🚀 Today's Big Ideas: SP500 (+5%), Apple (+5.8%), Grayscale Bitcoin (+33.2%)
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TODAY’s Big Ideas:
SPDR S&P 500 ETF TRUST sets up for +5% rally in 3 months
APPLE INC sets up for +5.8% rally in 1 month
GRAYSCALE BITCOIN TRUST BTC poised to seasonally rally by +33.2% in April
For more investment insights, please visit us at www.LongShortBets.com
Our view that last week might have been the low for equity markets (and crypto) seems to play out. Get real time alerts per email:
(1) Score 8.2 (out of 10): SPDR S&P 500 ETF TRUST sets up for +5% rally in 3 months
What’s Going On Here?
As we mentioned two weeks ago, the market might have fully priced in the Fed rates hikes as well as the repercussions of the Ukraine conflict. This seems to have been a key driver of equity returns now.
Why Now?
SPDR S&P 500 ETF TRUST has triggered a new high volatility signal (3 month). During similar occasions, SPDR S&P 500 ETF TRUST shares had a median return of +5%, over the following 3 months – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for SPDR S&P 500 ETF TRUST received a high score of 8.2 (out of 10). This insight was generated on 2022-March- 24 with last price of 452.21.
What’s This ETF About?
SPDR S&P 500 ETF TRUST is in the Growth&Income-Large Cap business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: SPY US.
What’s My Risk / Reward and Time Horizon?
We found 3 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 473 (+5%) has been reached. Based on SPDR S&P 500 ETF TRUST’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 436.79 (last price at 450.49), which is equivalent to a -3% decline.
(2) Score 9.3 (out of 10): APPLE INC sets up for +5.8% rally in 1 month
What’s Going On Here?
An Apple Insider has confirmed New iPhone 14 Pro Design Shock. Analysts see +10% upside from current levels.
Why Now?
APPLE INC has triggered a new price range signal. During similar occasions, APPLE INC shares had a median return of +5.8%, over the following 1 month – based on 10 historical occasions with 10 of those showing positive returns (100%). This buy signal for APPLE INC received a high score of 9.3 (out of 10). This insight was generated on 2022-March-24 with last price of 174.07.
What’s This Company About?
APPLE INC is in the Computers 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 +10% (average). Ticker symbol: AAPL 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 184.2 (+5.8%) has been reached. Based on APPLE INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 167.07 (last price at 174.07), which is equivalent to a -4% decline.
You might also like: Score 9 (out of 10): HEALTH CARE ETF poised to seasonally rally by +4.1% during the next 90 days.
(3) Score 9.1 (out of 10): GRAYSCALE BITCOIN TRUST BTC poised to seasonally rally by +33.2% during the month of April
What’s Going On Here?
Since President Biden signed the Executive Order, Bitcoin has performed well and the cryptocurrency in now trading about various moving averages which tends to be a positive sign.
Why Now?
GRAYSCALE BITCOIN TRUST BTC indicates an interesting seasonal (monthly for April) set up. During similar occasions, GRAYSCALE BITCOIN TRUST BTC shares had a median return of +33.2%, over the following 1 month – based on 6 historical occasions with 5 of those showing positive returns (83%). This buy signal for GRAYSCALE BITCOIN TRUST BTC received a high score of 9.1 (out of 10). This insight was generated with last price of 32.05.
What’s This Company About?
GRAYSCALE BITCOIN TRUST BTC is in the Closed-end Funds business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: GBTC 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 42.69 (+33.2%) has been reached. Based on GRAYSCALE BITCOIN TRUST BTC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 29.25 (last price at 32.05), which is equivalent to a -8.7% decline.
For more investment insights, please visit us at www.LongShortBets.com