To Use SQQQ and QID to protect your stock portfolio
Stock market had a rocky start to 2022 with the tech-heavy Nasdaq Composite Index being the hardest hit, and many investors are bracing for it to get even more awful. This has resulted in higher demand for inverse or inverse leveraged Nasdaq ETFs as these fetch outsized returns on quick market turns in a short span. Investors could go near-term short on the Nasdaq- 100 Index with ProShares UltraPro Short QQQ SQQQ, ProShares UltraShort QQQ QID.
Strategies that offer inverse correlation to these technology stocks may have some upside during a crash. To hedge long positions, investors may protect themselves against downside risk without realizing profits and paying taxes. Ideally, a portfolio’s beta (market risk) can be neutralized by placing 25% of assets in SQQQ and maintaining 75% of assets stocks.
This could also be a decent strategy for investors concerned about downside risk but are not interested in short-term speculation.
Following are AbleTrend Fresh Signals by Noon for SQQQ and QID.
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