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Tell me a little more about why you like QLD

Questions › Category: Questions › Tell me a little more about why you like QLD
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Rick Procasky asked 5 years ago

Hi Pat,
I have a question about the ETF, QLD. (This might relate to all the leveraged ETFs)
Specifically, it’s behavior as an independent chart vs.
The functionality of the NASDAQ -100 index.
Are we buying the QLD on technicals on the chart alone,
or, are we buying the QLD as a proxy to what the NASDAQ
is showing us?  
As always thanks for your time and energy!
Stay safe

1 Answers
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Avatar photoOwen Staff answered 5 years ago

Hi Rick,
Video from Pat:
https://youtu.be/D7IKJnnaeJk

Rick Procasky replied 5 years ago

Thanks very much Pat.
Almost used that chicken & egg analogy in my question.