Identifying Reversals Using Leveraged ETFs
Trade signatures offer valuable insights into institutional positioning and intent.
Institutions follow certain patterns when opening and closing leveraged trades.
Institutional behavior on certain dates is predictable.
Last Wednesday, Peloton Interactive Inc (NASDAQ: PTON) posted a wider-than-expected loss and quarterly drop in subscribers greatly due to Bike recall that costed the fitness company more. Shares plunged 22% in response.
Uber reported excellent fourth-quarter results, with earnings per share of $0.29.
The company's gross bookings surged to $37.6 billion, a 22% increase from the previous year.
Uber's stock risen by 12% so far for 2024.