Nasdaq ETF Hits New 52-Week High

ETF tracking NASDAQ-100 index in strong price uptrend... November 27, 2019 You won't believe what he says at 2:56 of this clip Recently, we conducted a brief interview with a world-renowned market trader… And right around the three-minute mark, he begins to reveal the secret Wall Street hopes you never find out. It could potentially help you win between 83% and as high as 92% of your trades from now on… And double your money or more in as little as four days — over and over again. Bottom line: If you want to level the field between you and the Fat Cats, click here. Nasdaq ETF Hits New 52-Week High Dear Chart Of The Day Reader, Yesterday, we looked at a Keltner Channel chart of Allstate Corp. and noted that it was on a pullback from being overbought. Today's Chart of the Day is for ProShares UltraPro QQQ Nasdaq  (NYSE: TQQQ). TQQQ seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the NASDAQ-100 Index. Now, the Daily Price Chart below shows that TQQQ has been making a series of 52-Week Highs this month.  Plain and simple? A stock just doesn't hit a new 52-Week High unless it is in a very powerful up trend. Stocks in a price uptrend, as we know, do not advance in a straight line. There are always price retracements along the way. TQQQ experienced periodic price pullbacks during its strong advance since this time last year. Traders can get a lower risk entry point after a 3 to 5% price retracement as the stock normally resumes its price up trend after such retracements. We'll be sure to continue following TQQQ as it climbs to new heights, and watching for price retracements. Additionally, we'd like to talk about how a previous Chart of the Day stock has done… On November 11th, we highlighted Technology Select Sector SPDR (NYSE: XLK), noting that the stock was in a bullish trend and had been making a series of 52-week highs. If you happened to have purchased XLK shares on that day, you'd already be up 2.29%. But… if you had purchased the right option contract, you would be up 32.58% in just over two weeks' time! That's the power of options. You may have noticed that Chart of the Day doesn't recommend specific options plays… That's what the PowerTrend Options service does. If you haven't read about it yet, you can click here to check it out. Best Regards, Chuck Hughes Editor, Chart Of The Day If You Use Apps, a Smartphone or Online Banking… You'd better read this. Because, says world-famous futurist George Gilder, we're headed for a stunning $16.8 trillion reboot that could impact the way you use every single one of those modern tools. It could also radically transform the way you get paid, the way you save and — maybe most of all — the way you invest for retirement. It's all in his brand-new presentation — you'll find it at this link. What you'll see could change our way of life, the way microchips did. The way the internet did. The way smartphones have. And, says George, it could make you exceedingly rich — click here to see why. If you are having trouble receiving your Chart Of The Day subscription, you can ensure its arrival in your mailbox by whitelisting Chart Of The Day. © 2019 by Chart Of The Day. All rights reserved. This newsletter may only be used pursuant to the subscription agreement, and any reproduction, copying or redistribution (electronic or otherwise, including on the World Wide Web), in whole or in part, is strictly prohibited without the express written permission of Laissez Faire Books LLC, 808 Saint Paul Street, Baltimore, MD 21202-2406. To end your Chart Of The Day e-mail subscription and associated external offers sent from Chart Of The Day, click here to unsubscribe. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. If legal advice or any type of assistance is needed, please seek the services of a competent professional. This material, produced by Chart Of The Day, is for informational purposes only. All technical information, instruction, and advice, reflect the beliefs of Chart Of The Day and are intended as informational only. Chart Of The Day is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to Laissez Faire delivering daily email issues and advertisements. Please read our Privacy Statement. EMAIL REFERENCE ID: 401CODED01