Predictions for Friday, December 3rd 2021

NOTE: If you wish to get our updates immediately on Wednesday before the market opens, make sure to fill out the prediction survey on Tuesday (and leave your email within the app). 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.

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, December 3rd 2021 (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 this week is the following:

Keep in mind, these were all made on Tuesday when the market was once again in a decline, followed by a rebound yesterday and yet another Omicron-induced drop by the end of trading day. However, despite all this turmoil during the week, the BASON predicts that the markets will bounce back by Friday, ending up higher than their Tuesday’s open, except for oil which should end up lower.

To that end we bought 2 SPY 03/12 calls at 460 strike earlier on Wednesday (break-even after 464). These are currently in the red, but if the rebound happens as expected it should deliver between $600 and $1000.

We also bought the iron condor for the SPY 03/12, at 459/460 to 468/469, selling 10 contracts for an immediate $450 gain. We get to keep the $450 if the price remains within this narrow corridor upon expiry on Friday.

Again, there is an Omicron-induced threat that SPY might not rebound above 460, which would take us to a second consecutive weekly loss, but even if that happens, it will be yet another great case in point about BASON’s functionality.

The stock predictions were also quite bold, estimating AAPL at an all time high, and TSLA moving further up as well. GME and AMC plummeted yesterday, so it will be interesting to see where they might end up by Friday.

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.

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