Tradr 2X Long Innovation 100 Monthly ETF (MQQQ)

Tradr 2X Long Innovation 100 Monthly ETF is trading at $205.60, down 7.77% on the session. The 50 day average sits at $232.16 and the 200 day at $211.25, which puts the stock in a uptrend. RSI is at 43.6, which reads as weak, and MACD is bearish crossover. Volume is volume spike.

The nearest support is around $221.07 with resistance near $230.42, so that band frames the current range. Average daily movement is roughly $6.29, or about 3.1% of the share price, which is what any stop placement has to allow for. The overall health score of 56 out of 100 combines a trend score of 77, momentum of 32 and a risk score of 54.

Under normal market circumstances, the fund will maintain at least 80% exposure to financial instruments that provide two times leveraged exposure to the calendar month performance of the Invesco QQQ TrustSM. The manager will enter into one or more swaps with major global financial institutions whereby the fund and the global financial institution will agree to exchange the return earned or realized on the Invesco QQQ TrustSM. The fund is non-diversified.