J. Wilson

UltraShort ETFs: At a Tipping Point?

It makes no sense to do technical analysis on a leveraged ETF that uses options to track an index. The price movement of QID has ZERO relationship to the buying and selling of QID - rather, QID's daily changes are completely determined by the NASDAQ 100 index (QQQ). Technical analysis of QQQ can lead to useful predictions. T.A. of QID will not.