TSDD Overview

Pre-Market Activity: The NASDAQ 100 Pre-Market Indicator is up slightly, with significant trading volumes in various ETFs related to Tesla and other stocks, including Direxion Daily TSLA Bull 2X Shares and T-Rex 2X Inverse Tesla Daily Target ETF.

Stock Performance Highlights: Notable stock movements include Tesla, Inc. down by $7.22, while Shopify Inc. saw an increase of $13.95, reflecting varying market sentiments and earnings forecasts for several companies.

Wall Street Performance: Last week, major U.S. stock indices experienced declines due to uncertainties surrounding the presidential election, mixed tech earnings, and disappointing job growth, with the economy adding only 12,000 jobs in October.

Top Performing ETFs: Several leveraged ETFs saw significant gains, including ProShares UltraShort Bloomberg Natural Gas (KOLD) up 26.7%, GraniteShares 2x Short TSLA Daily ETF (TSDD) up 16.8%, and MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) up 12.3%, driven by factors such as falling natural gas prices and disappointing earnings from Tesla and AMD.

ETF Outflows: The TSDD ETF experienced the largest outflow, losing 900,000 units, which is a 40.0% decrease in outstanding units compared to the previous week.

Market Commentary: The views expressed regarding the ETF market do not necessarily reflect those of Nasdaq, Inc.