21 day exponential average (blue solid line) crossed back below 30 day simple average (red line). Recent up-trend appears over. Higher rates slay the bull.
Dr. Wish
Blog post: Day 1 of new $QQQ short term up-trend, buying $TQQQ which AGAIN beat most stocks during the prior short term up-trend; Look at the data…
During the recent 59 day up-trend (5/26-8/18), QQQ rose 8.4%, SPY rose 4.8% and DIA rose 2% but TQQQ rose 26.3%, beating 90% of the Nasdaq100 stocks and 95% of S&P500 stocks. That is why when a new QQQ short term up-trend begins I slowly accumulate TQQQ. By the way, TNA declined -13.3%.
