VantagePoint Hot Stocks Outlook for the Week of October 12th, 2018
Hot Stocks Outlook for the Week of October 12th, 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 Goodyear Tire & Rubber ($GT), Brunswick ($BC), Barrick Gold ($ABX), Nike ($NKE), and Williams-Sonoma ($WSM).
This Week’s Hot Stocks Outlook
Goodyear Tire & Rubber ($GT)
Goodyear Tire & Rubber ($GT) had a predictive moving average crossover to the downside in late-September 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 9 trading days, $GT was down 11.75% or $2.77 per share.
Brunswick ($BC) follows the same idea. The market had a crossover to the downside in mid-September when that blue line made the cross below the black line. The neural index also reflected that short-term weakness from green to red. Since that bullish crossover, the market had a bit of sideways moved and then dropped. In 9 trading days, $BC was down 11.77% or $7.97 per share.
Barrick Gold ($ABX)
Barrick Gold ($ABX) had a great bull run and was reviewed last week in the VantagePoint Software Hot Stocks Outlook. You can see that blue line crossed above the black line in mid-September, which was a clear indication that a bearish trend was beginning. In 20 trading days, $ABX was up 14.45% or $1.45 per share.
Nike ($NKE) follows a similar pattern, but to the downside. That market had a bearish crossover in late-September. 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 9 trading days, Nike was down 11.63% or $9.85 per share.
Williams-Sonoma ($WSM) is also no stranger to the Hot Stocks Outlook. The market had a bearish trend that began when that blue line crossed below the black line starting in early-September. In 23 trading days, Williams-Sonoma was down 13.24% or $9.25 per share and there are no signs of slowing down.
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