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Score 8.8 (out of 10): S&P 500 ETF sets up for +3.8% rally in 2 months
Score 9.1 (out of 10): TECH ETF to seasonally rally by +4.9% in Nov
Score 7.9 (out of 10): GRAYSCALE BITCOIN TRUST BTC sets up for +17.5% rally in 1 month
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(1) Score 8.8 (out of 10): SPDR S&P 500 ETF sets up for +3.8% rally in 2 months
What’s Going On Here?
The seasonal positive period is starting, based on our backtested results – coinciding with a potential dovish pivot by Fed members. Investors could soon be bargain hunting.
Why Now?
SPDR S&P 500 ETF TRUST has triggered a new price range signal. During similar occasions, SPDR S&P 500 ETF TRUST shares had a median return of +3.8%, over the following 2 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 8.8 (out of 10). This insight was generated on 2022-October-25 with last price of 384.92.
What’s This Company 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 Very Risky. Ticker symbol: SPY 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 399.41 (+3.8%) 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 372.02 (last price at 384.92), which is equivalent to a -3.4% decline.
Returns during similar periods:
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(2) Score 9.1 (out of 10): TECH ETF SPDR poised to seasonally rally by +4.9% during the month of Nov
What’s Going On Here?
Tech companies are releasing their earnings, which appear to be disappointing the analyst expectations. However, share buyback programs will restart soon, potentially supporting the shares.
Why Now?
TECHNOLOGY SELECT SECT SPDR indicates an interesting seasonal (monthly for November) set up. During similar occasions, TECHNOLOGY SELECT SECT SPDR shares had a median return of +4.9%, over the following 1 month – based on 9 historical occasions with 8 of those showing positive returns (89%). This buy signal for TECHNOLOGY SELECT SECT SPDR received a high score of 9.1 (out of 10). This insight was generated with last price of 128.47.
What’s This Company About?
TECHNOLOGY SELECT SECT SPDR is in the Sector Fund-Technology sector. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: XLK 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 134.75 (+4.9%) has been reached. Based on TECHNOLOGY SELECT SECT SPDR’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 123.57 (last price at 128.47), which is equivalent to a -3.8% decline.
Returns during similar periods:
You might also like: Score 7.6 (out of 10): Bitcoin sets up for +35.6% rally in 2 months
(3) Score 7.9 (out of 10): GRAYSCALE BITCOIN TRUST BTC sets up for +17.5% rally in 1 month
What’s Going On Here?
The Grayscale Bitcoin ETN is trading at a -34% discount to the Fund’s net-asset-value, theoretically allowing investors to buy Bitcoin at 13k – if the ETN ever converts to and ETF.
Why Now?
GRAYSCALE BITCOIN TRUST BTC has triggered a new price range signal. During similar occasions, GRAYSCALE BITCOIN TRUST BTC shares had a median return of +17.5%, over the following 1 month – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for GRAYSCALE BITCOIN TRUST BTC received a high score of 7.9 (out of 10). This insight was generated on 2022-October-25 with last price of 12.22.
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 Very 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 14.36 (+17.5%) 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 11.52 (last price at 12.22), which is equivalent to a -5.7% decline.
Returns during similar periods:
For more investment insights, please visit us at www.LongShortBets.com