NDAQ Forecast + Trading Strategies


Bullish Case: Nasdaq demonstrated resilience amid recent corrections, and robust tech sector earnings could propel further gains.


Bearish Case: Rising interest rates and market volatility pose significant risks, potentially driving NDAQ downward.


Potential Outcomes:

1. Improved earnings (40%),

2. Interest rate hikes trigger sell-off (35%),

3. New IPOs lift index (25%).


Trading Oracle: Sign Up to access trading oracle trade ideas.


May 28, 2024


Nasdaq Forecast

NDAQ        Nasdaq
Price Forecast: NEUTRAL    Price Action: TRENDING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with NDAQ



ERJ Forecast + Options Trading Strategies   ERJ  Embraer (0.92)


VITL Forecast + Options Trading Strategies   VITL  Vital Farms (0.9)


PK Forecast + Options Trading Strategies   PK  Park Hotels & Resorts (0.89)


TME Forecast + Options Trading Strategies   TME  Tencent Music Entertainment Group - (0.88)


HMY Forecast + Options Trading Strategies   HMY  Harmony Gold Mining (0.88)



Uncorrelated Stock Forecasts

Assets with little price relationship to NDAQ



WTRG Forecast + Options Trading Strategies   WTRG  Essential Utilities (-0.0)


CVI Forecast + Options Trading Strategies   CVI  CVR Energy (0.0)


KDP Forecast + Options Trading Strategies   KDP  Keurig Dr Pepper (0.0)


AMRK Forecast + Options Trading Strategies   AMRK  A-Mark Precious Metals (0.01)


DVN Forecast + Options Trading Strategies   DVN  Devon Energy (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against NDAQ



FWRD Forecast + Options Trading Strategies   FWRD  Forward Air (-0.83)


DOG Forecast + Options Trading Strategies   DOG  ProShares Short Dow30 (-0.83)


WTI Forecast + Options Trading Strategies   WTI  W & T Offshore (-0.84)


SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (-0.84)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.85)





Become a more profitable investor with AI optimized trading strategies






×

Chat with NDAQ


 Ask any question about NDAQ!