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TQQQ - Market Surges As Election Turns Into Optimal Outcome
ProShares UltraPro QQQ
After reducing equity risk in portfolios over the last few weeks, we suggested last week the "selling" was likely overdone.
It was quite the reversal. The rally pushed the market back above the 50-dma and lower highs' previous downtrend. Such sets the market up for a retest of all-time highs next week.
However, before you get all excited and go throwing your money into the market, you may want to step back and re-evaluate your risk.