VantagePoint Hot Stocks Outlook for the Week of October 19th, 2018
Hot Stocks Outlook for the Week of October 19th, 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 Home Depot ($HD), Cintas ($CTAS), JetBlue Airways ($JBLU), D.R. Horton ($DHI), and Pulte Homes ($PHM).
This Week’s Hot Stocks Outlook
Home Depot ($HD)
Hone Depot ($HD) 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 17 trading days, $HD was down 11.38% or $23.78 per share.
Cintas ($CTAS) 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 24 trading days, $CTAS was down 13.10% or $28.07 per share.
JetBlue Airways ($JBLU)
JetBlue Airways ($JBLU) is the same. You can see that blue line crossed below the black line in late-September, which was a clear indication that a bearish trend was beginning. In 14 trading days, $JBLU was down 14.15% or $2.78 per share.
D.R. Horton ($DHI)
D.R. Horton ($DHI) follows like the others. That market had a bearish crossover in late-August. 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 34 trading days, D.R. Horton was down 16.04% or $7.21 per share.
Pulte Homes ($PHM)
Pulte Homes ($PHM) 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 late-August. In 35 trading days, Pulte Homes was down 19.35% or $5.48 per share and there are no signs of slowing down.
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