PSQ falls back to $11.31 after shedding 2.5% yesterday

Published: May 27 2023, 04:30 GMT+0

PSQ falls back to $11.31 after shedding 2.5% yesterday

A quick look at yesterday: a tough session dominated by bearish sentiment left PSQ 29 cents lower, while setting a $11.28 to $11.57 session range.

Data from United States concerning Core Durable Goods Orders was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.3% to -0.2% this month.

While price action maintains a negative bias, United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

Positive performances can be seen by looking at other markets as Costco rallies 4.26% yesterday and closed at $486.55. Intel went up by 5.84% yesterday, and closed at $29. Notably, Netflix rose 5.54% yesterday and closed at $359.

The fund has been trending lower for about a month. ProShares Short QQQ is up 2.65% from the significant low of $11.3 it hit a day ago.