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Vantagepoint Hot Stocks Outlook for the Week of May 24th, 2019

Forex stock trading

Hot Stocks Outlook for the Week of May 24th, 2019

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 Haliburton ($HAL), Gamestop ($GME), Home Depot ($HD), Kohl’s ($KSS) and Qualcomm ($QCOM).

 

This Week’s Hot Stocks Outlook

Good afternoon traders and welcome back to the Hot Stocks Outlook for May 24th, 2019. Hope you’re all having a great week in the financial markets, and as always a lot to cover. We’re going to start out here with Halliburton. We’ve got GameStop, Home Depot, Kohl’s, and also Qualcomm, so some energies here, a little bit of retail and also some tech, and some very important things going on. We’re gonna go ahead and touch on the energy space here with Halliburton, which we actually looked at this a few weeks ago and previously for several weeks as energy seems to be making a complete reversal here. What we have here in Halliburton shares are the daily price action. We can see going back really to the mid point of about April, where is really where we started to see a lot of market weakness come into some shares, but you want to be real selective in where you play that.

Haliburton ($HAL)

Now, here in Halliburton, against those daily bars, you see that there is a black line and also a blue line against the price data. What that black line that you see on the chart is, that is a regular or simple moving average, so a very common technical indicator, we refer to it as the actual simple moving average. What that is is a good barometer of where prices have been. But of course, as a trader, we need to know where prices are going to move next. What we want to compare that value to is this blue line that you see against the chart, and for that value to be generated, vantage point is performing a very sophisticated type of analysis called Intermarket analysis and using the technology of neural networks and artificial intelligence to do it. When forecasting the future price of Halliburton and energy stock, well, it’s looking at things like crude oil, it’s looking at ETF groups, it’s looking at individual stocks that share an important correlation to Halliburton. Also things like currencies.

This is very, very important to understand and get that valuable information from other markets to determine where are prices likely to move. Once that blue line crosses below the black line, it signals that the trend is likely to start moving lower, average prices are expected to move lower than actual prices or predicted average prices are expected to move lower than the actual prices, and therefore you’d want to go ahead and get short. But that’s not the end of the forecast here. We also have this extremely accurate 48 hour indicator where you see every day it updates, and it’ll be red here, you see you get a green day here, some green here. But what this is is just a simple short term strength or weakness in the market over the next 48 hours or really two trading days. And that can help you know when to expect some short term market weakness, but also a great time to re-add into a short position, in this case here in Halliburton.


And lastly, to really round out what we would refer to as really the vantage point forecast, really all of these tools working together, is you get a predicted high and a predicted low generated before each and every trading day. As long as that blue line remains, in this case below the black line, you’d want to be taking short positions and you’d want to look towards things like the predicted highs and target as you’re a very short term day trader, target the predicted lows. But as long as that blue line remains below the black line, the trend is still to the downside. What have we seen here? Not only stocks and equities, but the energy’s certainly accelerating to the downside. And so this is why week after week I’ve been coming in and saying, “Look, you gotta hedge your portfolio, take advantage of these big market relationships that are going to take hold of things like Halliburton or Chesapeake energy or all these things that we’ve looked at over the past few weeks.”

The market’s down over 21% or $6 and 66, little ominous sign there, dollars per share and things moving drastically lower here. I mean, easily, I mean a $30 stock, you buy a thousand shares, you’re up six, seven grand, even more than that, as things really accelerate to the downside and we’re seeing a lot of equity weakness. So again, through really the month of April and especially here in May, we see a lot of weakness in the marketplace and you want to find good places to go ahead and play that weakness.

Gamestop ($GME)

So again, through really the month of April and especially here in May, we see a lot of weakness in the marketplace and you want to find good places to go ahead and play that weakness. Well, here in shares of GameStop, you see the blue line handedly below that black line for the duration running all the way, really, a couple of months of time here. But it’s really about how these forecasts adapt and change moving forward with the help of those predicted levels. When I go ahead and bring up the predicted levels, what you’re looking at is what was the prediction compared to the actual market data.


Then we’ll have this candle will generate and you’ll see those predicted highs and lows remain where they’re at. And you can just see how accurate these forecasts are over the longterm to help traders understand that… Yeah, intraday. All right, well look towards these predicted high levels, expect a little bit of strength and a bounce here, but the trend is still very much to the downside and within a couple of days you see moving drastically lower. Again, great level over the few days there to get short, you want to get short at those predicted high levels ideally. Great level there, great level here, right here, right here, right here, right there and there. And just as this trend moves lower, you’ve got excellent entries to the downside. Again, as long as that blue line is still suggesting that look, average prices are below the actual moving average, the prediction using that future data from… That’s generated via those intermarket relationships is telling you it’s time to go ahead and get short.

The Home Depot ($HD)

Especially when we see these correlations take place of a lot of markets at the same time, like we saw with energies, and we’re seeing in a lot of shares of the equity markets, marker’s down 31%. I mean, so much opportunity not only to make that 32% decline there, but also intraday. Some great levels to add to your position strategically and really turn this into more than a 31% move. Moving forward to shares of Home Depot and some more of this retail space. Very clearly here, going into this month of May, not a good time to be long Home Depot. You see similar action on things like lows, and just these retailers in general. What’s happened is the trade talks and things have act as a catalyst, but you want to stick with these forecasts. I mean, looking back over all the different things that have happened in the market, these indicators are still upwards of 80% accurate in relation to the neural index, over 80% accurate, and that’s going to guide you forward as you look to make trading decisions in the market.


Just like every other opportunity here, what are we looking for? Well, you’re looking to use those predicted levels from the predicted highs and lows to really say, “Okay, well where should I be looking to actually take short positions so I can minimize my exposure to the market, but still get involved in an opportunity?” And again, as long as that blue line is remaining and also a thing that’s very helpful is looking at the spread and the separation, shows you the difference between that prediction of where average prices are expected to move and where they’ve been. The wider that level, the stronger the trend. Therefore you want to go ahead and, again, adjust that position as the market trades forward. Really nice opportunities to, again, trail stops with this volatility coming in, things are moving lower and lower. You’re seeing a lot of more volatility in the equity indexes and just down about 7% so far, but $14 per share and still moving lower. As you see that blue line still handedly below the black line.

Kohl’s  ($KSS)

Shares at Kohl’s here really getting smacked. I believe [inaudible 00:07:18] earnings and a catalyst here that really caused these things to jump off a cliff. But, going into the month, again, you see a lot of these retail stocks, just like the energies before them, showing that look, these things are starting to reverse, you don’t want to belong here. And if anything you can get great entries short the market and then deal with that volatility that’s gonna come through earnings and make a lot of money or you can get stopped out at break even should you just lock in your stops or trail them with the market.

But, it’s how you want to go ahead and minimize your risk and exposure to the market, and a great tool like vantage point is going to help you understand how things are changing day to day, so you can not necessarily just get short, let’s say 500 shares, maybe you want to be short a thousand shares at some time. Maybe you want to be short only a couple hundred when you get near a predicted low. That’s what’s going to help you understand how to adjust that position in relation to what’s expected and likely to occur. So, market down 23% over 16, almost $17 per share, and this is not too expensive [inaudible 00:00:08:17]. $70 per share, but down $17. Really exciting move. Again, you buy not a huge position there, but you’re going to be up 25% on your money in just really the month here, 14 trading days, not even a three weeks of time as far as the market day to day is concerned.

Qualcomm($QCOM)

Lastly here, Qualcomm, and we’ve seen a lot of things like the… XLK, I believe is the technology ETF, things like NVIDIA, Intel, really get damaged here and really moving much lower. But you see shares of Qualcomm here at the beginning of the month of May saying, “Look, if you want to go ahead and trade these stocks, you’ve gotta be trading it to the short side. And if you want to then manage that position moving forward, well, short at predicted high levels, that’s where you’re going to get those good opportunities.” There’s plenty of these times in the market where the market’s going to trade up and you gotta be shorting on those up days. The S&P was like that. I mean, you really wanted to be shorting when the jobs report came out, stocks went straight up on a Friday and then just completely started collapsing from there, but that was the great time to go ahead and get short.

Here in Qualcomm, down 19% in just nine trading days, $16 per share. There are some really fantastic trading opportunities. We’ve been highlighting this market weakness over the last few weeks and why you want to hedge your portfolio because you see how quickly your long positions are going to get completely wiped away and be in the negative. Whereas focusing on the short side of the market and where these opportunities are opening up, so you can make a considerable amount of money very quickly here as the markets decline very rapidly. This has been our hot stocks outlook for May 24th, 2019. Best of luck to all you traders out there in the markets. Thank you all for watching. Thanks again and bye for now.

