DailyPlay – Opening Trade (DHI) – September 18, 2024
DHI Bullish Opening Trade Signal Investment Rationale...
Read MoreEquity markets have shrugged off the CPI print and pricing in a 25bps cut in Sept, cementing a soft landing view of the economy. Technology has led the markets higher as OpenAI leads another equity round, valuing the company at over $150bn. This suggests that the AI race will continue to dominate equity flow for the foreseeable future as tech firms chase each other for AI dominance.
Bullish Credit Spread – ADBE made some gains yesterday and is currently trading above a key area of support of $580, indicating that further upside is likely.
Bearish Credit Spread – With resistance at $300 holding, ETN remains setup for bearish momentum with $275 as the first target.
Bearish Credit Spread – As MAR continue to trade lower off a recent high, we expect to see further downside with $215 being the first target.
Bullish Debit Spread – Support is holding above $68 and a continuation of the uptrend remain likely.
DHI Bullish Opening Trade Signal Investment Rationale...
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