Score 7.6 (out of 10): NASDAQ poised to rally +3.7% rally in 1 month


What’s Going On Here?

Traders continued to price in future pain as advertised by Fed Chair Powell last Friday. The major indexes extended losses as the Dow was off 0.96%, the S&P 500 dropped 1.10%, the Nasdaq Composite declined 1.12%.

Why Now?

NASDAQ has reached a new shorter-term low. Previously, during similar occasions, NASDAQ shares had a median return of +3.7%, over the following 1 month based on 10 historical occasions with 8 of those showing positive returns (80% hit ratio). This buy signal for NASDAQ received a high score of 7.6 (out of 10). This insight was generated on 2022-August-31 with last price of 59.53.

What’s This Token About?

NASDAQ is in the Finance- Other Services business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: NDAQ 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 61.71 (+3.7%) has been reached. Based on NASDAQ’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 57.93 (last price at 59.53), which is equivalent to a -2.7% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

3.7% (February-2022), 3.6% (November-2021), 8.4% (September-2021), 11.6% (March-2021), -1.1% (September-2020), -7% (February-2020), 3.7% (October-2019), 3.6% (July-2019), 7.4% (May-2019), 3.8% (March-2019).

Historical Chart:


Star (1 to 10)7.6
Time1 month
Hit Rate80%


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