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VantagePoint Forex Weekly Outlook for the Week of May 20th, 2019

Forex stock trading

Vantagepoint Forex Weekly Outlook for the Week of May 20th, 2019

The Vantagepoint Forex Weekly Outlook is designed to help traders.  It’s important to remain aware of correlations in the global markets. Traders can become more profitable if they know how to get ahead of the trends. Utilizing the predictive indicators in VantagePoint Software can help traders find the right trades and the right times. Above all, traders know when to enter and exit those trades for maximum profit. Let’s look at the charts for the U.S. Dollar, Gold, Crude Oil The Stock Market and the Major Pairs.

Hello everyone and welcome back. My name is Greg Firman and this is the Forex Weekly Outlook for the week of May the 20th, 2019. Now to get started this week, we’re going to begin where we always do with that very, very important US Dollar Index.

The US Dollar Index

Now, the dollar has had quite a good week here over the last week or so, with a little bit of progress on the China/US trade, but not a lot in my respectful opinion. So, the dollar still has that safe haven status attached to it, but we’re coming up to a major level of verified resistance. That area currently at 9808, the dollar has struggled at this area for some time. The indicators in VantagePoint right now are saying we’re still going a little bit higher here, but we are moving towards an over-bought condition looking at the RSI. That doesn’t mean it can’t go higher, but when we look at things right now, once again, we’ve got out key support level at 9733, and we have verified resistance at the 9908 area. So, the probability of a failure in the dollar very soon is likely.

The Gold Market

Now, when we look at this and we apply that same methodology to gold, we can see here very clearly that gold is under a little bit of pressure. Not a lot of pressure here guys, but a little bit of pressure with that dollar strength. But, we’ve got a verified resistance zone and that’s coming at about 1304. The lower end of the current range that we’re dealing with is sitting at about the 1267 area. Now, most of the indicators in VantagePoint are pointing for a little bit more downside here, but a lot of this is based around that US dollar strength. Now, when the dollar starts to give back those gains, money should move back into gold. I suspect that will be probably in the mid part of the week here. But, again, we want to watch these signals from VantagePoint to see when the market is going to be turning. Right now, again, the medium term crossing the long to the downside suggesting there still, again, a little bit more downside.

Crude Oil

Now, oil in most cases will follow the equities higher, and that’s exactly what’s happening. But, we can assess here also that we’re getting tangled up around this verified resistance at 6348. So, we’re looking for a clean break of that area if we have any chance of targeting 6672, the additional verified resistance. I believe we will get back up to that area the closer we move to summer driving season. Now, the indicators from VantagePoint are still rather positive on oil so we could see further upside. But we need the SM500 and the global indices moving higher, to be clear.

S&P 500

Now, with the SM500 we hear a lot of different rhetoric here from all the different analysis’s, the different websites, but let’s look closer at this guys. We’ve got our critical VantagePoint level right now. We’ve got a reversal signal here on our medium-term, causing our long-term predicted different, and we have verified support down at this level here. The market came down, kissed that verified support level, that level goes back to, again, if we look at this, that looks like our March 25th low, then we’ve come down, kissed that area, our VantagePoint medium-term crossing our long-term predicted difference warned us that this was probably getting ready to turn. But, again, when we look closer at this we also have this critical VantagePoint pivot area at 2882, we’re failing two days in a row, and we’re unable to close above that particular area.

So, when we look at it going into next week, we need to make a clean break, in my respectful opinion, of the 2900 mark to take the pressure off the downside. Now, again, there’s very little movement between the US and China. Trump has blinked a little bit saying that he may not put the additional tariffs on for six months, yadda yadda yadda, we’ve heard all this before. But, there is very little progress here. So, I don’t see that anything has changed. Right now, our major swing top here is coming in at 2960. And our major low-point right now comes back into this, again, this March 25th low. We’ve come down and retested that area within a few points, only to have a drastic reversal. So, we watching this level very closely to begin the week.

Forex Weekly Outlook for Major Pairs

Euro/U.S. Dollar (EUR/USD)

Now, as we come into our major Forex pairs here this week, once again, a lot of range-bound trading. We’ll start with our main pair, Euro/US. This is the most actively traded Forex pair. When we look at it right now, we’ve got strong verified support coming in. This level is absolutely huge at the 1100 mark, 1110-12. Once again, an excellent call from VantagePoint. When you’re looking at the proper set up here, the medium term crossing the long term predicted difference to the downside, we’re failing up against this major resistance line, this verified resistance zone as I identified in the software. We’ve got a falling RSI. All of that lead to the Euro moving lower. But, I will point out we are still very much in the same range. So, be careful. Anywhere near 1110, if the Euro is going to reverse and go higher, that is where the area is going to be. So, we’re going to watch the Neural Index and the predicted difference cross. The same thing that put us short is the same thing that will have us go long here guys. Okay? So we just need to get this thing turning back up right now, the major resistance hurdle that we have to clear is the 11203 area, if we can get above that, then this pair will continue to move higher. But again, risk on/risk off scenario in the market will determine that.

U.S. Dollar/Swiss Franc (USD/CHF)

Now, when we look at US/Swiss Franc, once again here guys, one of the best most effective ways to use your VantagePoint software, again, are medium-term crossing our long-term predicted difference to the upside, that’s the pink line crossing the blue line, we want to use that in conjunction with the Neural Index in a rising RSI, and a rising MACD, for that matter too. I’m just simplifying the charts down here today. But, what we also have to do is identify major resistance using the VantagePoint pivot areas. Our T-cross long 10135, we must break above that guys. If we have any shot whatsoever of turning back to this critical verified resistance zone in that 10230 area. Right now, my optimize remains somewhat guarded here. We need stocks moving higher in order for US/Swiss Franc to move higher, to be very clear. If stocks crash, dollar, yen, and US/Swiss Franc are likely going to follow. So, watch your verified support level that we’re going to hold, but we, again, we need to break through 10135 if we’re going to continue to buy this pair.

British Pound/U.S. Dollar (GBP/USD)

Now, when we look at the British pound/US dollar going into next week, obviously Brexit is another major factor. But again, looking at the predictive indicators in VantagePoint, we can see that the medium-term/long-term predicted difference cross is starting to narrow. The Neural Index is still read. We’re looking for the N index to turn green, and our medium-term to cross our long-term predicted difference, back to the upside. I believe we’re within a matter of days of that happening. So, when we back this out and we look at this over the six-month period, we can see major verified support at this low-point, going back to January 15th, that area, 12676, I believe that longs could very much work off this particular area. The further we move away from the critical VantagePoint T-cross long at 12946, the more likely it is we’re going to retrace to it here guys. So, again, watch this 12964 and we’re going to keep a very close eye on the medium-term crossing the long-term predicted difference when it is combined with the N-index. I think we will have a fantastic long trade here guys, again, in my respectful opinion only, we are very close to a turning point on this particular pair.

U.S. Dollar/Japanese Yen (USD/JPY)

Now, if the global stocks start to turn higher and they recover on some of the trade wars, then what we’ll have here too, is right now we have a verified support coming in on the dollar/yen, global about the 109 area, 10902. Again, our medium-term crossing our long-term predicted difference, but, the market started to rise here guys when the Neural Index when from red to green. Very important that I stress this combination of these indicators. With a rising momentum indicator like the RSI, you can see then and only then did the dollar/yen rise. Now, run now I will have to also say that this is a corrective move higher. 11041 is the area we want to watch to start the week. If we can break above 11041, then chances are the global stock markets are going to reverse and go higher. That’s what will send dollar/yen higher. However, if the global stock markets continue to move lower, then dollar/yen will move towards that 11041 area, correct to that area, and then turn back down with those global stocks. So remember, all of the Forex traders watching this, and your stock traders that are watching this video, it’s one of the same trades here. They’re very, very highly correlated. Right now, our predicted differences are rising, but still below the zero line, so we sill have a bearish tone to this pair while under 11041, to be very clear.

The Commodities Currencies

U.S. Dollar/Canadian Dollar (USD/CAD)

Now, as we go into our main three commodity recurrences this week, we’re looking at the US CAD. Now, in the VantagePoint live training room and with my own direct clients, basically, like shooting fish in a barrel here guys. Using these verified resistance zones, every time this US Canadian pair comes up towards the top of the range around the 135 area, we’ve been shorting. So, this trade continues to work, it worked again on Friday. Now, some news coming out of Canada that the US has lifted the tariffs on steel and aluminum. That tariff was lifted, to be clear, because Justin Trudeau finally conceded to Trump’s request to stop shipping the Chinese steel across the border and masking it as Canadian steal, and that’s actually what was happening. The steel was being imported or exported from China into Canada, and basically smuggled across the border under the guise of no duty attached to it. That’s been corrected, the tariffs have been listed. This should be a positive for the Canadian dollar.

