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home / news releases / QQQ - TECS: Moving From Buy To Hold After A 56% Gain

QQQ - TECS: Moving From Buy To Hold After A 56% Gain

PowerShares QQQ Trust Ser 1

Summary

  • The Direxion Technology Bear 3x Shares is a leveraged ETF.
  • The vehicle seeks daily investment results 300% of the inverse performance of the Technology Select Sector Index.
  • At the height of the bear market rally in August, we predicted the weakness to come in Tech and moved to a Buy rating for TECS.
  • TECS is a speculative short-term trading tool, not a buy-and-hold vehicle, thus, it needs to be traded within much shorter time frames.

For further details see:

TECS: Moving From Buy To Hold After A 56% Gain
Stock Information
Company Name: PowerShares QQQ Trust Ser 1
Stock Symbol: QQQ
Market: NASDAQ
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