DailyPlay – Opening Trade (DHI) – September 19, 2024
DHI Bullish Opening Trade Signal Investment Rationale...
Read MoreAs markets await the CPI print tomorrow morning, sentiment has been mixed after a strong effort on Monday to reverse Friday’s losses. However, as economic slowdown in Asia weighs on investors, the risks are still skewed to the downside. The CPI print tomorrow could be a catalyst for a 50bps rate cut if inflation comes in cooler than expected and may provide a short term boost to bullish optimism.
Bearish Credit Spread – ETN is continuing to pull back from recent highs and our next bearish target is at around $270.
Bearish Credit Spread – Recently made a lower high as MAR is trading lower, from where it is continuing the downtrend, with the next target at $210.
Bullish Debit Spread – With support holding at $69 – $70, we expect to see a continuation of the uptrend with the first upside target at $74.
DHI Bullish Opening Trade Signal Investment Rationale...
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