PSQ lost 2.5% yesterday, ending at $11.31

Published: May 27 2023, 00:41 GMT+0

PSQ lost 2.5% yesterday, ending at $11.31

Yesterday at a glance: a tough session dominated by bearish sentiment left PSQ 29 cents lower, while setting a $11.28 to $11.57 session range.

Core Durable Goods Orders in United States fell short of market expectations (0%) with a reading of -0.2%, continuing the decline from the previous figure of 0.3%.

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. Notably, Intel rose 5.84% yesterday and closed at $27.4. Netflix added 5.54% and closed around $359 yesterday.

All in all, the fund has been on a negative trend for around a month. A day ago, ProShares Short QQQ fell to a low of $11.3 but has since recovered 2.65%.