Regardless of red, green, blue or your politics, I believe that Trump was correct in putting that tariff even though I am I Canadian. That was the right thing to do, because a lot of that steel was actually not coming from Canada, and that was the issue. So, when we look at this right now, once again here guys, understanding how to use these predictive differences in combination with the Neural Index again, we can see the medium-term crossing the long-term predicted difference is turning down. I believe the Canadian dollar is potentially getting ready to strengthen. But, be advised it is a holiday on Monday in Canada, so that is not a true price on Monday. If the US/Canadian pair goes screaming higher on Monday, it’s likely to go crashing lower on Tuesday when the Canadian markets return. So, just a little bit of advanced warning there that it is Victoria day, and it is a holiday in Canada. So, be careful of this, but for now, the range between 13520 and the lower end of this particular range is 13380, in my respectful opinion, it is more likely than not we are heading to 13380 than towards the 136 area.

Australian Dollar/U.S. Dollar (AUD/USD)

Now, when we look at our other two main commodity currencies, Aussie/US across the board is down about 14% against all of its major G7 currencies on the month. The probability that the Aussie currency is getting ready to turn high very soon is very strong. So, we know where we had this spike lower that went all the way down to the 6638 area, I don’t feel that we are moving down to 6638. I believe that the Aussie is pretty much going to start to get exhausted and people wills tart buying the currency back very soon. Now, we’ve moved a long way from the T-cross long, 6988, the further we move away from it the more likely it is we’re going to retrace to it guys. So, we’re going to continue to watch this area. Right now, we’re closing the week at 6864. Just be very, very cautious. Because again, when we come back out and we look at this on a year-over-year basis, the additional support is not down to 66, but again, I think it’s a little overdone on the month. I would say the same thing for New Zealand here guys. It’s in a strong downward move. But, it’s been in this move for a very long time, since March the 27th. So, a corrective move, if nothing else, is likely going to be in the cards very soon.

New Zealand Dollar/U.S. Dollar (NZD/USD)

To begin the week, our verified zone, the low-point of that is coming in at 6520. We’re closing the week basically right on that level. So, if this thing is going to turn higher it’s going to be within the first couple of days of next week. So, also watch for some opportunity there, because after we made this low our medium-term crossing our long-term predictive difference has taken place and that is warning us, potentially, of this pair reversing higher also. So, the only major event risk that we really have coming up next week is the FOMC minutes. I don’t see a lot of variation from the norm coming out of those minutes. So, it should be a fairly basic week based around supply and demand only.

So, with that said this is the Forex weekly outlook for the week of May the 20th, 2019.

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Vantagepoint Hot Stocks Outlook for the Week of May 17th, 2019

Forex stock trading

Hot Stocks Outlook for the Week of May 17th, 2019

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 GoPro ($GPRO), The Gap ($GPS), O’Reilly Automotive ($ORLY), Tyson ($TSN) and J.M. Smucker Company ($SJM).

 

This Week’s Hot Stocks Outlook

Good afternoon traders and welcome back to the Hot Stocks Outlook for May 17th, 2019. Hope you all have had a great week in the financial markets and as always, plenty of opportunities to cover. We’re going to start here with GoPro, we’ve got shares of Gap, O’Reilly Automotive and also more of these food production stocks where you’ve highlighted had done extremely well while the markets have seen some increased volatility here. But starting here with shares of GoPro and really covering how every single forecast works within the vantage point software. What we have here are daily bars. This is daily price action, we can see going back to the beginning of the month and against those daily bars, you see that there is a black line and also a blue line. Now the black line that you see against the price action, that is what’s called the actual or simple moving average.

And that’s a very common technical indicator. You can get it in just about any platform out there. And what it does is it plots average prices rolling forward over a given period of time. But really the weakness with that indicator is it’s a really good barometer of where prices have already been. And one of the other issues is that it only looks at one market in isolation, in this case, the shares of GoPro and the closed prices that have come within that market. Now what we’re able to compare that black line on the chart is we’re able to compare it with this blue value. And so for this value to be generated, Vantagepoint is utilizing the technology of neural networks, which is a type of artificial intelligence to look at how up to 35 other markets are affecting and influencing shares of GoPro. So this can be different technology stocks, this can be ETF groups. This is things like the S&P 500, the dollar index, currencies, interest rates.

And so what it’s able to do is end generate predictive data, so data in the future that hasn’t yet occurred yet, and actually build that into these indicators, turning them into predictive indicators. So whenever we get this blue value crossing above the black value, which we see we get across right here, what it’s indicating is average prices are expected to move higher than where they’ve been and that would suggest to traders it’s time to go ahead and look to get along the market. Now in addition to that predicted moving average, you see that there’s also a green and a red bar at the bottom of the screen and that is another indicator driven by that neural network process, but it’s only looking ahead 48 hours. So it’s very short term and really you know, just about, you know, 48 hours of strength or weakness in the market and that can indicate really great times to actually add to your position.

GoPro ($Gpro)

So you see in days like this where you get the closed here, neural index is down, and it’s saying expect some decreased price action, possibly some price action that takes place below the moving average over the next couple of trading days. But you still see the difference between that predicted moving average, and the actual still a widespread there. Suggesting, look, the trend is still up, you don’t want to get out of the position but be aware of that short term strength or weakness don’t let it catch you off guard. And really lastly here, you’re actually provided a predicted high and low range before each and every trading day. So you see how we have a shadow candle here and really the great benefit of this is we can actually see how accurate all of these predictions were against the then actual market data that comes through. So if I go ahead and highlight these predicted highs and lows, you really see how this works as an overall forecast.

You set your trend direction, you understand if you should expect some strength or possible weakness over the next couple of days. And as long as that blue line remains above the black line, well you want to be adding your position. So you see multiple levels here that suggest, hey, you want to be adding to your position, really three entries here on the way up. And you see that this has turned into a fantastic opportunity really with a lot of that market volatility still forecasting here that this stock is expected to go higher, and you’ve gotten a 27% rally just over the past eight trading days. Now all is not clear here, right? I mean all is not moving straight up, and we’ve really been highlighting that there’s these areas all throughout early April and then this month of May where you want to go ahead and hedge that portfolio, but where do you want to do that?

 

The Gap ($GPS)

Well, we see shares of Gap here. You get this crossover to the downside, you’ll see you get these periods where the neural index will highlight that strength over the subsequent 48 hour periods. But the blue line is still below the black line signaling that, that trend direction is still down. And you see that this is a great time again where you have that strength coming into the market, but you want to remain to the short side. So when we take a look at this overall forecast, we can get an idea of, okay, well as a trader intraday, where do I want to be looking to take positions? And so as long as you can really handle the volatility over a couple of trading days and stick with that overall directional bias in the market, you see, plenty of great entries, about eight entries at the higher parts of the range here before this market really accelerates to the downside.

So, just another fantastic opportunity, so eight entries there where overall you’ve got the ability to manage that position but also stick around for the longer term trend. And so we’ve seen a lot of volatility kicking the shares. This market here down 13, almost 14%. And you see what happens in periods like this, right? Where you get trend and just a lot of weakness signals saying, look, this is going to start moving lower, you want to make sure that you get that position on.

O’Reilly Automotive  ($ORLY)

Now, O’Reilly Automotive, a lot of the automotive stocks and we looked at things like, you know, genuine parts the last week. Some of these manufacturing things really at risk here. And so we see these crossovers to the downside. Again, O’Reilly Automotive here, not very much strength, right? You get a couple a day here, you get a little bit of bounce in the market here but look at the distance between this prediction.

So the actual, you know, the actual moving average and this prediction of the predicted moving average rolling forward. And of course, those shorter-term traders or even a longer-term trade and wants to add to your position strategically understands exactly where you want to be coming in and making those trading decisions. So you see about four entries as this market moves lower from those predicted high levels. But overall very clear that you know, this market to the downside don’t get caught pushing long positions, and you see markets declined off 11% in just the past 17 trading days. So, you know, even the options traders, if you want to go ahead and highlight areas where you can, you know, be looking to buy those put options or sell some calls, however you want to, you know, approach it, you know, a great time to come in and hedge that portfolio. But there are those other areas, which again, we’ve highlighted, you know, Tyson Foods, Hershey last week. The food stocks are doing very, very well.

Tyson Foods ($TYS)

So we see Tyson, I mean we brought this in a couple of weeks ago. So in the past couple of weeks of time we’ve just had that continuation of saying, okay, well use your vantage point levels. You can at this point using a lot of profits to add to this position. And you see, what is this? Five more entries to the upside as this market really starts to accelerate higher. So again, another great opportunity. We’ll go ahead and take a look at JM Smucker here, but overall here and shares of Tyson, about 30% rally to the upside, $18 per share, so just a fantastic boon. Just a hundred shares there, yup. $1,800 without a whole lot of, you know, really no signals that this market’s going to move lower. A lot of strength over the course of this and plenty opportunities to intraday really add to that position with those profits.

J.M. Smucker Company ($SJM)

Here we have JM Smucker very similar situation, right? And this is really one of the really powerful things about intermarket analysis is that when you have these strong correlations with particular stocks, you’re going to see all these things turn up at the same time. So when you run these scans for these crossovers, you’re going to see a lot of similar markets come through at the same time and signal, okay, here’s a big sector move. I can go ahead and set that directional bias, but of course, you know, use these tools, right? Use the benefit of the predicted low’s to add to those positions and manage the trade effectively. So you see, even in these sideways periods, plenty opportunity to buy at the predicted low, take some profit, re-buy at these levels, and just continue on as long as that blue line in that prediction is saying the trend is still up, stick with that position.

