SQQQ - ProShares Trust
ProShares Trust UltraPro Short QQQ (the Fund) seeks daily investment results, before fees and expenses, which correspond to triple (300%) the inverse (opposite) of the daily performance of the NASDAQ-100 Index (the Index). The Fund seeks a return of -300% of the return of an index (target) for a single day. The NASDAQ-100 Index includes 100 of the domestic and international non-financial companies listed on The NASDAQ Stock Market based on market capitalization. The Index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology. Companies selected for inclusion are non-financial companies not in bankruptcy proceedings with appropriate trading volumes and adjusted market capitalization.
The Aroon technical indicator is quite new and was developed by Tushar Chande in 1995. Similar to the MACD, it is used for identifying trends in an underlying security and tries to determine what the chances are that the trends will reverse. The indicator is made up of two lines: The first line is called the Aroon Up, which measures the strength of the uptrend. The second line is called the Aroon Down, and it conversely measures the strength of a downtrend. The Aroon indicator reports the time it is taking for the price to reach the highest or lowest points over a given period of time, each reported as a percentage of total time. The Aroon up as well as the Aroon Down fluctuate between zero and 100, and values close to 100 indicate a very strong trend, while zero indicates a weak trend. The main assumption underlying this indicator is that a stock's price will close at record highs in an uptrend, and record lows in a downtrend.
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