Hot Stocks Outlook for the Week of November 15, 2019
The Hot Stocks Outlook uses VantagePoint’s market forecasts that are up to 86% accurate, demonstrating how traders can improve their timing and direction. In this week’s video, VantagePoint Software reviews forecasts for AMD (AMD), Apple (AAPL) Palo Alto Networks (PANW), Etsy (ETSY) and Ironwood Pharmaceuticals (IRWD)
This Week’s Hot Stocks Outlook
Hello traders and welcome back to The Hot Stocks Outlook for November 15th, 2019. I hope you all are having an excellent week out in the financial markets. There is always plenty to cover in this week’s outlook. So we’re going to go ahead and we’ve got a lot of tech stocks. We’ll look at AMD, Apple, Palo Alto Networks. We’ve also got Etsy and Ironwood Pharmaceuticals.
So we’ve seen just a very bullish run, really great opportunities. Also just all throughout the S&P but also in the pharmaceutical healthcare space. But let’s go ahead and start here looking at AMD. What we have here are daily bars and candles, right? So each one of these candles you see represents a full and complete trading day. All of these forecasts work off of the end of day data and right up against the price there you see there is a black line and also a blue line right on the chart.
Now, the black line is a regular or what we call the actual simple moving average. It’s a very common technical indicator. It just takes the past 10 or so close prices, adds them all together and then divides by that number. So it’s a rolling number moving forward, but it really is a lagging indicator because it only looks at shares of AMD and it really only looks at past price data, which gives you no edge in the market whatsoever. So what we want to do is compare that value to this blue line that you see against the chart. Now for this value to be generated, VantagePoint is performing a type of analysis called Intermarket analysis and it’s utilizing the technology of neural networks to do that. So when you’re forecasting future prices of AMD, we know that shares of AMD are affected by other ETFs. So like the technology ETF, other related stocks, things like Intel or similar companies.
Things like the S&P 500, the NASDAQ, the dollar index, interest rates. So other markets are known to drive influence and share very important relationships with the target market that we’re forecasting for. What VantagePoint is able to do is actually generate future predicted prices. Those prices are built into the value of these indicators turning what was a lagging indicator that’s going to give you a good idea of where the market has been into a forward-looking indicator saying, “Okay, well, where are prices expected to move forward?” This really helps us identify trend reversals early in the market. So at this early point in October, we sell just stocks all over the market. When we actually ran our IntelliScan, we’re seeing these fresh crossovers come through and it says, look, there’s a lot of strength in a lot of different areas of the market.
We see shares of AMD, you get this crossover in October, but blue line saying that average prices are expected to move higher than where they’ve previously been, so the overall trend is up. Now, in addition to that predicted moving average being guided by those future prices, there’s also a couple of other indicators on the chart. Now, at the very bottom, you see this indicator, it goes from a green to a red. This will also change every single day. This is an extremely accurate indicator, but it’s only looking ahead two at a time, right? So very, very short term strength or weakness in the marketplace. To round out the forecast, you’re also given an intraday level. So an intraday predicted high and low. These come in at 6:00 PM in the evening. You’ve got them well ahead of the next trading day where the market’s open at 9:30 in the case of stocks.
So what we have here is a very clear indication that says, look, stocks are moving higher. If you want to trade AMD, you can use these tools as a roadmap, letting you know that, okay, well, how are these predicted highs and lows coming in each and every day, right? You see that they’re going to keep adjusting and moving forward, right? They’re going to be also derived via those neural network processes, but letting you know, hey look, where’s a good intraday to be a buyer in this overall uptrend? One of the really helpful things about this tool is that when you have a game plan and you say, “Okay, well look, the trend is up. I want to go ahead and belong, the combination of these tools work really well.” So you see that your neural index will at times go down to this red configuration. How I like to look at this is you’re likely going to have some weakness in the market. So you’re likely to trade a little bit below the predicted average that you’re given and certainly look towards those values like the VantagePoint predicted low, right?
So you’ve got an intraday level where you should expect prices to move to and you see that these offers really great levels to be adding to your position. The trend is still up here, but you see, okay, well, you may run sideways a little bit. You may move towards those predicted lows, but very clearly the overall trend is still up. The last thing you want to be doing is finding ways to jump out of a given trend here while the S&P is moving higher each and every day. So when we run this scan maybe a couple of weeks from now, maybe a few days from now, we’re going to see when the market starts to turn. But so far things have been pretty much straight up and there’s a 30% rally here in shares of AMD that not only do you have a chance to get involved in that overall trend, but multiple shorter-term day trades here buying at those predicted low levels. So you take this same approach and you apply it to any market you want to trade. So get a target and say, “Okay, well, here’s the market that we’re trading. How is VantagePoint going to go ahead and guide me as I want to trade this market moving forward?”
