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PSQ None

New Long Plays

Short QQQ Proshares - PSQ - close: 64.98 chg: +1.25 stop: 63.49

Company Description:
Think of the PSQ as an inverse ETF. This ETF seeks to mimic the inverse of the performance of the NASDAQ-100.

Why We Like It:
The market's oversold bounce has failed. Stocks look poised to breakdown under the March lows and begin a new leg lower. If that occurs we can capture part of the move by buying the PSQ. If the NASAQ 100 index goes down then the PSQ will go up in value. Technically, the PSQ is breaking out from its recent consolidation pattern. We're suggesting long positions now. More conservative traders may want to wait for a new relative high over $65.31 before opening positions. Our target will be the $68.00-68.25 range.

Picked on March 13 at $64.98
Change since picked: + 0.00
Earnings Date 00/00/00 (unconfirmed)
Average Daily Volume: 138 thousand
 

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