The Hot Stocks Outlook uses VantagePoint’s market forecasts that are up to 86% accurate to demonstrate how traders can improve their timing and direction. In this week’s video, we analyze forecasts for Adobe ($ADBE), NetEase ($NTES), Netflix ($NFLX), Exxon Mobil ($XOM), Transocean ($RIG) and Goldcorp ($GG).
This Week’s Hot Stocks Outlook
Adobe ($ADBE) saw a bullish crossover in early January when prices were around $104.50. Steady growth through the rest of the month was only shortly stalled when VantagePoint’s neural index was in the “zero” position for a few days as the calendar flipped to February. A crossover never occurred and the stock has continued to climb as prices now approach $116.50. That’s $10.17 in growth in just 23 trading days.
NetEase ($NTES) saw a bullish crossover just before Christmas that was immediately challenged by six straight days of short term weakness. VantagePoint never indicated a new crossover and the stock was able to rally in early 2017 for a 20.81% profit. That’s a 45.72 gain from $220 up to $265 in just 24 trading days.
Netflix ($NFLX) comes in with one of the longest trends we’ve featured on the Hot Stocks Outlook. The last crossover occurred in late November 2016 with prices around $120. The market has been very volatile throughout the 48 trading days but has remained in an overall bullish trend that has gained nearly 25% and more than $27 in price.
We noted Exxon Mobil’s ($XOM) struggles in 2017 last week. That trend continued this week as prices fell below $82. That’s a 10% loss over the past 31 trading says since the bearish crossover occurred in late December.
Transocean ($RIG) shows similar trends to $XOM’s struggles. A bearish crossover occurred last month. With a single exception, the VantagePoint neural index has been in the “zero” position the duration of the trend. The 15-day trend has seen prices drop 13.6% and a significant separation between the blue and black lines makes it seem likely the trend will continue into the beginning of next week.
Goldcorp ($GG) is back again this week as we see its trend continue to push higher. The bullish crossover occurred 29 trading days ago now, and gains are above 32% in that time. What was once trading under $13 is now seeing prices approach $17.
About the Hot Stocks Outlook
The Hot Stocks Outlook is a weekly video series. Its design is to show traders how improving their timing is the key to maximizing gains and minimizing losses. VantagePoint Trading Software identifies trend reversals with unmatched accuracy, helping traders get into the right side of trades at the right time.