Quick on the Q's: QQQ ProShares
10/13/2008 1:55 pm EST
The fund normally invests 80% of assets in financial instruments with economic characteristics that should be twice the return of the index.
The huge daily reversal in the 'Qs' on Friday triggered a stochastic buy signal on the QLD. If the market can move forward today with heavy buying, then QLD could provide traders with a quick move to cover the gap at $42.86 to $44.46.
By Sam Collins of OptionsZone.com