🚀 Today's Big Ideas: Nasdaq (QQQ) (+4.5%), TJX (+9.5%)
Hedge Fund Quality Insights accessible at EVERYONE's fingertips.
Last week’s trading insights:
Monolithic Power Systems (+14.3%) → return over the last week: -2.2% (view wrong)
Paypal (+5.4%) → return over the last week: +0.8% (view correct)
Broadridge Financial +10.9%) → return over the last week: -1.7% (view wrong)
Insights for the following weeks:
The Volatility Index (VIX) has made a new post-COVID low and short-covering in SP500 futures has started, this will lift equity prices higher. Fed Chair Powell tried to throw some sand into the stock market wheels that will likely grind higher over the summer. The economy is rebounding, US housing data will likely be strong this coming week.
What else are we reading?
Fifteen 5-star reviews on Amazon 💥💥💥
Crypto Titans: How trillions were made and billions lost in the cryptocurrency markets https://amzn.to/3LZ6E6J
Discount only applies for the next 3 days !!!
Here are the new LongShortBets signals:
(1) Score 9.4 (out of 10): INVESCO QQQ TRUST poised to seasonally rally by +4.5% during the next 30 days
What’s Going On Here?
INVESCO QQQ TRUST indicates an interesting 30 days seasonal set up. During similar occasions, INVESCO QQQ TRUST shares had a median return of +4.5% – based on 9 historical occasions with 9 of those showing positive returns (100%). This buy signal for INVESCO QQQ TRUST received a high score of 9.4 (out of 10). This insight was generated with last price of 362.54.
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 Very Risky. Ticker symbol: QQQ US.
What’s the track record of this Signal?
5.1% (July-2022), 5.6% (July-2021), 8.5% (July-2020), 3.7% (July-2019), 4.3% (July-2018), 2.9% (July-2017), 5.8% (July-2016), 1.5% (July-2015), 4.7% (July-2014)
What’s My Risk / Reward and Time Horizon?
We found 30 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 378.92 (+4.5%) 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 355.34 (last price at 362.54), which is equivalent to a -2% decline.
Historical Chart:
What are you reading over the summer?
Crypto Titans: How trillions were made and billions lost in the cryptocurrency markets → Amazon
(2) Score 9.1 (out of 10): TJX COMPANIES poised to seasonally rally by +9.5% during the next 90 days
What’s Going On Here?
TJX COMPANIES indicates an interesting 90 days seasonal set up. During similar occasions, TJX COMPANIES shares had a median return of +9.5% – based on 9 historical occasions with 8 of those showing positive returns (89%). This buy signal for TJX COMPANIES received a high score of 9.1 (out of 10). This insight was generated with last price of 82.06.
What’s This Company About?
TJX COMPANIES is in the Retail-Major Dept Store business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. Ticker symbol: TJX US.
What’s the track record of this Signal?
12.7% (July-2022), 9.3% (July-2021), 9.8% (July-2020), 7.4% (July-2019), 14.7% (July-2018), 6.4% (July-2017), -2.6% (July-2016), 9.7% (July-2015), 9.7% (July-2014)
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 89.82 (+9.5%) has been reached. Based on TJX COMPANIES’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 80.46 (last price at 82.06), which is equivalent to a -1.9% decline.
Historical Chart:
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