ISM based sector analysis + Trade Setup + Hedge Market risk
The latest ISM report concludes that Furniture Products is one of the fastest growing sectors last month in the USA.
Spread Trade Analysis:
ETH has strong valuation, growth forecasts and a long term uptrend to support technical movement.
SCSS has weak valuations, extremely low growth outlook for next quarter and terrible analyst forecasts.
Both stocks are currently at the opposite ends of their trend swings. Negative correlation could cause a near-perfect spread trade setup, Long ETH, Short SCSS therefore hedging market and sector risk. Execute at your own discretion.
Spread Trade Analysis:
ETH has strong valuation, growth forecasts and a long term uptrend to support technical movement.
SCSS has weak valuations, extremely low growth outlook for next quarter and terrible analyst forecasts.
Both stocks are currently at the opposite ends of their trend swings. Negative correlation could cause a near-perfect spread trade setup, Long ETH, Short SCSS therefore hedging market and sector risk. Execute at your own discretion.