Hot Stocks Outlook for the Week of January 15th, 2017
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 video, we analyze forecasts for Caterpillar ($CAT), Commercial Metals ($CMC), U.S. Steel ($X), Nucor ($NUE), and Alcoa Inc. ($AA).
This Week’s Hot Stocks Outlook
Caterpillar ($CAT) had a predictive moving average crossover to the upside in mid-November indicating a bullish trend. When that blue line crossed above the black line, VantagePoint users knew they could start taking long positions in this market. Since VantagePoint predicted that crossover to the upside, the market was up over 20% in 33 trading days or $28.13 per share.
Commercial Metals ($CMC)
Commercial Metals ($CMC) also had a crossover to the upside in late-November. This crossover indicated to traders that a bullish trend was starting. The Neural Index also moved into the “one” position confirming that market strength. Because of the VantagePoint indicators, traders knew they could begin taking long positions in this market. In 30 trading days, the market was up over 34% or almost $6.52 per share.
U.S. Steel ($X)
U.S. Steel ($X) had a bullish crossover in late-November. This was a clear indicator for traders to begin going long. In 31 trading days, the market was up almost 37% or almost $10.52 per share. That is substantial profits in a market whose share price isn’t that expensive!
Nucor ($NUE) followed the same pattern. It had a crossover to the upside and traders knew right away that the bullish trend was starting. VantagePoint makes it simple- traders knew this when the blue line crossed above the black line. The Neural Index also moved to a “one” position confirming that short-term strength. In 10 trading days, the market was up by 7.41% or $4.76 per share.
Alcoa, Inc. ($AA)
Alcoa, Inc. ($AA) also had a crossover to the upside in early-December. Despite a period of sideways movement early on, that blue line never crossed below the black line. This told traders that the bullish trend would continue. Since that crossover of the blue line 11 trading days ago, the market was up almost 14% or $6.69 per share.
About the Hot Stocks Outlook
The Hot Stocks Outlook is a weekly video series. It’s designed to show traders how improving their timing is the key to maximizing gains and minimizing losses. VantagePoint Trading Software identifies trend reversals with up to 86% accuracy, helping traders get into the right side of trades at just the right time.