🚀 Today's Big Ideas: Ethereum (+44.7%), MSCI Brazil (+5.4%), EuroStoxx (+5.0%), JP Morgan (+7.0%)
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TODAY’s Big Ideas:
Lookback: Insight projected Ethereum’s +44.7% rally (from July 16, 2022)
ISHARES MSCI BRAZIL sets up for +5.4% rally in 2 weeks
EuroStoxx (Europe) sets up for +5.0% rally in 1 month
JPMORGAN poised to seasonally rally by +7.0% during the next 90 days
For more investment insights, please visit us at www.LongShortBets.com
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(1) Lookback: On July 16, we published: Score 8.8 (out of 10): Ethereum sets up for +44.7% rally in 2 months
What’s Going On Here?
A soft date target has now been set for the Ethereum merge to happen during the week of September 19. The Merge is seen by many analysts as a bullish event.
Why Now?
Ethereum has reached a new shorter-term high. Previously, during similar occasions, Ethereum shares had a median return of +44.7%, over the following 2 months – based on 10 historical occasions with 9 of those showing positive returns (90% hit ratio). This buy signal for Ethereum received a high score of 8.8 (out of 10). This insight was generated on 2022-July-15 with last price of 1247.31.
What’s This Company About?
Ethereum is in the crypto business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: ETH.
What’s My Risk / Reward and Time Horizon?
We found 2 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 1804.67 (+44.7%) has been reached. Based on Ethereum’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 1112.51 (last price at 1247.31), which is equivalent to a -10.8% decline.
Returns during similar periods:
NEW INSIGHTS BELOW:
(2) Score 8.3 (out of 10): ISHARES MSCI BRAZIL ETF sets up for +5.4% rally in 2 weeks
What’s Going On Here?
The USD might be peaking out and this could support emerging markets, such as Brazil.
Why Now?
ISHARES MSCI BRAZIL ETF has triggered a new price range signal. During similar occasions, ISHARES MSCI BRAZIL ETF shares had a median return of +5.4%, over the following 2 weeks – based on 10 historical occasions with 10 of those showing positive returns (100%). This buy signal for ISHARES MSCI BRAZIL ETF received a high score of 8.3 (out of 10). This insight was generated on 2022-July- 28 with last price of 28.83.
What’s This Company About?
ISHARES MSCI BRAZIL ETF is in the Country Fund-Brazil business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: EWZ US .
What’s My Risk / Reward and Time Horizon?
We found 2 weeks to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 30.39 (+5.4%) has been reached. Based on ISHARES MSCI BRAZIL ETF’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 27.63 (last price at 28.83), which is equivalent to a -4.2% decline.
Returns during similar periods:
You might also like: Score 9 (out of 10): MICROSOFT poised to seasonally rally by +6.9% during the next 90 days
(3) Score 7.7 (out of 10): EuroStoxx (Europe) sets up for +5.0% rally in 1 month
What’s Going On Here?
Oil prices have peaked out in June which means Europe’s inflation will likely follow suit.
Why Now?
EuroStoxx (Europe) has triggered a new technical analysis ‘rally reversal’ signal. During similar occasions, EuroStoxx (Europe) shares had a median return of +5%, over the following 1 month – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for EuroStoxx (Europe) received a high score of 7.7 (out of 10). This insight was generated on 2022-July-26 with last price of 3575.36.
What’s This Company About?
EuroStoxx (Europe) is in the Equity market index business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. Ticker symbol: ^STOXX50E.
What’s My Risk / Reward and Time Horizon?
We found 1 month to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 3754.83 (+5%) has been reached. Based on EuroStoxx (Europe)’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 3479.16 (last price at 3575.36), which is equivalent to a -2.7% decline.
Returns during similar periods:
You might also like: Score 7.3 (out of 10): APPLE sets up for +6% rally in 1 month
(4) Score 9 (out of 10): JP MORGAN poised to seasonally rally by +7% during the next 90 days
What’s Going On Here?
JPMorgan hires scientist Charles Lim to help protect financial system from quantum-supremacy threat.
Why Now?
JPMORGAN CHASE & CO indicates an interesting 90 days seasonal set up. During similar occasions, JPMORGAN CHASE & CO shares had a median return of +7% – based on 9 historical occasions with 8 of those showing positive returns (89%). This buy signal for JPMORGAN CHASE & CO received a high score of 9 (out of 10). This insight was generated with last price of 114.81.
What’s This Company About?
JPMORGAN CHASE & CO is in the Diversified Banking Inst business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: JPM US.
What’s My Risk / Reward and Time Horizon?
We found 90 days to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 122.85 (+7%) has been reached. Based on JPMORGAN CHASE & CO’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 110.91 (last price at 114.81), which is equivalent to a -3.4% decline.
Returns during similar periods:
For more investment insights, please visit us at www.LongShortBets.com