Related Topics
Investing , Stocks

5X Gain … or Pain? Here’s What Happened with This Exchange-Traded Product

Look at the performance of Leverage Shares 5X Long U.S. Tech 100 ETP … in just six months

by Bob Stokes
Updated: July 19, 2022

The world of investing is filled with so many vehicles that it can be difficult for an investor to keep up with all of them.

One such investment vehicle was introduced in mid-December of 2021 and the timing of its introduction caught Elliott Wave International's attention.

I'm talking about the Leverage Shares 5x Long US Tech 100 ETP -- the symbol of this exchange-traded product is 5QQQ.

Our January Elliott Wave Financial Forecast called its introduction a sure-fire sign of a top and added:

This "financial innovation", in and of itself, marks the gateway into a long bear market. The damage it will do to investors during the decline will be measured by the extent of the losses, which will be extreme.

Our July Elliott Wave Financial Forecast provides an update with this chart and commentary:


This chart of the performance of the Leverage Shares 5x Long US Tech 100 ETP gives you an idea of what we were referring to [in January]. It's now down 92% since the peak on December 30, 2021, just six months ago.

And, speaking of investment vehicles which were introduced in 2021, here's another.

This chart and commentary are also from our July Elliott Wave Financial Forecast:


The chart shows the NFT Index, which originated on March 20, 2021 to track the price of these tokens. The index is down 90% from its high. On April 8, when the NFT Index was down 60% from its peak, a new standard was devised to measure the performance of only the very finest NFTs.

Now is the time to learn what our Elliott Wave Financial Forecast is saying about the major stock indexes -- like the Dow Industrials and the S&P 500.

Is it possible that even these widely traded vehicles could experience declines of 90% or more?

Get our latest financial insights now as you follow the link below.

Winning in Financial Markets is a Worthy Pursuit...

...Yet, so is preservation of capital -- when the time is right.

Is the time right (or nearly so)?

Elliott wave analysis reveals high-confidence answers for U.S. stocks, bonds, gold, silver, the U.S. dollar, cryptocurrencies and much more.

Right now, you can get 1 week of our flagship Financial Forecast Service -- plus $178 worth of FREE investor resources -- for only $17 inside the Financial Forecast Service Test Drive.

No, that's not a typo. You get $275 worth of U.S.-market forecasts and investor resources for only $17.

Click the button below to learn more and get started today.

Financial Forecast Service


All month long, Financial Forecast Service helps you stay ahead of the waves in the U.S. markets on the timeframes that matter the most. FFS covers the stock indexes, bonds, gold, silver, the U.S. dollar, as well as market psychology and cultural trends. It is our most popular service.

Comprises the monthly Elliott Wave Financial Forecast, 3x-per-week Short Term Update and at least 12x-per-year Elliott Wave Theorist.

U.S. Stocks: Wave “Pattern Completed at 4 Degrees of Trend”

"Things will change over the course of the next few years," says our Financial Forecast co-editor Pete Kendall in this new interview. Hear it for yourself.

Microsoft (MSFT): Where Market "Fundamentals" Fail, Elliott Waves Prevail

September saw tech giant Microsoft Corp. in freefall, a rout ending September 30 at the stock's lowest level since March 2021. Oddly enough, the decline occurred amidst "fantastic" figures of growth and productivity. If you can answer the question, "Why did prices fall despite bullish 'fundamentals?'" you've got the job!


MSCI Taiwan, KOSPI: Looking at U.S. Dollar to Understand Stock Trends

The Asian-Pacific stock markets have been showing a clear correlation with the trend in the U.S. dollar. Watch our Asian-Pacific Short Term Update editor Chris Carolan explain why right now, it's a "very dangerous" moment for the regional stocks.