And you see a lot of these things have resulted in some really fantastic rallies that have weathered the storm of you know, tariffs and volatility that you’re seeing on things like the S&P 500, and you know, certain types of stocks within those indexes. So another 22, almost 23% now rally over the past couple months here and JM Smucker’s, Tyson, Monster Energy, just really great opportunities out there, but you want to know, you know, where to take that risk, where do get along. And also those areas like Gap where you should just avoid the market. You can either hedge your portfolio or just straight make money on the short side of the market here as a lot of these things start to decline and pull back. So once again, this has been our hot stocks outlook for May 17th, 2019. Thank you all for watching. Best of luck to the traders out there in the market. Thanks again and bye for now.

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VantagePoint Forex Weekly Outlook for the Week of May 13th, 2019

Forex stock trading

Vantagepoint Forex Weekly Outlook for the Week of May 13th, 2019

The Vantagepoint Forex Weekly Outlook is designed to help traders.  It’s important to remain aware of correlations in the global markets. Traders can become more profitable if they know how to get ahead of the trends. Utilizing the predictive indicators in VantagePoint Software can help traders find the right trades and the right times. Above all, traders know when to enter and exit those trades for maximum profit. Let’s look at the charts for the U.S. Dollar, Gold, Crude Oil The Stock Market and the Major Pairs.

Hello everyone and welcome back. My name is Greg Firman and this is the Forex Weekly Outlook for the week of May the 13th, 2019. Now to get started this week, we’re going to begin where we always do with that very, very important US Dollar Index. We’re also going to review our major commodity futures, but more specifically the S&P500 oil and gold, and of course our major Forex pairs.

The US Dollar Index

Now, we haven’t got any kind of trade deal here so of course this is likely going to put pressure on the US dollar, potentially even equities.
We’ll look at that in a minute. But for now, the Dollar Index is under pressure as forecasted by VantagePoint. But we have a very mixed signal here sitting on this verified support zone. That’s coming in at or about the 96.87 area. Now, a breakdown below that area could trigger a bigger move lower in the dollar. The dollar is usually weaker around the middle of the month. So right now it’s perfectly normal for the dollar to sell off at around the middle of the month. No reason to panic just yet.

We’re still, again, well within these ranges, but if we’re starting to break down below the 96.81 area. That would be a significant problem potentially. That could lead to a full reversal on the dollar. But again, we’re not seeing that just yet. The dollar should, under normal circumstances, begin to strengthen again towards the end of the month. So we’ll continue to monitor this. But for now, only one of the VantagePoint indicators is suggesting we could reverse higher.

That is the medium-term crossing the long-term predicted difference. But that is not supported by the neural index or the breakdown below our key VantagePoint pivot area at 97.22 with a close of 97.12.

S&P 500

Now this is basically breathing a little bit of life back into the equity markets, but the equity’s under significant pressure after yet another significant sell off in this verified resistance zone up around this 2950 area.

Now, once again, the equity markets don’t look like they’re completely down and out yet. But we can only fail so many times above 2900, guys, before we see a much, much deeper corrective move lower, if not a complete and utter trend reversal. Now, we want to remember that fundamentals didn’t really take stocks higher, the Fed did. So, the Fed is still… Now, with the trade war with China, if this continues, that could fuel a rate cut.

If it does, that may actually help stocks. So, little bit of fundamental analysis right now. Two, we can also use the VIX to help gauge the volatility. Again, when we’re looking at the

VIX, we’re not using it any differently than we use our other VantagePoint indicators. We’ve got our medium term crossing our long term predicted difference to the downside with the neural index. That suggests that the VIX may turn around and move lower.

When we look at this, we have failed exactly on the T-cross long at 15.94. So, once again, if we break down below that area, that could trigger the VIX. The pressure could come off the equity markets. When we look at our long predicted, we are closing below 16.83. If we combine this signal, breaking down below the predicted moving average, we’re crossing using our medium term predicted difference, crossing down. This suggests that equities will potentially recover next week.

But again, guys, we’ve got to remember here that we’ve never been in a trade war, at least not recently, with China. So, we’re in a very speculative time. We need to see how the market is now going to react. And more importantly, we need to see who’s going to blink first, either Trump or China. I feel Trump is the one that’s already blinked by saying, “Maybe the tariffs will stay, maybe they won’t. We’re still negotiating.”

Secretary Mnuchin, that’s not what he said. What he said very clearly was, “There is no planned negotiations in the next X amount of days.” So, I’m going to take that as the tariffs are going to stay in place for now, and now, we have to see how the market reacts to this.

 

Crude Oil

Now, looking at Light sweet crude Oil, oil has been following equities lower. So, it stands to reason that if stocks reverse, oil will reverse with it.

We’ve got our medium term crossing our long term predicted difference, but our neural index is still down. On our side it’s recovering, but not yet above the 50 area. So, still in bearish territory for now. Now, when we look at gold for next week, gold is obviously benefiting from the conflict between China and the US but again, that’s a global… That trade war is not necessarily just between the US and China. That’s going to affect the euro zone, Mexico, Canada, pretty much everybody.

The Gold Market

So, we’ve got to think of it that way, right? Think globally here, guys. Not just where you’re particularly domiciled in. You want to look at, again, globally. So, right now, we have significant resistance on these verified zones coming in at or about the 1292 area. If we can break above 1292 on gold, I sense that we should be able to break above that. We’re likely then going to target these additional zones starting at 1314. Then we would move to 1319. And then, ultimately, if things really turn ugly in the markets next week, gold could very easily, next week, revisit the 1356 area.So, again, it’s about understanding what’s going to happen. The last thing we want to do is talk about past trades here. We want to look forward, always be forward-thinking in our analysis.

Forex Weekly Outlook for Major Pairs

Euro/U.S. Dollar (EUR/USD)

Now, when we look at Euro/US, Euro/US coming off an identifiable, verified zone, 111.15. We’ve got a fresh triple EMA cross. To begin the week here guys RSI is saying we’ve got momentum building to the upside. Gold continues to move higher. That is absolutely going to benefit the euro here. We however, really need to break through this resistance. We need to be very cautious next week around 112.64. If we can break through that, we should have an easy run here guys, back to 113.23. But again, we’ve got to get past this first verified zone where we’ve come up and kissed it two days in a row and then it’s backed away each time. But the indicators from VantagePoint are suggesting we are likely to move higher. But again, that is also largely based on the inverse correlation to the dollar index.

As long as the dollar index is moving lower here guys, keep your trading simple. We don’t need to throw 50 indicators at this thing. All we have to do is understand the direct inner market correlation, which is the dollar index. If the dollar index is moving lower, Euro/US is absolutely going to be moving higher.

U.S. Dollar/Swiss Franc (USD/CHF)

Now with US/Swiss franc coming into next week, we’ve given up a fairly significant verified support level. That’s coming in at 101.28 we are closing below this, but here’s the thing, we have to be very cautious of a bear trap down here. What I mean by a bear trap specifically is that if the equities do turn around and start moving back up above 29.00 towards 29.50, two pairs will likely follow; US/Swiss franc and US/Japan. Right now, we’re not oversold yet, so we’ve probably got a little bit more downside based around the VantagePoint indicators, but again, watch that direct inter-market correlation.

British Pound/U.S. Dollar (GBP/USD)

Now as we move into the pound/dollar for next week, we’re actually doing this trade this week in the live training room. We’re basically buying off this 129.60, 129.80 area, but the trade is struggling here. Pound dollar, there’s a lot of rumors going around with Brexit, that they may be ousting Theresa May. I don’t know if that’s true or not. If they do, then Brexit is probably out the window and things go back to normal. So if things go back to normal in the UK, Brexit is no longer on the table, then the pound/dollar is grossly undervalued at an exchange rate of a dollar to 30 compared to the US dollar. So the upside theoretically could be wide open. So we’ll be watching this one very closely, but for now guys, we’re sitting below 130.31. What I’ll suggest here is that if we break above 130.31, we are buyers.

We’ve got two good verified support zones going down to 128.66. We’re likely, again, if we go back into our risk-on situation in the global markets, then pound/dollar will rally. And again, if Brexit is off the table, which I can’t say for sure at this time that it is, that will also benefit the pound. So longs definitely, potentially could be in play here. Just watch these two levels. Right now, 129.88, 129.60, that’s the area we want to watch. If that area continues to hold, then we would look to buy again down around that area.

