🚀 Today's Big Ideas: Ethereum (+53%), Nasdaq (+6.0%), Nvidia (+13.4%)
Hedge Fund Quality Insights accessible at EVERYONE's fingertips.
TODAY’s Big Ideas:
Ethereum poised to seasonally rally by +53% during the next 60 days
Nasdaq INVESCO QQQ Tech ETF sets up for +6% rally in 1 month
NVIDIA sets up for +13.4% rally in 2 months
For more investment insights, please visit us at www.LongShortBets.com
This week might have been an important week for the bulls as the Russia conflict seems to have been priced in (Volatility, Gold and Oil all peaked) while the Fed has been less hawkish than feared….
(1) Score 9.0 (out of 10): Ethereum poised to seasonally rally by +53% during the next 60 days
What’s Going On Here?
The Federal Reserve’s interest rate decision could be bullish for risk assets (and crypto) as instead of feared raising by 50bps, they only raised by 25bps and instead of starting to unwind their balance sheet now, the central bankers have postponed it to the next FOMC meeting. This might give risk assets time to breath and investors could take advantage of the current oversold conditions.
Why Now?
Ethereum indicates an interesting 60 days seasonal set up. During similar occasions, Ethereum shares had a median return of +53% – based on 4 historical occasions with 4 of those showing positive returns (100%). This buy signal for Ethereum received a high score of 9 (out of 10). This insight was generated with last price of 2,690.
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 Less Risky. Ticker symbol: ETH.
What’s My Risk / Reward and Time Horizon?
We found 60 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 4,116 (+53%) 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 2,428 (last price at 2,690), which is equivalent to a -9.7% decline.
(2) Score 9.1 (out of 10): Nasdaq INVESCO QQQ Tech ETF sets up for +6% rally in 1 month
What’s Going On Here?
Tech stocks could be a beneficiary as the recent risk off factors are being priced into markets. Fed policy has not surprised more hawkish than feared and the Russia / Ukraine conflict seems well advanced.
Why Now?
INVESCO QQQ TRUST has triggered a new technical analysis ‘rally reversal’ signal. During similar occasions, INVESCO QQQ TRUST shares had a median return of +6%, over the following 1 month – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for INVESCO QQQ TRUST received a high score of 9.1 (out of 10). This insight was generated on 2022-March-17 with last price of 344.44.
What’s This Company About?
INVESCO QQQ TRUST is in the Sector Fund-Technology business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. Ticker symbol: QQQ US.
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 365.05 (+6%) has been reached. Based on INVESCO QQQ TRUST’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 328.94 (last price at 344.44), which is equivalent to a -4.5% decline.
You might also like: Score 7.3 (out of 10): META PLATFORMS (Facebook) sets up for +10.7% rally in 3 months
(3) Score 8.3 (out of 10): NVIDIA sets up for +13.4% rally in 2 months
What’s Going On Here?
Nvidia’s P/E ratio of 60 appears to be reasonable for some growth-oriented tech stocks. Revenue climbed 61% year over year to $26.9 billion.
Why Now?
NVIDIA CORP has reached a new shorter-term high. Previously, during similar occasions, NVIDIA CORP shares had a median return of +13.4%, over the following 2 months – based on 10 historical occasions with 8 of those showing positive returns (80% hit ratio). This buy signal for NVIDIA CORP received a high score of 8.3 (out of 10). This insight was generated on 2022-March-17 with last price of 247.66.
What’s This Company About?
NVIDIA CORP is in the Electronic Compo-Semicon business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth +41% (average). Ticker symbol: NVDA US.
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 280.79 (+13.4%) has been reached. Based on NVIDIA CORP’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 226.56 (last price at 247.66), which is equivalent to a -8.5% decline.
You might also like: Score 8 (out of 10): APPLE indicates to return +11.9 rally in 3 months
For more investment insights, please visit us at www.LongShortBets.com