FNY Forecast


Bullish Case: FNY's heavy allocation to high-growth sectors like tech and healthcare, impressive historical returns, and the potential for recovery in market conditions support a bullish outlook.


Bearish Case: High volatility and recent neutral AI price forecasts alongside a 12-month downtrend make FNY vulnerable to market swings and negative sentiment.


Potential Outcomes: 30% chance FNY consolidates around $73-$75, 40% chance of a decline to $70, 20% likelihood of breaking above $75, 10% chance of significant downturn below $70 due to macroeconomic factors.


Trading Oracle: Opt for Helium Short Volatility credit spreads, favoring put spreads around the $70-$73 strikes for a 60-90 days outlook. This captures premium in a high IV environment while hedging downside risk, offering high reward:risk ratio and high probability of profit.


June 30, 2024


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

FNY      First Trust Exchange-Traded Fund III - First Trust Mid Cap Growth AlphaDEX











Correlated Assets

Assets that tend to move strongly with FNY



IWD Forecast + Options Trading Strategies   IWD  iShares Russell 1000 Value (0.99)


SPHB Forecast + Options Trading Strategies   SPHB  Invesco Capital Management LLC - Invesco S&P 500 High Beta (0.98)


VYM Forecast + Options Trading Strategies   VYM  Vanguard High Dividend Yield Indx (0.98)


VTWO Forecast + Options Trading Strategies   VTWO  Vanguard Russell 2000 Index (0.98)


SPYV Forecast + Options Trading Strategies   SPYV  SPDR Portfolio S&P 500 Value (0.97)



Uncorrelated Assets

Assets with little price relationship to FNY



CTRA Forecast + Options Trading Strategies   CTRA  Coterra Energy (0.0)


EOG Forecast + Options Trading Strategies   EOG  EOG Resources (-0.0)


SMAR Forecast + Options Trading Strategies   SMAR  Smartsheet (-0.01)


NVAX Forecast + Options Trading Strategies   NVAX  Novavax (0.01)


AOSL Forecast + Options Trading Strategies   AOSL  Alpha & Omega Semiconductor (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against FNY



SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.95)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.95)


DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (-0.95)


RWM Forecast + Options Trading Strategies   RWM  ProShares Trust - ProShares Short Russell2000 (-0.98)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.99)


FNY News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.






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