PSQ ascends to $13.65 after adding 0.37% yesterday

Published: January 26 2023, 00:41 GMT+0

PSQ ascends to $13.65 after adding 0.37% yesterday

A quick look at yesterday: ProShares Short QQQ closed yesterday at $13.65 (with a daily low of $13.61) after ending Tuesday at $13.6 and gaining 0.37%.

Nevertheless, data from United States concerning Crude Oil Inventories was released yesterday at 15:30 UTC. Newly published figures emphasized continued decline from last month's figure of 8.41 million to 533,000 this month.

At the same time, United States 5-Year Note Auction released yesterday at 18:00 UTC with a figure of 3.53, while the previous figure was 3.973. Fresh Cushing Crude Oil Inventories data from United States came out at 4.27 million.

ProShares Short QQQ shows positive signs, other assets are also on par: AT&T skyrockets 6.58% yesterday and closed at $19.16.

At the same time, NextEra Energy is down to $76.59, losing $7.31, after ending the previous session around $83.9. HDFC Bank Limited lost 6.31% yesterday and closed at $71.44.

Yesterday's gains have given market bulls further impetus to expect strong macro data going forward, such as United States Pending Home Sales is projected to outperform its last figure with -0.9%, having previously been at -4%. The figure will be published tomorrow at 15:00 UTC.

Furthermore, the market is looking at United States Core Durable Goods Orders projected to decline to -0.2% while previous data was 0.1%; data will be released today at 13:30 UTC.

Elsewhere, United States Core PCE Price Index (MoM) (Dec) will be released tomorrow at 13:30 UTC.

This year has been a gloomy one for ProShares Short QQQ after trading as high as $15.25 and going on to lose 8.23% of its value.

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