Just bought it, just above it's 52 week low. I usually only short individual stocks but can't resist the QID. 48.42
yesterday this would have been a good play but now its trading on its second white candle which appears overextended compared to the first candle. Not a good idea JMHO
It's near it's 52 week low. Only if you believe the Naz will continue its run would you not like this. I will hold it through the summer. I'm not trading it. I'm looking for a index decline on the Naz between now and August.
QID is a nice play on a day like today, it did volume of over 31 million this past week which was a record. Today it could easily close in on 28 million about double its avg volume. Also take a look at the Proshare Utility 2x bull today: UPW 2:39PM ET 86.82 Down 5.18 Down 5.63% 23,600 Chart, , More