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Bullish Case: DIA's 52% more bullish risk vs bearish, current backwardation may signify upcoming positive catalysts, signaling potential for gains amidst high option trading volume.


Bearish Case: Recent DIA price decline and options term structure in backwardation indicates potential short-term sell-offs or volatility spikes that could pressure prices downward.


Potential Outcomes:

1) 55% chance of bullish rebound on high option volume and 52% bullish risk bias.

2) 30% probability of flat markets as AI forecast suggests neutrality.

3) 15% risk of downturn on backwardation and recent price dips.


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April 13, 2024


SPDR Dow Jones Industrial Average Forecast

DIA        SPDR Dow Jones Industrial Average
Price Forecast: NEUTRAL    Price Action: RANDOM (?)






Correlated Stock Forecasts

Assets that tend to move strongly with DIA



XLF Forecast + Options Trading Strategies   [XLF]  Financial Select Sector SPDR (0.99)


VIG Forecast + Options Trading Strategies   [VIG]  Vanguard Group, Inc. - Vanguard Dividend Appreciation FTF (0.99)


FAS Forecast + Options Trading Strategies   [FAS]  Direxion Daily Financial Bull 3x Shares (0.99)


UDOW Forecast + Options Trading Strategies   [UDOW]  ProShares UltraPro Dow30 (0.99)


VTI Forecast + Options Trading Strategies   [VTI]  Vanguard Total Stock Market (0.98)



Uncorrelated Stock Forecasts

Assets with little price relationship to DIA



UUUU Forecast + Options Trading Strategies   [UUUU]  Energy Fuels (-0.0)


OPRA Forecast + Options Trading Strategies   [OPRA]  Opera (0.0)


SA Forecast + Options Trading Strategies   [SA]  Seabridge Gold (0.01)


HYLN Forecast + Options Trading Strategies   [HYLN]  Hyliion (0.01)


GDXJ Forecast + Options Trading Strategies   [GDXJ]  VanEck Vectors Junior Gold Miners (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against DIA



SRTY Forecast + Options Trading Strategies   [SRTY]  ProShares UltraPro Short Russell2000 (-0.93)


TECS Forecast + Options Trading Strategies   [TECS]  Direxion Daily Technology Bear 3X Shares (-0.94)


SPXS Forecast + Options Trading Strategies   [SPXS]  Direxion Daily S&P 500 Bear 3X Shares (-0.97)


SDOW Forecast + Options Trading Strategies   [SDOW]  ProShares UltraPro Short Dow30 (-1.0)


DXD Forecast + Options Trading Strategies   [DXD]  ProShares UltraShort Dow30 (-1.0)





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