Hot Stocks Outlook for the Week of December 7th, 2018
VantagePoint Software reviews five fresh stocks each week. 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 VantagePoint review video, we analyze forecasts for U.S. Steel ($X), Equity Commonwealth ($EQC), General Mills ($GIS), Express ($EXPR), and Callaway Golf ($ELY).
This Week’s Hot Stocks Outlook
U.S. Steel ($X) had a predictive moving average crossover to the downside in mid-November indicating a bearish trend. As soon as the blue line crossed below the black line, Vantagepoint Power Traders knew they should start taking long positions in this market because the trend was moving lower. In 14 trading days, $X was down 18.64% or $5.18 per share.
Equity Commonwealth ($EQC) had a crossover to the upside in late-October when that blue line made the cross above the black line. The neural index also reflected that short-term strength from red to green. Since that bullish crossover 32 trading days ago, $EQC was up 8.04% or $2.36 per share.
General Mills ($GIS) is the same as $X. You can see that blue line crossed below the black line in mid-November, which was a clear indication that a bearish trend was beginning. Each evening, Vantagepoint traders review the end of day data in just minutes and set their positions for the next day. In 10 trading days, $GIS was down 10.24% or $4.60 per share.
Express ($EXPR) is another downer in this week’s Hot Stocks Outlook. The market had a crossover when that blue line crossed below the black line starting in mid-November. In 14 trading days, Express was down nearly $3.00 per share. Shorting this particular market proved profitable for traders using Vantagepoint.
Callaway Golf ($ELY) continues the bearish trend we saw last week. That market had a bearish crossover in early-November. Traders knew, with confidence, that they could begin shorting this market when that crossover of the blue line below the black line. We also received double confirmation when the neural index turned red and confirmed that short term weakness. In just the last week, $ELY moved down an additional 12.41% or $2.37 per share.