WANT Forecast




Price Forecast:


Bearish<->Bullish




Bullish Case: A resurgence in consumer spending due to improved economic indicators could propel WANT, supported by favorable historical return trends. Recent implied volatility indicates potential for upward price movement as investor sentiment strengthens in the wake of consumer optimism.




Bearish Case: Increased geopolitical tensions and economic uncertainties could lead to volatility in consumer discretionary spending, negatively impacting WANT. High implied volatility suggests that market fears may translate into significant downward price pressure in the short term.




Potential Outcomes:

1. 40%: Stable growth as consumer confidence increases.

2. 30%: High volatility due to external economic shocks.

3. 20%: Significant decline linked to geopolitical events.

4. 10%: Unexpected bullish rally driven by innovative market strategies or earnings surprises.




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October 12, 2024


Direxion Daily Consumer Discretionary Bull 3X Shares Forecast

WANT        Direxion Daily Consumer Discretionary Bull 3X Shares











Correlated Assets

Assets that tend to move strongly with WANT



XLY Forecast + Options Trading Strategies   XLY  Active Trust - Consumer Discretionary Select Sector SPDR (0.93)


HD Forecast + Options Trading Strategies   HD  Home Depot (0.8)


ARKF Forecast + Options Trading Strategies   ARKF  ARK Fintech Innovation (0.8)


ADSK Forecast + Options Trading Strategies   ADSK  Autodesk (0.8)


LITE Forecast + Options Trading Strategies   LITE  Lumentum (0.78)



Uncorrelated Assets

Assets with little price relationship to WANT



AR Forecast + Options Trading Strategies   AR  Antero Resources (0.0)


ACHC Forecast + Options Trading Strategies   ACHC  Acadia Healthcare (-0.0)


SBUX Forecast + Options Trading Strategies   SBUX  Starbucks (0.0)


GPN Forecast + Options Trading Strategies   GPN  Global Payments (-0.0)


VIR Forecast + Options Trading Strategies   VIR  Vir Biotechnology (0.0)



Anticorrelated Assets

Assets that tend to move strongly against WANT



LABD Forecast + Options Trading Strategies   LABD  Direxion Daily S&P Biotech Bear 3X Shares (-0.67)


SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (-0.69)


RWM Forecast + Options Trading Strategies   RWM  ProShares Trust - ProShares Short Russell2000 (-0.69)


DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.71)


SRS Forecast + Options Trading Strategies   SRS  ProShares UltraShort Real Estate (-0.72)









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