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Bullish Case: Institutional buyers signal confidence [Helium], historical returns trend positive and NDAQ's price action shows steady growth amid underlying volatility


Bearish Case: Low options volume suggests limited interest [Helium], and interest rate decisions loom, potentially triggering market volatility that impacts tech stocks


Potential Outcomes: Steady growth as institutional involvement continues (50%). Market volatility due to rate decisions leading to dips (35%). Earnings surprises either direction causing sharp movements (15%).


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March 29, 2024


Nasdaq Forecast

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






Correlated Stock Forecasts

Assets that tend to move strongly with NDAQ



BYRN Forecast + Options Trading Strategies   [BYRN]  Byrna (0.87)


NKTX Forecast + Options Trading Strategies   [NKTX]  Nkarta (0.84)


GLD Forecast + Options Trading Strategies   [GLD]  SPDR Gold Shares (0.84)


MGNX Forecast + Options Trading Strategies   [MGNX]  Macrogenics (0.83)


TME Forecast + Options Trading Strategies   [TME]  Tencent Music Entertainment Group - (0.83)



Uncorrelated Stock Forecasts

Assets with little price relationship to NDAQ



CRMD Forecast + Options Trading Strategies   [CRMD]  CorMedix (-0.0)


OBE Forecast + Options Trading Strategies   [OBE]  Obsidian Energy (0.0)


HSBC Forecast + Options Trading Strategies   [HSBC]  HSBC (-0.01)


KLIC Forecast + Options Trading Strategies   [KLIC]  Kulicke & Soffa Industries (-0.01)


BYD Forecast + Options Trading Strategies   [BYD]  Boyd Gaming (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against NDAQ



IGT Forecast + Options Trading Strategies   [IGT]  International Game Technology (-0.73)


RILY Forecast + Options Trading Strategies   [RILY]  B. Riley Financial (-0.75)


AEHR Forecast + Options Trading Strategies   [AEHR]  Aehr Test Systems (-0.76)


CRK Forecast + Options Trading Strategies   [CRK]  Comstock Resources (-0.77)


EXTR Forecast + Options Trading Strategies   [EXTR]  Extreme Networks (-0.77)





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