So shares of Apple, you see very clearly here, this whole October period, the first two weeks of October, just constantly crossover is moving to the upside, all different sectors of the market and like that S&P chart we looked at last week, things just screaming at you. You don’t want to be short here, right? There are very bullish conditions coming through. So again, we can use the help of those predicted high and lows. You see that we get a little bit of volatility early here, but the overall trend very clearly the upside. You only want to be buying the market, taking profits on long positions. You see just how many of these levels come in.
You see as you get further into trend volatility is going to expand, but look at all these levels where if you can deal with the volatility over a couple of days and understand that the market is going to trade on the bullish and bearish side of a predicted moving average, well, just another really fantastic move, and again, multiple opportunities in this uptrend. Another thing to look for is you know that distance and separation between the blue line and the black line, right? When you have the predicted moving average well above the actual moving average, that’s a strong trend and we’ve seen very clearly we’re not seeing a lot of crossovers to the downside. Most of the markets are up and when you run these scans, there’s actually not a lot coming through as far as fresh one day old crosses because they all have come through at the beginning of October. So you had this huge warning sign saying look, if you want to go ahead and get long, look towards the healthcare, biotech, obviously technology here doing very well.
Here’s Palo Alto Networks. You see very similar sort of move to Apple where you get these crossovers to the upside, little volatility here in the early goings, but you’re just trading around that predicted moving average and just a spectacular move. Now again, what I really love about the neural index here is remember it’s only looking ahead 48 hours at a time, right? So it’s every single 48 hours it’s looking ahead another 48 hours. You see what happens here is you get that sideways movement in the trend, but that’s where a lot of traders get tripped up, is there’s a little bit of weakness. Things aren’t moving as quickly as they’d like. They don’t understand that look, the bigger trend is up.
Sure you’ll have these periods where the market runs sideways, but when you have those intraday levels that say, okay, well, look towards these levels to scoop up more shares. If you’re a shorter-term trader intraday, those are exceptional levels to get involved. You see within a couple of days market moving up towards the predicted highs, breaking out higher and creating a lot of profitable opportunities all through, we’ve had now a month and a half of very bullish markets in almost any sector you look at. Now you’ve actually seen weakness in you know, rates, real estate, high-yielding, things like utilities. Very clearly you don’t want to belong there and you can focus on these other areas. So you see Palo up 16% just in the past 30 trading days, so about a month and a half so far. Always like to bring in where’s weakness forecasted?
Again, we talk about utilities, rates, pretty common when the markets are a risk on that, those things will underperform. Well, here’s Etsy here very clearly saying this is not a place that you want to belong to. If anything, maybe even hedge your portfolio. Look to take a short. You see how accurate these forecasts are, right? This neural index comes up to a green configuration. You get a little bit of bullishness there, but that bullishness just leading right into those predicted levels and you see one of these levels hit here. We continue lower. Another level hit here after this big move lower. It’s actually one of the things that I really appreciate about the software is when you get things like earnings or high volatility coming into the market, the software does a really great job of the very next day saying, okay, get back on track and understand how you want to go ahead and manage the trading opportunity moving forward.
So I always, of course, want to trade in line with the overall trend and we see here now this market’s off 30% in just the past 15 trading days. So what are we, three weeks time from where those predicted highs got hit? Very clearly you’re not getting a crossover between this neural index and you to see that you’re a predicted moving average rather, you see that once that neural index flips down to a zero, well, short term and trend are really working to the bearish side here and things really start to accelerate to the downside here.
We brought in a lot of pharmaceutical stocks. Again, this first week of October, very clear that pharmaceutical healthcare doing very well. Here in Ironwood, you see we have this crossover to the upside. Neural index up at a one and then you see again just the neural index goes down to zero.
You get some of this sideways action, a little bit of price moving below the predicted moving average, right? We expect to trade above and below an average, but the overall very strong trend to the upside again, with so many other stocks here. Again the S&P just moving higher and saying look, until we get more indications of weakness, so running our scan and seeing a lot of things actually come through that as far as fresh crosses to the downside, you want to hold onto these positions. Trail your stops. You’ve had multiple opportunities to take profit along the way.
Another market here up 32% in just really the past month and a half. So just about anywhere you look, really fantastic opportunities. Whether you want to trade the more popular stuff, AMD, Apple, or even some of these smaller things, short Etsy, some of these pharmaceutical stocks, tremendous opportunities and huge percentage gains all over the marketplace. Very clearly that this is a great opportunity to go ahead and belong over the past month.
So once again, this has been our Hot Stocks Outlook for November 15th, 2019. Thank you all for watching. Best of luck and bye for now.