ASX Forecast


Bullish Case: ASE Technology could benefit from increased demand for AI and semiconductor products, promoting higher price returns, fueling bullish market sentiment suggesting potential growth.


Bearish Case: Economic headwinds or reduced investor confidence may lead to further flat price action, exacerbating volatility, particularly with rising interest rates and market corrections.


Potential Outcomes:

1. AI-driven earnings boost (40%);

2. Negative macroeconomic pressures (30%);

3. Increased volatility due to option activity (20%);

4. Continued flat performance (10%).


Trading Oracle: Implement a bullish debit spread using the ASX 09/20/2024 12.50 C (IV: 41.0) to leverage potential upside as the market trends into the next earnings cycle. This strategy aligns with the expected upward volatility, maximizing profits while managing risk.


July 24, 2024


ASE Technology Holding Co.Ltd Forecast

ASX      ASE Technology Holding Co.Ltd











Correlated Assets

Assets that tend to move strongly with ASX



IYW Forecast + Options Trading Strategies   IYW  BlackRock Institutional Trust Company N.A. - iShares U.S. Technology (0.97)


AIQ Forecast + Options Trading Strategies   AIQ  Global X Funds - Global X Artificial Intelligence & Technology (0.97)


XLK Forecast + Options Trading Strategies   XLK  Technology Select Sector SPDR (0.97)


QQQM Forecast + Options Trading Strategies   QQQM  Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 (0.97)


VGT Forecast + Options Trading Strategies   VGT  Vanguard Information Technology (0.97)



Uncorrelated Assets

Assets with little price relationship to ASX



PBF Forecast + Options Trading Strategies   PBF  PBF Energy (0.0)


CRI Forecast + Options Trading Strategies   CRI  Carters (0.01)


JOE Forecast + Options Trading Strategies   JOE  St. Joe (0.01)


AI Forecast + Options Trading Strategies   AI  C3.ai (-0.01)


NVAX Forecast + Options Trading Strategies   NVAX  Novavax (0.02)



Anticorrelated Assets

Assets that tend to move strongly against ASX



UVXY Forecast + Options Trading Strategies   UVXY  ProShares Ultra VIX Short-Term Futures (-0.93)


VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (-0.95)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.96)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.96)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.97)





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