Hot Stocks Outlook for the Week of March 30th, 2018
The Hot Stocks Outlook uses VantagePoint market forecasts that are up to 87.4% accurate to demonstrate how traders can improve their timing and direction. In this week’s video, we analyze forecasts for AK Steel ($AKS), American Electric Power ($AEP), Allegheny Technologies ($ATI), AMD ($AMD), and Viacom ($VIAB).
This Week’s Hot Stocks Outlook
AK Steel ($AKS) had a predictive moving average crossover to the downside in early-March indicating a bearish trend. As soon as the 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 Software reviewed this bearish move of $AKS, the market was down 22.87% in 14 trading days or $1.27 per share.
American Electric Power ($AEP) had a crossover to the upside in early-March when that blue line made the cross above the black line. This is one of the few areas of the market where there has been support for market prices. Despite the volatility in the market, VantagePoint never wavered in the forecast, even during a period of consolidation. Since that crossover, the market was up almost 5% in 12 trading days or $3.04 per share. VantagePoint Software reviews the utilities sector constantly and indicated that traders needed to be going long, not short in this market.
Allegheny Technologies ($ATI) follows the same general principle, but on the inverse. It had a bearish crossover in mid-March. The Neural Index also supported that move down. In 9 trading days, $ATI was down 16.37% or $4.48 per share.
AMD ($AMD) follows the same idea. That market had a bearish crossover in mid-March, and then had quite a bit of sideways movement before moving lower. But traders knew they could begin shorting this market when the predictive indicators in VantagePoint indicated that crossover. Since that crossover of the blue line 13 trading days ago, the market was down almost 17% or $2.00 per share.
Lastly, we have Viacom ($VIAB) which is essentially the same as the previous 2 markets covered. When the blue line crossed below the black line, that’s when traders new the trend was over and to stop going long. It’s that simple! Since that crossover, the market was down over 8% in 14 trading days or $2.77 per share.