U.S. Dollar/Japanese Yen (USD/JPY)

Now as we look at the dollar/yen, obviously dollar/yen following the crash in the equity market also represents a crash on dollar/yen. So a recovery in the equity markets, meaning specifically the S&P 500 the Dow, et cetera, if they recover then dollar/yen will recover.  What we’ll take notice here is we have moved a considerable distance away from the critical VantagePoint levels between 110.49 and 110.97. The probability that we’re going to retrace back to that area is better than 50%. Counter trend longs may work here guys. The low area down here, that’s going to come in at 109/47. If we continue to hold above 109.47, a corrective move, a corrective long trade is more than reasonable, guys. Nothing goes straight up and nothing goes straight down. The markets are only trending; any market is only trending 20% of the time, which means there’s an 80% probability we are going to retrace higher. So always keep that in mind guys.

The Commodities Currencies

U.S. Dollar/Canadian Dollar (USD/CAD)

Now as we move into our three main commodity currencies starting with the US/CAD, very strong unemployment numbers coming out of Canada on Friday that’s pushed the US/Canadian pair down.

But I’ll also say that it came right to an area identified in the VantagePoint software using these verified zones. We came down exactly to that number in the 133.75 area, kissed it and then bounced off of that area. So this is the area we want to see if we can hold the beginning of the week. Right now the indicators from VantagePoint are saying we are further downside. So when we look at our upside pivot areas, we’ve got 134.39, 134.56 and 134.46. As long as we’re holding around this area, then US/Canada should move lower. But to be clear, we need oil moving higher, and we need equities moving higher if US/CAD has any chance of movies moving lower. But right now the indicators from VantagePoint are suggesting we continue to sell a rally anywhere towards 135 just like we’ve been doing for the last several weeks.

Australian Dollar/U.S. Dollar (AUD/USD)

Now with Australia/US and New Zealand/US, both of these pairs in my respectful opinion are nothing special here guys. They are likely to remain under pressure with rate cuts coming out of the RVA and the RV. So right now a corrective move higher is likely towards 70.39, our T-cross long. We have additional verified resistance coming on these two bars here, we’ve got 70.47, and of course the critical level in my respectful opinion at 70.68. Selling up to 70.68 is a reasonable play, provided if we have a complete reversal and the equity start moving higher than that should indirectly help the Aussie. But again, my optimism on that remains heavily guarded until we can see how the market’s going to respond to this US, no US-China trade deal.

New Zealand Dollar/U.S. Dollar (NZD/USD)

Now again, New Zealand’s taken a beating this past week on one single day only. New Zealand Dollar/U.S. Dollar (NZD/USD)This is what I want to point out here, guys, that I do with my own direct clients. When we look at this here and identify it as verified resistance or support zone right here, after the Bank of New Zealand cut, we had a big spike lower. But again, when we talk about these economic announcements, they’re just noise. After the market realized that it really wasn’t that big a deal, New Zealand recovers and comes back up to above where it was prior to the rate cut. Buy the rumor, sell the fact. We could have the same situation with the global equity markets, they could fully recover next week guys, or they could crash lower. But we want to watch them very closely because anything that’s happening in the stock market, in the commodity market will absolutely affect our forex trading.

So with that said, this is The Forex Weekly, Outlook for the week of May the 13th, 2019.

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Vantagepoint Hot Stocks Outlook for the Week of May 10th, 2019

Forex stock trading

Hot Stocks Outlook for the Week of May 10th, 2019

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 Genuine Parts Company ($GPC), American Axel Manufacturing ($AXL), Garmin Manufacturing ($GRMN), Anika Therapeutics ($ANIK) and The Hershey Companies ($HSY).

 

This Week’s Hot Stocks Outlook

Good afternoon traders. Welcome back to the Hot Stocks Outlook for May 10, 2019. Hope you’re all having a excellent week out there in the financial markets and as always, plenty to cover here, really continuing on a lot of these themes we’ve been talking about over the past couple Hot Stocks Outlooks, the weakness in crude oil. And now we’ve seen that weakness set into stocks more broadly here. So we’re going to take a look at Genuine Parts, we’ve got American Axle and Manufacturing, Garmin, Anika Therapeutics and also Hershey here.

Genuine Parts Company ($GPC)

So starting here with Genuine Parts, and again, manufacturing, crude oil, a lot of these things and really very broadly seeing that weakness, but a lot of these areas very clearly had come through quite a while ago saying, look, there’s some areas out there you want to go ahead and get short. Then you see things really accelerating over the past week here. But with Genuine Parts you see that we have this black line and this blue line right up against daily bars, going back really the past month here in this individual stock here. That black line that you see on the chart, that is what we call irregular or simple moving average. It’s a very common technical indicator, very easy to plot on a chart, pretty much available in any sort of platform you’d have.

But the problem is is that all it does is really plot past prices, looks at new closed prices coming in and it only looks at the one market in isolation, in this case Genuine Parts. But what we’re able to compare that value to, so that value that really tells you where prices have been, we’re able to compare that to this what’s called the Predicted Moving Average. For that value to be generated, Vantage Point is identifying really about 30 to 35 different markets and how they affect and influence, in this case, Genuine Parts.

So that can be ETF groups, that can be individual stocks, currencies like the Dollar Index, indexes like the S&P 500, NASDAQ. What it’s able to do is taken all of that information and determine how these markets are going to influence and affect the future prices of Genuine Parts, because we have a completely global and interrelated market and you can get very valuable clues from other markets. There’s a lot of leading and lagging relationships. This is where this technology of neural networks has a huge advantage over not having a technology like this and not analyzing these inner market data relationships.

So what happens is when that blue line or that predicted moving average moves, in this case, below the actual moving average, it’s telling you that average prices are expected to start moving lower. Essentially the trend direction is down and you’d want to look to go short.

 

Now in addition to that predicted moving average, you see that we have this red and green indicator at the bottom. This is another indicator generated via the neural networks found within Vantage Point, and again, doing that intermarket analysis. However, there are tuned to forecast over the short term. So 48 hours of short term strength or weakness in the market, really a great thing to understand if you’re short the market, when some short term strength may come in but doesn’t mean get out of your position.  Actually, it would suggest short on those rallies that you may see over the next 48 hours.

And lastly, you’re given a predicted high and predicted low value for the next trading day. So before the trading day even occurs, you have these predicted values. You’re going to see how accurate they are moving forward in a stock like here, Genuine Parts. They go ahead and bring up those predicted high and low values, and what you understand is if you want to be short and you’ve got that directional bias on the market, you know where you want to be shorter, you know where you want to be long, now you’ve got a roadmap that says, okay, well where should you be taking positions on this market so that you’re not chasing the market, you’re not getting inferior prices, and you see multiple entries here in this downtrend and great opportunities to again, add to your position. And you see within a couple of trading days some gaps happening and those markets moving into profit. Overall, fantastic move here.

I can’t say this enough but we’ve really been highlighting this, we’ve really seen a lot of weakness over the past month here. It hasn’t been evidenced in the S&P. You’ve sort of seen it crawling higher and higher, very, very slowly. But there’s definite weakness out there. Then you see within a week, all of that month’s profits are really taken away on the S&P or all of those gains from the S&P gone very quickly. If you have those areas to get short, that’s where you really make a lot of money when the overall markets accelerate to the downside. So we see about a 13% move just in the past month here on Genuine Parts.

.

And as a trader, very simply, we want to go ahead and get long the market. Now, as long as that blue line remains above the black line, the trend is still up. Now, what’s important understand is with a predicted moving average, what is an average, right? You’re going to trade above and below that average at times, but as long as you have this separation between that blue and the black line, that trend is still up. Now, in addition to that a predictive indicator, you’ll also see that there’s a green and a red bar at the bottom of your screen, and this is the predicted neural index. And what it’s doing is it’s a very short term forecast, so looking ahead 48 hours, and it’s often a really great time when you’re in an uptrend to understand when some weakness is coming in. So as long as that blue line is above the black line, you can again look to go ahead and get long, but be prepared for that weakness ahead of time.

And, lastly, to really round out the entirety of these forecasts is the predicted high and low range, which is actually a predicted trading candle produced before each and every trading day. So you see before this trading day comes in, you’ve got a prediction of the high, a prediction of the low, and that’s what you can use to manage these trades as the market rolls forward. And you see how this works, that if you’re ready and prepared to be a buyer at these predicted levels, you’re getting picked up and almost immediately these markets are moving into profit here. And again, as long as that blue line or that predicted moving average is above the actual moving average, you want to maintain that position. It’s telling you that the trend is up.

So you see here about seven, eight, nine entries or so and a fantastic opportunity where the markets are essentially moving straight up. And you see this second candle here would have been a day where you’d be looking to be a buyer. Markets up almost 18% in just the last 39 trading days. So really about a couple months time here. Now, it’s important to understand though that it’s not all strength in the market. While the S&P has looked very strong, there is some weakness out there. And so you want to find those areas where you can actually look to go ahead and short the market.

