Predictions for Friday, April 8th 2022

NOTE: If you wish to get our updates immediately on Wednesday as the market opens, make sure to fill out the prediction survey on Tuesday (and, if you haven’t already, leave your email WITHIN THE APP - click on the link to see how). We reward our participants with early indications of where the market will end up. Everyone else gets the results a day and a half later.

Thanks for following us, feel free to share to your friends:

Our weekly predictions are here, available exclusively to our subscribers (competition participants get it a day and a half earlier if they leave their email), for Friday, April 8th 2022 (4pm EST; at market close). Keep in mind that our accuracy is much better for low volatility assets, so interpret the predictions with caution. For an overview of our accuracy thus far, see here.

Our estimate for the Friday close for our 5 major indicators and 2 stocks this week is the following:

Overall, anticipating the markets finishing lower than their Tuesday values, with the VIX and the 10-year T-bill expected to end higher. The markets already ended lower than most targets yesterday (as a reaction to the Fed minutes), suggesting that we could see a slight rebound either today or tomorrow to reach closer to our predicted values. But overall, they are likely to keep lower.

For this quarter we will be focusing on our two main indices instead of just one. We are increasing our risk exposure and trading both SPY and DIA (the ETF that follows the Dow Jones Index). Our DJI predictions have been as good, and often even better, than our S&P predictions, so it makes sense to expose ourselves to this prediction as well. We will also be trading AAPL when the opportunity is good (when the condor spreads are not too tight).

This week, we traded 10 SPY 08/04 iron condors, 444/445 to 456/457, for $450 immediate gain. We also traded 10 DIA 08/04 iron condors, 341/342 to 347/348, for $350 immediate gain.

Finally, we traded 10 AAPL 08/04 iron condors, 167.5/170 to 177.5/180, for $580 immediate gain. Stop-losses are set at 30%.

Our estimated gains are $1,380 if we finish within the C.I.s for each of these, and our maximum losses are around $400-$500.

DISCLAIMER: This prediction survey is still in its testing phase. Neither the survey nor its results act as investment advice of any kind, nor should they be considered as such. The results of the survey need not correspond to actual market preferences or trends, so they should be interpreted with caution. Oraclum bears no responsibility for your investment choices based on these predictions.

Keep following us on Twitter to stay informed about the weekly survey each Tuesday.