Hot Stocks Outlook for the Week of November 2nd, 2018
VantagePoint Software reviews five fresh stocks each week. 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 VantagePoint review video, we analyze forecasts for Constellation Brands ($STZ), CBOE Holdings ($CBOE), FMC Technologies ($FTI), Taiwan Semiconductor Manufacturing ($TSM), and Palo Alto Networks ($PANW).
This Week’s Hot Stocks Outlook
Constellation Brands ($STZ)
Constellation Brands ($STZ) had a predictive moving average crossover to the downside in late-October indicating a bearish trend. As soon as the blue line crossed below the black line, VantagePoint Power Traders knew they should start taking short positions in this market because the trend was bearish. In 8 trading days, $STZ was down 11.58% or $26.09 per share.
CBOE Holdings ($CBOE)
CBOE Holdings ($CBOE) follows the same idea, but to the upside. The market had a crossover to the upside in early-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 bearish crossover 17 trading days ago, $CBOE was up 14.33% or $14.15 per share.
FMC Technologies ($FTI)
FMC Technologies ($FTI) is the same but to the downside. You can see that blue line crossed below the black line in early-October, which was a clear indication that a bearish trend was beginning. In 20 trading days, $FTI was down 15.57% or $4.85 per share.
Taiwan Semiconductor Manufacturing ($TSM)
Taiwan Semiconductor Manufacturing ($TSM) follows like the others. That market had a bearish crossover in early-October. 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 19 trading days, TSM was down 18.06% or $7.95 per share.
Palo Alto Networks ($PANW)
Palo Alto Networks ($PANW) is another downer. The market had a bearish trend that began when that blue line crossed below the black line starting in mid-September. In 30 trading days, Palo Alto Networks was down 20.86% or $48.24 per share.
