Just a few weeks ago, we highlighted an opportunity in the ProShares UltraShort Dow 30 (DXD), as a way to hedge for potential downside in the Dow Jones Industrial Average. Since then, the DXD stock ran from about $38.45 to $40.89, as the DJIA fell from 35,585.99 to a recent low of 34,288.83. Unless the DJIA can hold 34,288.83, it could potentially slip to is next line of support around 33,706.92, creating even more opportunity for DXD. 

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At the same time, we are finding long-side opportunities, too.

Look at Take-Two Interactive (TTWO), which we’ve mentioned before.

And we still like it.  Especially as it starts to pivot higher solid support, and from over-extensions on RSI, MACD, and Williams’ %R. From a current price of $140.48, we’d like to see TTWO again challenge $152.50. Helping, Barclays analysts just raised their price target on TTWO from $160 to $161 a share. Credit Suisse also just raised its target price to $147 from $128.

In addition, the company noted in May that it expects to see net bookings in fiscal 2025 of $8 billion.  That’s well ahead of expectations for $5.28 billion and could be a sign that we may be nearing the release of Grand Theft Auto VI.  Also, according to CEO Strauss Zelnick, those numbers reflect a “powerful, powerful release schedule.”


Ian Cooper