ProShares UltraPro QQQ (TQQQ) LONGThe Technology Sector Continues to Break Records
The tech sector keeps setting new highs, and alongside individual stocks, it's a great idea to consider investing in an ETF that mirrors the profits of the NASDAQ 100 index. One of the most attractive options is TQQQ - it’s more affordable than the index itself, yet offers similar growth potential aligned with the entire tech sector.
I expect continued growth through the end of the year, assuming the geopolitical landscape remains relatively stable.
From a technical standpoint, those looking to minimize risk might prefer to wait for a retest of previous highs. However, my approach is to gradually build a position both before the breakout and after the retest of the highs.
A classic technical analysis pattern -the cup formation, also supports the bullish case for entry. As George Soros wrote in his book: “What moves the market : our expectations or the events themselves?” I’d say it’s both. The key is not to miss the wave.
P.S. Don’t forget: with TQQQ, you also receive dividends - a nice bonus while riding the trend.
