ETF To Buy Based on Pattern Recognition: Returns up to 15.77% in 3 Days
ETF To Buy
This ETF to buy forecast is part of the ETFs Package, as one of I Know First’s quantitative investment solutions. We determine the top ETFs by screening our database daily using our advanced algorithm. The full ETFs Package includes a daily forecast for a total of 20 ETFs with bullish and bearish signals:
- Top 10 ETFs for the long position
- Top 10 ETFs for the short position
Package Name: ETFs Forecast
Recommended Positions: Long
Forecast Length: 3 Days (7/3/2020 – 7/8/2020)
I Know First Average: 4.61%
9 out of 10 stock prices in this forecast for the ETFs Forecast Package moved as predicted by the algorithm. The top performing prediction from this package was NUGT with a return of 15.77%. The suggested trades for TQQQ and GDXJ also had notable 3 Days yields of 9.29% and 8.94%, respectively. The package itself saw an overall return of 4.61%, providing investors with a 3.33% premium above the S&P 500’s return of 1.28% for the same time period.
The investment fund, (NUGT), seeks daily investment results, before fees and expenses, of 300% of the performance of the NYSE Arca Gold Miners Index.
Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First subscribers.
How to interpret this diagram
Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.
Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.
