NASDAQ-100 (QQQ)

This article provides a comprehensive guide for Singaporean investors on how to invest in the Nasdaq-100 index through the Invesco QQQ ETF. It details what QQQ invests in, its fees, dividend policy, tax implications (including US dividend withholding and estate tax), and compares it with other Nasdaq-100 UCITS ETFs and S&P 500 ETFs. The guide also discusses the risks involved and offers practical advice on purchasing QQQ in Singapore, including considerations for CPF or SRS funds.

The ProShares UltraPro QQQ (TQQQ), designed to deliver three times the Nasdaq-100's daily return, has only slightly outperformed the Invesco QQQ Trust (QQQ) this year, returning 15% compared to QQQ's 13%. This underperformance is attributed to market choppiness, which negatively impacts leveraged ETFs, and significantly higher operational costs, including a 0.94% expense ratio and borrowing costs for its 3x leverage. While TQQQ excels in steadily climbing markets, volatile or sideways periods can lead to substantial losses, underscoring the fund's daily target design and the need for periodic position monitoring.

The Nasdaq 100 surged 2.8% due to a strong rebound in AI-related stocks, particularly CoreWeave Inc. which soared 25.1% after better-than-expected third-quarter results and a lighter funding plan. This rally propelled chipmakers, memory producers, and power stocks, adding over $500 billion to tech market values. While the S&P 500 and Dow also saw gains, health care stocks lagged as investors shifted from defensive to growth sectors.

Cyclical sectors, particularly technology, led the market rally on Wednesday, with the Invesco QQQ Trust and State Street SPDR S&P 500 ETF showing gains. Defensives such as Health Care and Consumer Staples lagged, indicating a concentrated rather than broad market advance. Key performers included Oracle, Broadcom, and NVIDIA within the technology sector.

The ProShares Ultra QQQ ETF (QLD) aims to provide twice the daily returns of the Nasdaq 100, which can lead to significant gains but also amplified losses due to high volatility. An analyst suggests waiting for lower volatility before investing in QLD to prioritize downside protection. As of November 11, 2026, QLD trades at USD 77.82, showing strong buying interest despite its risks.

Nvidia's shares fell approximately 6% in pre-market trading after reports surfaced of an internal investigation into CEO Jensen Huang regarding a foreign intelligence effort. This potential leadership crisis could significantly impact the $540 billion in U.S.-listed ETFs holding Nvidia, with an estimated $32.4 billion decline in value. Key ETFs like VanEck Semiconductor ETF and Vanguard Information Technology ETF have substantial Nvidia exposure, highlighting the broader risk for diversified portfolios dependent on one stock and its influential CEO.

The U.S. economy significantly surpassed expectations in October, adding 165,000 jobs against an estimated 65,000, and the unemployment rate fell to 4.1%. This strong jobs report, coupled with firmer wages, has led traders to price in an 80% chance of a 25-basis-point rate hike by the Federal Reserve in December. Following a previous tech stock downturn, chipmakers like Lam Research Corp., Dell Technologies Inc., Applied Materials Inc., Advanced Micro Devices Inc., and Nvidia Corp. led a premarket rebound.

The ProShares UltraPro QQQ ETF (TQQQ) closed at $50.47 on November 5, 2026, down 18.91%, exhibiting a bearish daily setup despite oversold readings. The price is below its daily exponential averages and lower Bollinger band, with hourly charts confirming weakness, though the 15-minute MACD shows limited counterweight. Key levels for the next session include an hourly pivot at $50.83 and a daily pivot at $53.57, with a bullish scenario requiring a hold above $50.25.

Former President Donald Trump celebrated a stock market rally on Truth Social, claiming a "Record High" despite his own party's recent midterm defeat where Democrats swept both the House and Senate. Although the Dow Jones Industrial Average saw a significant gain, none of the major indexes actually reached a record high, with the Dow still 2.5% below its 52-week peak and the Nasdaq-100 (QQQ) 8% below its high. This market surge, attributed to reduced political uncertainty following the decisive Democratic victory, saw some sectors like hyperscalers and retailers gain, while Trump Media & Technology Group Corp. (DJT) shares fell to a new 52-week low.

Ahead of Tuesday's midterm elections, tech stocks have seen a significant sell-off, with analysts suggesting that investors are pricing in two years of political gridlock if Democrats gain control of Congress. Market commentators highlight that "markets hate uncertainty," and former President Donald Trump's threat to act as "Mr. Veto" if Republicans lose the House further contributes to this sentiment. Despite the short-term concerns, historical data from Fidelity Investments and Morgan Stanley suggests that the S&P 500 typically performs well in the 12 months following midterm elections, regardless of the political outcome.