American Axel Manufacturing ($AXL)

Moving onto American Axle and Manufacturing. Very similar story here, crossover to the downside neural index at a zero. You see that you’ll get these periods where the neural index will move up to a green configuration and you see things sort of run sideways, but you’re actually getting bigger separation between that predicted moving average and the actual. And of course you want to be short with that predicted moving average below the actual saying the trend is now down. And you see how this works out. Again, great opportunities to short the market. You see you get some volatility, but within two trading days you are well below your entry price. Here a day where most people don’t want to short at the close there, you’ve got to limit order waiting to add to that position and really great opportunities again to exploit the downside of this market if you’re long. We talked about things like Tyson foods. There are these areas that are very, very resilient right now and are moving up even as the S&P starts to go lower.

But you want to go ahead and take those short positions so that you’re making money on both sides of the market. Then when volatility really slams into things, you’ve got things that are really working out for you. So American Axle and Manufacturing down at 20%, over $3 per share on a $15 stock where they buy put options to short the shares, making a lot of money in 12 trading days. So really what, two weeks essentially, three weeks of time here, really making a lot of money and having a great entry on the short side of this market.

 

Garmin Ltd. ($GRMN)

Moving forward to Garmin. You see kind of a theme here. You’ve got manufacturing. Garmin I’m sure it gets a lot of these parts and things like that from China. None of this is really fundamental analysis. It’s really doing the analysis in the background. But then we see things like fundamentals hit the market and you see really things start to get exaggerated. But it’s not predicting what’s going on in the future or what’s going to happen next. It’s simply using these tools to guide you forward with your trading.

You see here Garmin, you have a crossover to the downside, again, mid-month last month, the blue line below the black line. You’ll see again this neural index that it will come in and let you know when there’s going to be maybe some weakening of the trend, but you see a lot of separation still between that prediction of the moving average, which I always say you can trade above and below an average. You should expect prices to move above and below an average. But don’t lose sight of the bigger move here in the trend and you see what ends up happening. We have great opportunities to be shorting at these predicted high levels and then a little bit of news comes out and things can really accelerate in your favor here, but you need to get ahead of those things. Be in the market and take those positions ahead of time and a really great opportunity, again here, as we see the market gaps down, things getting very weak. Off about 10% just in the past few weeks of trading there.

 

Anika Therapeutics ($ANIK)

Now there are some areas of the market where there’s still that strength. We talked about really the food production stocks like Tyson, I think it’s McCormick, mixed spices and things like that. You’ve seen those stocks do really well. So those areas you can be long the market, but you want to make sure that you have that roadmap and that go-ahead from Vantage Point that says okay, here’s an opportunity for you.

Here we’ve got a Anika Therapeutics. You see this crossover to the upside, just a ton of strength from the neural index here. You see over the past, really more than a month time, you’ve only had three days where the neural index has been down at a zero. You see a little bit of a gap down here, a little bit of a gap downs from when those areas come through, but the blue line still well above the black line. And you see even as the market experiences weakness, a stock that has this bullish forecast is doing very, very well. You see your initial entry coming all the way back here at the beginning of the trade and things just really exploding to the upside. This market up 33%.

So just understand that this is when the overall market S&P and all that’s doing very weak. Well, what does Vantage Point telling you about this stock? It’s going higher. Don’t be short here. Here’s a place where you can be long and make a lot of money as that market accelerates here. Over 30% move in just 25 trading days. $10 per share, obviously you buy just 1,000 shares. Doing very, very well here as that market explodes higher. Over $10,000 just really in a few days as this market moves higher.

Hershey Companies ($HSY)

And again, I want to touch on Hershey. So we looked at broadly the areas that are doing weak, like energies. We went through that last week of all those energy stocks and we see crude oil just completely reversing to the downside, off about 10% over the past couple of weeks now. But here’s Hershey here. Crossover to the upside, neural index strongly there at a one. You’ll see you get these areas where, again, you see this, you’re getting lower lows coming through after these neural indexes, but not at an area to get out of the market. Really an area to buy on these dips. And you see a great opportunity. You see again, neural index bearish it, all the way here saying expect that retracement. But look how accurate these predicted highs and lows are.

So even when you get this volatility around this area, look how quickly these predicted highs and lows adjust so that you can be making intelligent trading decisions and getting the most out of that trading opportunity. So very similar to Tyson and McCormick and some of these, again, these food production, sort of these grocery stores stocks. Up 11% in just 32 trading days. So just fantastic opportunities. Again, this is not something we haven’t identified over a long period of time. Every single week we bring in the same markets in the same sectors and that’s where we’re seeing a lot of the strength. Then also this weakness that we’re really seeing play into the broader S&P 500.

So great week to be Vantage Point users. Thank you all for watching. Best of luck to the traders out there in the markets. Again, this has been our Hot Stocks Outlooks for May 10, 2019. Best of luck. Thanks again and bye for now.

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Vantagepoint AI Named Top Workplace by The Tampa Bay Times

Forex stock trading

Vantagepoint AI Named Top Workplace by The Tampa Bay Times

The Tampa Bay Times announced it’s 2019 Top Workplace and Vantagepoint AI honored again!

Wesley Chapel, FL  May 14, 2019 – The Tampa Bay Times announced it’s 2019 Top Workplaces and Vantagepoint AI landed in the top 10 of 45 businesses selected in the Small Company category from the entire Tampa Bay area business community.

“Vantagepoint has been part of Tampa Bay for over four decades and we’re thrilled being acknowledged for our positive impact on both the community and employees,” says Lane Mendelsohn, President, “Alongside ensuring a phenomenal product and internal culture, we emphasize charity and giving. Two years ago, we began partnering with Shiners Hospitals for Children and a percentage of all profits are set aside on a weekly basis for direct donations to this important organization of caring.”

Vantagepoint AI, the software company that developed the first artificial intelligence trading software in the world available to retail investors and traders, empowers traders daily in financial markets. Vantagepoint provides trend forecasts up to 3 days in advance with up to 86% accuracy. Traders and investors using Vantagepoint enjoy an edge and insight into the market, allowing them to make smarter trading decisions. See how Vantagepoint works with a demo at www.vantagepointsoftware.com/demo or by calling 1-800-732-5407.

The Tampa Bay Times provides an annual review of the top workplaces in the area and Vantagepoint AI was listed for the second year in a row. This is the second workplace award honoring Vantagepoint AI so far this year. In March, the Tampa Bay Business Journal listed Vantagepoint AI as one of the Best Places to Work in the Tampa Bay area.

The awards are given as result of the Tampa Bay Times’s anonymous survey of employees in the region. “We’re grateful to be selected for this award a second year,” said Mendelsohn, “Being a top workplace is in large part thanks our team! We consider it a priority to take care of our team, because they in turn will take care of our customers.” Vantagepoint takes exceptional care of employees with full medical, dental, and vision coverage, along with perks like Breakfast Fridays, paid trips, and a good vibe throughout the office. Vantagepoint AI is a multigenerational family business and that mentality extends through its employees, giving the workplace a “family feel.”

Find out more about Vantagepoint AI at www.vantagepointsoftware.com.

About Vantagepoint AI, LLC. Headquartered in Wesley Chapel, Fla., Vantagepoint AI, creators of Vantagepoint Software, is a leader in trading software research and software development. Vantagepoint forecasts Stocks, Futures, Forex, and ETFs with proven accuracy of up to 86%. Using artificial intelligence, Vantagepoint’s patented Neural Network processes predict changes in market trend direction up to three days in advance, enabling traders to get in and out of trades at optimal times with confidence. Vantagepoint is also actively committed to giving back in the Tampa Bay community and to Shriners Hospitals for Children.

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VantagePoint Forex Weekly Outlook for the Week of May 6th, 2019

Forex stock trading

Vantagepoint Forex Weekly Outlook for the Week of May 6th, 2019

The Vantagepoint Forex Weekly Outlook is designed to help traders.  It’s important to remain aware of correlations in the global markets. Traders can become more profitable if they know how to get ahead of the trends. Utilizing the predictive indicators in VantagePoint Software can help traders find the right trades and the right times. Above all, traders know when to enter and exit those trades for maximum profit. Let’s look at the charts for the U.S. Dollar, Gold, Crude Oil The Stock Market and the Major Pairs.

Hello everyone and welcome back. My name is Greg Firman and this is the Forex Weekly Outlook for the week of May the 6th, 2019. Now to get started this week, we’re going to begin where we always do with that very, very important US Dollar Index. We’re also going to review our major commodity futures, but more specifically the S&P500 oil and gold, and of course our major Forex pairs.

The US Dollar Index

Now when we look at the Dollar Index, we can see that the Dollar Index is hung up here on major support as identified by the VantagePoint’s software, 9719, we’re basically closing right on that level. We can assess here that we’ve tested that level multiple times. We were able to breach that level, but not close below that level after that. Once again, very contradictory Federal Reserve. So when we look at this, the market immediately recovered in a very, very mixed statement on the Fed.

