,074 | $394,160 | $377,048.7 | -$17,111.3 | -4.34% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 38 | $2,318 | $3,516.9 | $1,198.9 | 51.72% |
| JS Jason Skolnick FIRST NATIONAL Corp. /MA/ /ADV | 178,512 | $9.52M | $16.22M | $6.7M | 70.39% |
| PBP Philip B. Palmer CHATHAM CAPITAL GROUP Inc. | 2,340 | $226,418 | $209,898.23 | -$16,519.77 | -7.3% |
| ARCA Exchange | US Country |
The fund is an investment vehicle that aims to leverage the performance of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market. Managed by ProShare Advisors, it seeks to deliver daily returns that match a predetermined Daily Target. The index it tracks comprises 100 major companies based on market capitalization, representing a broad spectrum of industries barring the financial sector. This fund is classified as non-diversified, meaning it may focus more of its investments in fewer issues than a diversified fund would.
The fund offers a unique investment product:
This investment product is designed to provide returns that align with a specified Daily Target. It utilizes a strategic combination of financial instruments, selected by ProShare Advisors, to aim for the achievement of its daily performance objectives. This innovative approach caters to investors seeking tactical daily investment outcomes.