Score 9.2 (out of 10): Nasdaq QQQ poised to seasonally rally by +6.3% during the next 60 days

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What’s Going On Here?

INVESCO QQQ TRUST indicates an interesting 60 days seasonal set up. During similar occasions, INVESCO QQQ TRUST shares had a median return of +6.3% – based on 9 historical occasions with 9 of those showing positive returns (100%). This buy signal for INVESCO QQQ TRUST received a high score of 9.2 (out of 10). This insight was generated with last price of 348.4.

INVESCO QQQ TRUST is in the Sector Fund-Technology business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: QQQ US.

Historical Chart:

6.3% (June-2022), 10.4% (June-2021), 12.3% (June-2020), 8.6% (June-2019), 6.3% (June-2018), 3.7% (June-2017), 5.2% (June-2016), 1% (June-2015), 8.1% (June-2014)

We found 60 days to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 370.34 (+6.3%) has been reached. Based on INVESCO QQQ TRUST’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 341 (last price at 348.4), which is equivalent to a -2.1% decline.

Historical Chart:

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