Then of course, surprisingly, the Dollar sold off on Friday on a very, very positive US Jobs number. Now the current administration doing a fantastic job with the US economy. Again, in my respectful opinion, we’ve got 3.6 on the Jobs number are U6 number is stable at 7.3 million. Everything looks good there. So at the current time the signal is quite mixed here. Now again, the market is still looking for a dovish Fed, which I don’t think they really got. And they’re looking for a softer unemployment report to tame inflation, and we didn’t really get that either.

So once again, the Dollar could rebound here. But what we want to make sure is that we’re identifying these verified support levels. Right now that’s coming in at 9747 but the area that I’ve also got my eye on is down at the 9636 area. As long as we’re holding above this area, the Dollar should hold its ground. Now we also have verified resistance that area is coming in at 9808. The broader trend here though is still in a little bit of trouble here. As we look back over the last two or three years, as I usually do in most outlooks, you can see we have this additional resistance up here, so the Dollar still absolutely has some work ahead of it, but for now if we were to base our decisions strictly on fundamentals, the Dollar is still quite stable.

The Gold Market

Now this shows itself in my respectful opinion, again, only, that it shows itself by via gold contracts. Gold contracts are unable to breach through this critical VantagePoint level. At 1285. Holding firm we still have very good support on gold, on the downside that’s coming in at 1267, in additional support down to the 1239 area.

But once again, this is pointing to some degree towards Dollar strength, not Dollar weakness. If the Dollar is really his week is what they’re trying to tell us, then gold would have pushed higher, and you can see its had basically one, two, three, four, five, six attempts to break through this critical VantagePoint level. And it is failed at that level every single time. Now our RSI is recovering. Our neural index is still pointing up, but we must break and close above 1285 at least two days in a row, if the Dollar is really going to weaken here.

Crude Oil

Now the same thing I’m seeing right now in oil contracts. Oil following gold, lower. Once again, this is pointing us towards US Dollar strength, not US Dollar weakness. So I think the Dollar still has a little bit more strength left before it sells off towards the middle of the month. So right now these direct inner market correlations guide us along that path to tell us how strong or weak the Dollar is. And of course, that directly affects us on our main Forex pairs.

Forex Weekly Outlook for Major Pairs

S&P 500

Now after that very choppy Fed on Wednesday, of course, the equities were pounded lower. But we still have very significant resistance up here at the all-time highs at 2960. We know that every time the market has put in an all-time high, there’s been a very significant selloff shortly thereafter. Right now, at least for now, there are not any real signs in the VantagePoint software that’s happening. We’ve had a corrective move down to this 2913 area, two, three days in a row. You can see how it’s using the T-cross long at 2917 as a longer-term pivot area, but again, we must break free and clear of this 2960 area if the equities have any chance of a longer-term rally.

Now, once again, with the Dollar Index being a leading indicator, it also tells us with Euro/US that the Euro is still structurally very week. We’ve had a big spike higher after. Again, that very confused Fed is terminology I’ll use on inflation. We had the big spike higher, only four to reverse lower. Another classic example of buy the rumor, sell the fact. We slip back under the T-cross long. That area is now pivoting off there. We’ve come up to this critical level at 121212 but we must break through this area.

Euro/U.S. Dollar (EUR/USD)

We can see we’ve had an excellent signal here from the medium term crossing, the longterm predicted difference off this verified support. But, this is right now, telling us it’s been a corrective move higher, as we’re failing at that critical VantagePoint level. Now when we look at our long predicted, we managed to close above this area, so one 11190 is an area to watch. But we must break through the 121212 area in order for this thing to move.

U.S. Dollar/Swiss Franc (USD/CHF)

Right now we’re not showing a lot of momentum in the RSI. It’s slightly bullish, but again, we must break through that critical level, as identified by the VantagePoint software. Now when we look at US/Swiss Franc going into next week, we had a big push lower again off that, again, very confused Federal Reserve. Hit our T-cross long to the number at 10136. And it’s taken a significant bounce off that area. Now our critical level for this week, we want to look to hold above 10144, here guys. We’re looking for our indicators to turn back to the upside or predicted differences and in our neural index.

British Pound/U.S. Dollar (GBP/USD)

Right now it’s suggesting we have a little bit more downside. I would look for longs on this particular pair, probably more towards midday Tuesday, providing we hold above this critical VantagePoint T-cross long pivot, at 10144. Now as we move in towards our British Pound/US dollar, very, very big move up here in the Pound/Dollar.We caught this in live trading in the Vantage Point live training room, that I run on Monday and Wednesdays. Fantastic move off here.

But once again guys, the main trigger here was the medium term crossing, the longterm predicted difference with a rising RSI, and we’ve got that matched with the neural index. This off a verified support level that coming in, down at about the 12866 we were buying around 129. That led to about a 200 PIP move to the upside. Very nice move, but now we’re coming into very strong staggered resistance. The first one I would be very mindful of this week is 13195 this is going to be followed by 13268 and again, our major, major level is going to be 13378. But it’s going to take some pretty fantastic news out of the UK on Brexit to get it going up that high.

If anything after this big move up on Friday, I suspect that we’re likely going to get all tangled up between 13260 and 13194, so shorts carry a slight edge. But we’re going to wait until we get a signal from VantagePoint, our RSI turning down, our predicted differences turning down. That hasn’t happened yet, but when we look at our long predicted here, our main intraday pivot at 13052, I do suspect at some point over the next 24 to 48 hours after the market opens on Sunday night, that we will retest, at a very minimum retest this level.

U.S. Dollar/Japanese Yen (USD/JPY)

Now with Dollar/Yen going into next week, very, again, the power in the VantagePoint software is to provide us with direct inner market correlations, and of course intraday pivot areas, whether you’re a short, medium, or long term trader. So if we look at this right now, again, we’re getting all tangled up in the Dollar/Yen at 11165. We’ve repeatedly bounced into this Vantage Point pivot area and failed. However, we have very, very strong support down to the 11084 area. And essentially if we look at are our direct inner market correlations, for example, stronger equities, weaker gold, this does not benefit the Yen. So we could see a very good long trade opportunity.

We’re already getting an early warning sign from the medium term crossing the longterm predicted difference, but we’ve got to get some momentum building here. But again, as long as we’re holding above 11084, the biased, believe it or not, still maintains to the upside. Once again, when we look at our long predicted here, this is one of the classic strategies that I teach in the VantagePoint, live training room and to my own direct clients, we can see the market in constant contact with the predicted moving average. Selling into that area on a daily basis very, very profitable guys.

But if we can break above 11157 that will immediately take us back to the 11237 so that’s what we’re looking for here. But first and foremost, we have to hold the 11084 area.

The Commodities Currencies

U.S. Dollar/Canadian Dollar (USD/CAD)

Now as we move into our three main commodity currencies, starting with, of course us/Canada, this pair obviously driving traders crazy. We’re in a very identifiable range, guys. Don’t lose sight of that, okay? The top side of that is just above 134. There are immediate range support is coming in at 13376. With oil prices falling, the probability is we’re going to go higher.

And if we look at our oil contracts, again, we’ve got a sell signal on oil. If oil continues to move lower, that will push US/Canada higher, the direct inner market correlation. So once again watch your support levels. We’re going to be looking at our, our neural index is still pointing down. But if the area between 13376, and this additional area at 13274, this would right now in my respectful opinion be the buy zone. As long as gold is going lower and oil is going lower, guys, US/Canada is going higher.

Australian Dollar/U.S. Dollar (AUD/USD)

The same can be said here for Aussie/US and New Zealand/US. Aussie/US is likely going to come under more selling pressure this week. The fundamental event risk, we’ve got the RBA, I forget which day it is, I think it’s Tuesday night, so I don’t see any kind of hawkish rhetoric coming out of the Royal Bank of Australia. I’m not seeing that at all.

So the likelihood is we retrace a little bit towards the 7043, 7070 area and then we fail at that level. Classic case again of buy the rumor, sell the fact. They buy the Aussie going into the announcement and then they dump out of it the second they get the news. So be careful of this one but there’s been a very good corrective buy signal this last past week on this. But we just couldn’t clear the VantagePoint medium or long predicted. You can see that we’ve got a verified zone, has now shown itself inside of the VantagePoint predicted moving averages.

That level now coming in at 7068, so we would have to break free and clear to take the pressure off the downside. And I’m not seeing anything on the horizon that’s going to do that.

New Zealand Dollar/U.S. Dollar (NZD/USD)

Now, when we come to New Zealand for next week, it looks pretty much mirrors Aussie/US here guys that key pivot area 6680. New Zealand is the stronger of the two. What I’ve recommended with my own direct clients on this particular is instead of trading Aussie/US and New Zealand/US, we can always look to Aussie/New Zealand, short Aussie/New Zealand. There may be a very good play there.

So we’ll be looking at that one also. But right now, the three main commodity currencies, the CAD, the New Zealand and the Aussie are likely going to come under pressure if the commodities like oil and gold, keep moving lower, so will these currencies. So with that said, this is the Forex Weekly Outlook for the week of May the 6th, 2019.

