Bullish Case: NDAQ shows resilience amidst broader market instability, with ongoing institutional support and a rising trend in options' implied volatilities suggesting potential for upward price shocks.


Bearish Case: Recent market declines, intensified by tech sector volatility and potential interest rate adjustments, could lead to further decreases in NDAQ prices as investor sentiment wanes.


Potential Outcomes:

1. Continued market resilience (45%), drawing on institutional strength.

2. Downward pressure from broader market instability (40%).

3. Positive shocks from upcoming IPOs, potentially lifting the index (15%).


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April 23, 2024


Nasdaq Forecast

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











Correlated Stock Forecasts

Assets that tend to move strongly with NDAQ



VITL Forecast + Options Trading Strategies   VITL  Vital Farms (0.88)


IDT Forecast + Options Trading Strategies   IDT  IDT Corp. - (0.86)


GLD Forecast + Options Trading Strategies   GLD  SPDR Gold Shares (0.85)


HMY Forecast + Options Trading Strategies   HMY  Harmony Gold Mining (0.85)


PK Forecast + Options Trading Strategies   PK  Park Hotels & Resorts (0.85)



Uncorrelated Stock Forecasts

Assets with little price relationship to NDAQ



BYD Forecast + Options Trading Strategies   BYD  Boyd Gaming (-0.0)


UGA Forecast + Options Trading Strategies   UGA  United States Commodity Funds (0.0)


PAAS Forecast + Options Trading Strategies   PAAS  Pan American Silver (0.0)


SAND Forecast + Options Trading Strategies   SAND  Sandstorm Gold (-0.01)


D Forecast + Options Trading Strategies   D  Dominion Energy (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against NDAQ



APD Forecast + Options Trading Strategies   APD  Air Products & Chemicals (-0.75)


RILY Forecast + Options Trading Strategies   RILY  B. Riley Financial (-0.76)


CRK Forecast + Options Trading Strategies   CRK  Comstock Resources (-0.78)


EXTR Forecast + Options Trading Strategies   EXTR  Extreme Networks (-0.78)


AEHR Forecast + Options Trading Strategies   AEHR  Aehr Test Systems (-0.78)


NDAQ 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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