PSQ Stock Recent News

The PSQ is simple, it is a negative track of the QQQ by a factor of -1x, and therefore is a stock that tracks a short position of the QQQ. The advantage of PSQ rather than a direct short is that there's limited liability, because it seeks to track the QQQ by -1x on a daily basis, cover and re-short.

We are bearish on all American bear market ETFs. Measuring the purchase levels of short ETFs replaces the old, odd lot and total short selling indicators so popular in the 1960s, 70s and 80s.

Three, new, indicators based on the amount of buying in bearish ETFs are signaling a strong, “risk on” moment. They are based on the “theory of contrary opinion,” the theory that says stock prices reach bottom when most investors are bearish and are expecting further price declines.

PSQ is meant for investors who are familiar with the risks of leverage and have the time and resources to track the markets on a daily basis. The valuations of most of the top names of the Nasdaq 100 no longer appear pricey, and the markets could be due an oversold bounce in the short term.