The ProShares UltraPro Short QQQ ETF (SQQQ) is experiencing downward pressure as the Nasdaq 100 index sees gains, driven by a mix of positive tech earnings and cautious optimism amid ongoing trade tensions. Notably, Alphabet is set to report earnings after the market close, with expectations of $2.12 EPS on $96.6 billion in revenue, which has kept investor sentiment buoyant. Additionally, Palantir's shares
The ProShares UltraPro Short QQQ ETF (SQQQ) closed up 2.38% at $29.72 on February 3, 2025, as the Nasdaq 100 Index fell 0.84% to 21,297.58 amid heightened market volatility following new tariff announcements. Over the weekend, President Donald Trump announced tariffs on imports from Mexico, Canada, and China, which were set to take effect early Tuesday. This announcement led to a significant sell-off in U.S
The tech sector is showing signs of a cautious rebound as the week concludes, with the Nasdaq 100 experiencing a modest recovery. Apple's positive guidance has provided a boost, despite ongoing challenges such as declining iPhone sales and issues in China. However, uncertainty remains, particularly with Nvidia's upcoming meeting with former President Trump, which has contributed to its lagging performance.
The ProShares UltraPro Short QQQ ETF (SQQQ) closed at $28.85 on January 30, down 1.3%, as the Nasdaq 100 Index rose 0.45% to 21,508.12, buoyed by strong earnings from tech giants like Meta and IBM. Despite the positive earnings reports, the tech sector remains volatile, with Nvidia and Microsoft casting a shadow due to their disappointing outlooks. Nvidia's stock has been under pressure from concerns over l
The tech sector's mixed performance is creating a complex landscape for investors, with the Nasdaq 100 Index experiencing slight gains despite pressure from major tech players. Disappointing outlooks from Microsoft and Nvidia have cast a shadow over the sector, affecting investor sentiment and overshadowing positive earnings from companies like Tesla and Meta. This sector-specific volatility is causing ripp
Investor optimism surrounding the upcoming earnings reports from megacap tech companies has fueled a rebound in the Nasdaq 100 Index. This positive sentiment is driving the index higher, despite earlier concerns about the impact of a new AI model from Chinese startup DeepSeek on tech valuations. As the earnings season unfolds, market participants are keenly observing whether the results will support the hig
Investors are showing renewed confidence in the tech sector, as evidenced by the recovery in the Nasdaq 100 Index. The index has reclaimed key moving averages, signaling upward momentum and reducing the likelihood of further declines. The resilience of major tech stocks, often referred to as the "Magnificent Seven," has provided a positive outlook for the sector, maintaining their breakout from the previous
The ProShares UltraPro Short QQQ ETF (SQQQ) surged 8.84% to close at $30.40 on January 27, as the Nasdaq 100 plummeted 2.97% amid fears surrounding a new AI model from Chinese startup DeepSeek. This model has sparked a selloff in major US technology stocks, raising concerns about the sustainability of valuations for tech giants like Nvidia, Apple, and Microsoft. The tech-heavy index's vulnerability to these
The Nasdaq 100 has been under significant pressure due to concerns over a new, cost-effective artificial intelligence model from Chinese startup DeepSeek, which has triggered a selloff in major US technology stocks. This development has raised questions about the sustainability of valuations for tech giants like Nvidia, Apple, Microsoft, Amazon, Meta Platforms, and Alphabet, which collectively make up a sub
The ProShares UltraPro Short QQQ ETF (SQQQ) closed up 1.79% at $27.93 on January 24, as the Nasdaq 100 Index fell 0.58% to 21,774.01 amid renewed scrutiny over US-China trade relations impacting chipmakers. The US government's review of the Economic and Trade Agreement with China has introduced uncertainty, particularly affecting the semiconductor sector, which is sensitive to international trade dynamics.
The Nasdaq 100 Index faced downward pressure as chipmakers were hit by renewed scrutiny over US-China trade relations. The US government's decision to review the Economic and Trade Agreement with China has introduced uncertainty, particularly impacting the semiconductor sector, which is highly sensitive to international trade dynamics. This comes amid President Donald Trump's potential softening of his tari
The ProShares UltraPro Short QQQ ETF (SQQQ) is experiencing price movement influenced by mixed signals in the tech-heavy Nasdaq 100 index. As of January 24, 2025, the Nasdaq 100 is showing signs of potential overextension, with analysts suggesting a short-term pullback could be on the horizon. The index is approaching the psychologically significant 22,000 level, which has historically acted as a resistance
The ProShares UltraPro Short QQQ ETF (SQQQ) is experiencing upward movement as the Nasdaq-100 Index faces pressure from several market dynamics. A notable factor is the shift in investor sentiment, as highlighted by Nomura strategists, who point out that volatility-controlled funds are adjusting their positions, leading to a sell-off in technology stocks. This repositioning is causing a ripple effect across
The ProShares UltraPro Short QQQ ETF (SQQQ) closed down 3.8% at $27.61 on January 22, as the Nasdaq-100 Index surged by 1.33% to 21,853.00, reflecting a strong performance in the tech sector. The upward momentum in the Nasdaq-100 was driven by investor optimism surrounding upcoming earnings reports from major tech companies, which are expected to show robust growth despite broader economic uncertainties. Th
The ProShares UltraPro Short QQQ ETF (SQQQ) closed down 1.68% at $28.70 on January 21, as the Nasdaq-100 index rose by 0.58% to 21,566.51, driven by a positive market response to declining bond yields. The recent light CPI report has led to a drop in yields, which in turn has bolstered equity markets, particularly tech stocks, as investors anticipate a more favorable interest rate environment. This inverse
The ProShares UltraPro Short QQQ ETF (SQQQ) is experiencing downward pressure due to a bullish sentiment in the Nasdaq 100 index. Despite the limited trading volume on January 20, 2025, due to the Martin Luther King Jr. holiday, the Nasdaq 100 has shown signs of a rally. Technical analysis indicates a breakout from a falling wedge pattern, suggesting a continuation of the upward trend. The index is poised t
The Nasdaq 100 Index has been influenced by traders adjusting their positions in anticipation of the upcoming Consumer Price Index (CPI) report. The latest CFTC Commitments of Traders report indicates a significant shift in speculative futures positioning, with aggressive selling of SOFR futures contracts, suggesting expectations of higher short-term interest rates. This anticipation of a notable CPI figure
The ProShares UltraPro Short QQQ ETF, which aims to deliver three times the inverse of the daily performance of the NASDAQ-100 Index, is experiencing downward pressure due to a strong performance in the underlying index. As of January 17, 2025, the NASDAQ-100 Index has risen by 1.26%, reflecting a robust market sentiment towards technology and growth stocks that dominate the index. This positive movement in
The ProShares UltraPro Short QQQ ETF (SQQQ) closed on January 16th up 2.03% to $30.69, as the Nasdaq-100 Index faced a decline of 0.69% to 21,091.25, driven by a pullback in major tech stocks. Apple and Tesla shares fell more than 3%, contributing significantly to the negative sentiment in the tech-heavy index. The decline in Apple shares marked their worst day since August 5, while Tesla also saw a substan
The ProShares UltraPro Short QQQ ETF (SQQQ) is experiencing upward movement as the Nasdaq-100 Index faces pressure from a mix of corporate earnings reports and economic data releases. Notably, UnitedHealth reported weaker-than-expected revenue, causing its shares to decline, which has contributed to the overall negative sentiment in the tech-heavy index. Additionally, while Taiwan Semiconductor reported str