Summary
- History strongly suggests that the record number of shares outstanding of TQQQ are positive long term for both it and the market.
- History also shows that investor actions in TQQQ are usually correct in that most buy "low" and sell "high." Current buying levels at 37.6% of assets continue above normal.
- However, cash flow into the fund has just turned negative, warranting some short-term caution.
- Because of this, we are recommending intermediate to long-term investors sell and purchase a less volatile index fund.
For further details see:
Investor Activity In TQQQ Point To Higher Prices For It And The Market