Rick Stuchberry ProShares Short QQQ ETF PSQ-N DON'T BUY Jan 24, 2022

A reverse ETF. This would have been fine to buy a while ago but the market is groping for the bottom so not a good time to buy now. He is positive on the long term.

Rick Stuchberry

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COMMENT

SQQQ is triple leveraged while PSQ is a single leveraged. If you understand the leverage, SQQQ could be a way to leverage for the downside, but he would not recommend it. PSQ is a single inverse relationship that is one-to-one.

COMMENT

This product has an inverse exposure to the Nasdaq which is good because the Nasdaq is expensive and is set for a major pullback. It is also for traders and he cautioned that it must be watched daily for overnight resets.

COMMENT

Ways to hedge against downturns.

BUY

To protect yourself in a name like ARKK, you can buy the PSQ, which is the inverse of the QQQ.

COMMENT

This shorts the QQQ ETF. He sold it Monday and regrets it. However, he has also sold QQQ. The idea here is to stay solvent and manage risk. He didn't want to bet on the inflation number Tuesday, because there's no way to predict it. Make money where you can make money and don't lose a lot of money.

BUY

He's shorting the Nasdaq. He's bearish. As long the US dollar keeps going up.

TRADE

Up 28.9% YTD. Tricky. Even trickier when you get multiple inverse calculations. Should only be for short-term trades. The 1:1 ones tend to work a bit closer in terms of inverse returns.

RISKY

Instead of shorting, you can own PSQ. But these are for active trading, rebalancing daily or weekly. If the Nasdaq falls, you make profits, but lose if the Nasdaq rallies. Careful. He expects volatility and therefore opportunity for this ahead. For trading only.

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Rick Stuchberry ProShares Short QQQ ETF PSQ-N DON'T BUY Jan 24, 2022

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