QQQ ETF Trading Defined and Explained
Often referred to as the “Q’s” or “Cubes” due to its unusual ticker symbol, the Nasdaq-100 Trust QQQ is probably the best-known exchange-traded fund (ETF) in existence.
The QQQ ETF tracks with the Nasdaq-100 Trust Index, consisting of the top 100 companies traded on the NASDAQ exchange. The ETF’s ten largest holdings accounted for nearly 50% of the QQQ’s value.
QQQ ETF Trading Software
Knowing what is going to happen in the market is critical to profitable ETF trading. VantagePoint software forecasts the QQQ ETF high and low for the next day with very high accuracy, so you’ll know where to put your stops and whether to tighten up on them or get out of the trade immediately.
Using forecasts of market trend direction in conjunction with predicted highs and lows greatly increases the potential for successful QQQ ETF trades. VantagePoint even allows you to visualize forecasts and indicators graphically on your computer for ease of use.
QQQ ETF Trading News
Annually, during December, the NASDAQ reviews its’ index and makes changes to its components. The NASDAQ also makes changes to its Nasdaq-100 Index throughout the year due to delisting, bankruptcies, mergers and acquisitions. The Nasdaq-100 remains heavily based on the technology sector, as nearly 2/3 of its component stocks are involved in either technology or communications. The Australian Associated Press reports on the major events in the trading market, making it a valuable resource for investors.
QQQ ETF Trading Information
The QQQ ETF has been around since 1999 and is now one of the most heavily traded ETFs in the United States. Because the QQQ’s value is based on the Nasdaq market, which is technology-heavy, the QQQ ETF trades similar to a portfolio of tech issues.
Trading QQQ ETF with VantagePoint Software
Since 1991 VantagePoint Software has been applying Artificial Intelligence to forecast market trends with up to 87.4% proven accuracy. With more than 25,000 customers in 114 different countries, VantagePoint is the leading AI trading software for ETFs.