Hot Stocks Outlook for the Week of February 23rd, 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 Wolverine World Wide ($WWW), PepsiCo ($PEP), Cooper Tire and Rubber ($CTB), and Chevron ($CVX).
This Week’s Hot Stocks Outlook
Wolverine World Wide ($WWW) 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 of $WWW, the market was down 10.88% in 14 trading days or $3.60 per share.
PepsiCo ($PEP) had a bearish crossover in late-January as well. When the blue line crossed below the black line, that’s when traders new the trend was changing and those traders who were long in this market knew to take some profits. Despite some sideways movement early on, the lines never crossed again so traders knew that downtrend wasn’t over yet. Since that crossover, the market was down 10.66% in 16 trading days or $12.89 per share.
Cooper Tire and Rubber ($CTB) follows the same general principle. It had a bearish crossover in late-January. This was a clear indicator for traders to begin taking short positions. The Neural Index also supported that move. In 18 trading days, $CTB was down 17.12% or $6.75 per share. This is a really dangerous market to be long in, and traders using VantagePoint knew this.
Chevron ($CVX) has really taken a big hit. 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 20 trading days ago, the market was down almost 18% or $23.00 per share.