The (QQQ) refers to the Invesco QQQ Trust, a very popular ETF based on the Nasdaq 100. One Real Money subscriber has asked for my short and long-term view of the QQQ, so let's check out some charts and indicators.
More from ETFs
The market seems to rejoice from the latest mask utterance out of the CDC, but the action at the Nasdaq should give traders pause.
While it is easy to expect the selling and bad news to continue, I see the bad news as largely behind us.
The inflation narrative might be flawed and the reaction to it was likely overdone.
Let's look at the companies that can go up, and the ones that can't.