Hot Stocks Outlook for the Week of February 16th, 2018
The Hot Stocks Outlook uses VantagePoint market forecasts that are up to 86% accurate to demonstrate how traders can improve their timing and direction. In this week’s video, we analyze forecasts for Corning ($GLW), XL Capital ($XL), Hess ($HES), Mylan ($MYL), and Pulte Homes ($PHM).
This Week’s Hot Stocks Outlook
Corning ($GLW) had a predictive moving average crossover to the downside in late-January indicating a bearish trend. When that blue line crossed below the black line, VantagePoint users knew they should start taking short positions in this market. The Neural Index also supported that move to the downside. Since VantagePoint predicted that bearish move, the market was down 14% in 14 trading days or $4.85 per share.
XL Capital ($XL) had a bullish crossover in mid-January. When the blue line crossed above the black line, that’s when traders new the trend was changing. Despite some sideways movement early on, the lines never crossed again so traders knew that uptrend wasn’t over yet. Since that crossover, the market was up 19% in 23 trading days, or $8.45 per share.
Hess ($HES) follows the same general principle. It had a bearish crossover in early-January. This was a clear indicator for traders to begin taking short positions. The Neural Index also supported that move. In 17 trading days, $HES was down 16% or $8.61 per share.
The same thing happened with Mylan. That market had a crossover to the downside in mid-January. Traders knew they could begin shorting the market. Since that crossover of the blue line 15 trading days ago, the market was down 11% or $5.14 per share. But look where that blue and black line are currently sitting. Traders need to watch for a trend reversal in the coming days where that blue line will intersect with the black line.
Pulte Homes ($PHM) is no stranger to the Hot Stocks Outlook. VantagePoint predicted that crossover to the downside in late-January. The neural index also supported that decision. In 14 trading days, this market was down 15% or $5.05 per share.