2024-04-11 10:43:38 ET
Summary
- The ProShares UltraPro QQQ ETF has gained over 17% since the end of 2023, outperforming the S&P 500.
- TQQQ is a leveraged ETF that seeks to return 3X the daily return of the Nasdaq-100, making it a proxy for growth stocks.
- The technical picture for TQQQ is currently uncertain, with the fund below its 50-day moving average, but seasonality and historical performance suggest a potential bullish run in the spring and summer.
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For further details see:
TQQQ: Now Is The Time To Consider Accumulating