FAD Forecast


Bullish Case: Moderate implied volatility, historical price growth, and sector momentum favor FAD's uptrend continuation. AI and tech trends bolster growth potential.


Bearish Case: Persistent flat price action, overbought conditions, and potential sector correction due to economic uncertainties threaten near-term downside.


Potential Outcomes: Continued moderate volatility (60%), potential tech sector correction (20%), AI trend influence (15%), geopolitical risks (5%). Probabilities derived from historical patterns and current market conditions.


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July 16, 2024


First Trust Exchange-Traded Fund III - First Trust Multi Cap Growth AlphaDEX Forecast

FAD      First Trust Exchange-Traded Fund III - First Trust Multi Cap Growth AlphaDEX











Correlated Assets

Assets that tend to move strongly with FAD



IWR Forecast + Options Trading Strategies   IWR  BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap (0.99)


UPRO Forecast + Options Trading Strategies   UPRO  ProShares UltraPro S&P 500 (0.99)


VOO Forecast + Options Trading Strategies   VOO  Vanguard S&P 500 (0.98)


VIG Forecast + Options Trading Strategies   VIG  Vanguard Group, Inc. - Vanguard Dividend Appreciation FTF (0.98)


SPLG Forecast + Options Trading Strategies   SPLG  SPDR Series Trust - SPDR Portfolio S&P 500 (0.98)



Uncorrelated Assets

Assets with little price relationship to FAD



UCO Forecast + Options Trading Strategies   UCO  ProShares Ultra Bloomberg Crude Oil (0.0)


UAA Forecast + Options Trading Strategies   UAA  Under Armour (-0.0)


TEAM Forecast + Options Trading Strategies   TEAM  Atlassian (-0.0)


ATEC Forecast + Options Trading Strategies   ATEC  Alphatec (-0.01)


ALLO Forecast + Options Trading Strategies   ALLO  Allogene Therapeutics (0.01)



Anticorrelated Assets

Assets that tend to move strongly against FAD



TWM Forecast + Options Trading Strategies   TWM  ProShares UltraShort Russell2000 (-0.97)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.98)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.98)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.98)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.98)





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