SPYG Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: SPYG may trend upwards due to significant bullish sentiment, as indicated by the 77% call option volume relative to puts, suggesting investor confidence in achieving higher targets.




Bearish Case: Market uncertainty and implied volatility disparities point towards potential headwinds, as evidenced by recent trading volumes at the 14th percentile—indicating a risk of downward movement.




Potential Outcomes:

1. SPYG rises by 5% (40% chance): driven by earnings beats.

2. SPYG remains flat (30% chance): due to ongoing economic concerns.

3. SPYG declines by 5% (30% chance): impacted by market corrections or headwinds.




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



October 20, 2024


SPDR Portfolio S&P 500 Growth Forecast

SPYG        SPDR Portfolio S&P 500 Growth











Correlated Assets

Assets that tend to move strongly with SPYG



IVW Forecast + Options Trading Strategies   IVW  BlackRock Institutional Trust Company N.A. - iShares S&P 500 Growth (1.0)


VUG Forecast + Options Trading Strategies   VUG  Vanguard Growth (1.0)


VTI Forecast + Options Trading Strategies   VTI  Vanguard Total Stock Market (0.99)


QQQM Forecast + Options Trading Strategies   QQQM  Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 (0.99)


SPXL Forecast + Options Trading Strategies   SPXL  Direxion Daily S&P 500 Bull 3X Shares (0.99)



Uncorrelated Assets

Assets with little price relationship to SPYG



CGC Forecast + Options Trading Strategies   CGC  Canopy Growth (-0.0)


MAT Forecast + Options Trading Strategies   MAT  Mattel (-0.0)


RCUS Forecast + Options Trading Strategies   RCUS  Arcus Biosciences (-0.0)


EDV Forecast + Options Trading Strategies   EDV  Vanguard Group, Inc. - Vanguard Extended Duration Treasury (-0.0)


HIVE Forecast + Options Trading Strategies   HIVE  HIVE Blockchain (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against SPYG



TXG Forecast + Options Trading Strategies   TXG  10x Genomics (-0.9)


SEDG Forecast + Options Trading Strategies   SEDG  Solaredge (-0.92)


UVIX Forecast + Options Trading Strategies   UVIX  VS Trust - 2x Long VIX Futures (-0.94)


MED Forecast + Options Trading Strategies   MED  Medifast (-0.94)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.99)









Become a more profitable investor with AI optimized trading strategies






×

Chat with SPYG


 Ask any question about SPYG!