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Vantagepoint Hot Stocks Outlook for the Week of May 3rd, 2019

Forex stock trading

Hot Stocks Outlook for the Week of May 3rd, 2019

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 Tyson Foods ($TSN), Dicks Sporting Goods ($DKS), Baker Hughes ($BHGE), Haliburton ($HAL) and Encana Corporation ($ECA).

 

 

This Week’s Hot Stocks Outlook

Good afternoon traders and welcome back to the Hot Stocks Outlook for May 3rd, 2019. Hope you’re all having an excellent week in the financial markets and, as always, plenty of great opportunities to cover here. We’re going to start here. We’ve got Tyson Foods, Dick’s Sporting Goods, and a very important theme I want to go over within the oil and energy space, and how you can identify really these inner market relationships taking hold of a big chunk of the market and opening up a lot of opportunities.

Tyson Foods ($TSN)

Tyson Foods. ($TSN)  But let’s start out here with Tyson Foods. And what we have here are daily bars, so each one of these bars represents a full and complete trading day. So you can see we’re going back quite a bit to the beginning of March, but against that price data, you see that there is a black line and also a blue line. Now the black line that you see against the chart there, that is a regular or what we refer to as the actual simple moving average, and it’s a very common technical indicator, you can get it in just about any trading platform. But what it does is it takes the last close prices, adds them all together and divides by a particular number, and it acts as a good barometer of where prices have been. But of course, we have to understand where are prices going next.

So what we want to do is compare that value, that black line, to this blue line value. And that value is generated via the artificial intelligence found within vantage point. And what it’s doing is it’s looking how other related markets, up to 30, 35 other markets like ETFs, individual stocks, the dollar index, commodities, all affect and influence the future price of Tyson Foods. And what it’s able to do is actually generate predictive data, so data in the future that hasn’t yet occurred, and build that into these indicators, making them forward-looking. So whenever we have that blue line or that predicted moving average cross above the black line or the actual moving average, it’s suggesting average prices are expected to start moving higher.

And as a trader, very simply, we want to go ahead and get long the market. Now, as long as that blue line remains above the black line, the trend is still up. Now, what’s important understand is with a predicted moving average, what is an average, right? You’re going to trade above and below that average at times, but as long as you have this separation between that blue and the black line, that trend is still up. Now, in addition to that a predictive indicator, you’ll also see that there’s a green and a red bar at the bottom of your screen, and this is the predicted neural index. And what it’s doing is it’s a very short term forecast, so looking ahead 48 hours, and it’s often a really great time when you’re in an uptrend to understand when some weakness is coming in. So as long as that blue line is above the black line, you can again look to go ahead and get long, but be prepared for that weakness ahead of time.

And, lastly, to really round out the entirety of these forecasts is the predicted high and low range, which is actually a predicted trading candle produced before each and every trading day. So you see before this trading day comes in, you’ve got a prediction of the high, a prediction of the low, and that’s what you can use to manage these trades as the market rolls forward. And you see how this works, that if you’re ready and prepared to be a buyer at these predicted levels, you’re getting picked up and almost immediately these markets are moving into profit here. And again, as long as that blue line or that predicted moving average is above the actual moving average, you want to maintain that position. It’s telling you that the trend is up.

So you see here about seven, eight, nine entries or so and a fantastic opportunity where the markets are essentially moving straight up. And you see this second candle here would have been a day where you’d be looking to be a buyer. Markets up almost 18% in just the last 39 trading days. So really about a couple months time here. Now, it’s important to understand though that it’s not all strength in the market. While the S&P has looked very strong, there is some weakness out there. And so you want to find those areas where you can actually look to go ahead and short the market.

Dicks Sporting Goods ($DKS)

And you see that in this area of Dick’s Sporting Goods, we get this crossover to the downside, really in the midpoint of April there. And really there’s been a lot of stocks that have really been moving much, much lower.  You’ve got things like Skecher, Checkpoint Software, some of these things with big gaps on the chart, and you want to know where to avoid these certain instances. So here in Dick’s Sporting Goods though, we have a crossover to the downside. You can actually scan through the software and identify all these fresh crossovers that come through. But recognizing that, look, you do not want to be long here. If anything, look to short the market. And again, use those predictive tools like the predicted highs and lows to determine, okay, well if I’m coming in intra day, what’s a good level for me to take these positions. And you see how the software adapts moving forward and lets you know, hey, what do you need to be prepared for? Overall, the trend very much to the downside here, but you see two entries really at the beginning of this trade and this market moving much, much lower. And now we’re really starting to see some market weakness.

You really, really need to have some hedges out there and some areas where you’re short the market. As we see oil prices really starting to turn around, had been in a four-month uptrend, starting to turn around, in addition to some of these oil stocks. You’ve got things like Dick’s here down over 10% in just the last nine trading days. So great opportunities to trade some options, limit that risk via the options market, but really capture a significant move as these markets move lower.

Now I really just want to touch on this theme of what’s going on with oil because we had such a great rally for four months straight since the beginning of the year. Same with stocks, they’ve really been in tandem, moving straight up. But here in Baker Hughes, you see that, okay, well we’ve gotten this crossover to the downside and you have these periods where the neural index will become a little bit bullish. And you’ll see you’ll get that volatility, but the blue line is still very much below the black line here, signaling that the trend is still down. And so when you see these areas and you understand, okay, well what’s going on here in this stock? What’s going on in energies more broadly, you can start to build a case and know where you should focus your attention. So again, you see, within a couple of days of these predicted highs being reached, oftentimes intra day, you’re moving into profit and we’ve got one, two, three, four, five, six, seven, eight entries as this trend continues. So imagine being able to trade with profits, use the profits you’ve accumulated to add to your position and really minimize the risk, but capture some of this downsides. So you’ve got a 15% decline over $4 per share on a $20 stock, a very significant move. And now you see oil prices really starting to move lower pretty aggressively.

 

Baker Hughes Corporation ($BHGE)

Haliburton ($HAL)

And you see, when you’ve got things like Baker Hughes … We come over to Halliburton here. Well, okay, well more crossovers in the energy space. A crossover to the downside again, so what do you want to be doing? You see the neural index just saying down, down, down. Well look towards your predicted highs. And you see you get these really nice entries and the ability to target the predicted lows as an intra day trader, but not lose sight of that trend. Because when these trends really pick up, sure enough, you’re going to blow past those intra day levels and things can get really, really bearish very, very quickly. So you want to make sure that you understand, hey, the trends have changed. Now let’s go ahead and look to actually short the market. We see this market off 12% in seven trading days and you see more recently understanding energies are getting weak, where do we want to look to trade?

 

Encana Corporation ($ECA)

Well, here’s Encana here, crossover to the downside, lot of weakness signaling, okay, well predicted highs, where do we want to be short? This is a great area intra day to be short. So you’ll see a lot of times with these predicted levels that yeah, you’ll move a little bit past the level, but then you’re closing below that level. And so as long as you can deal and manage your risk in a way that you can deal with volatility over a couple of days, you’re going to be taking excellent entries into these markets and you see these things really starting to, I would imagine we’re at this predicted low already here, and things moving off. Again, that’s a 12% move in three trading days. So very significant things happening out there in the equity space. You want to be prepared. If you’re still in an uptrend from the beginning of the year where we had all the stocks turn up, great, but things have started to change over the past couple of months. And you’re seeing that weakness in the S&P really slowing down to the upside and energies just seem to be completely reversing.

 

So again, some really great opportunities. Best of luck to all you traders out there in the markets. Of course, thank you all for watching. Once again, this has been our Hot Stocks Outlook for May 3rd, 2019. Thanks again, and bye for now.

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Vantagepoint Forex Weekly Outlook for the Week of April 29th, 2019

Forex stock trading

Vantagepoint Forex Weekly Outlook for the Week of April 29th, 2019

The Vantagepoint Forex Weekly Outlook is designed to help traders.  It’s important to remain aware of correlations in the global markets. Traders can become more profitable if they know how to get ahead of the trends. Utilizing the predictive indicators in VantagePoint Software can help traders find the right trades and the right times. Above all, traders know when to enter and exit those trades for maximum profit. Let’s look at the charts for the U.S. Dollar, Gold, Crude Oil The Stock Market and the Major Pairs.

The US Dollar Index

Hello everyone, welcome back. My name is Greg Firman and this the Forex Weekly Outlook for the week of April the 29th, 2019. Now, to get started this week, we’re going to begin where we always do, with that very important U.S. dollar index.

Now, the dollar’s had a pretty good run here but we’re coming into a very heavy week of economic data, with the FOMC, we’ve got the non-farm payroll number on Friday. And as we can see, the dollar is starting to pause at these most recent highs. Those highs are coming in around 9756, but using the vantage point verified resistance zones, we can assess here that we have, actually, significant resistance at or about the 9765 area. Now, once again, when we look at things in the short-term, we see one thing, but when we come out a little bit further, we can assess that we have very, very significant resistance at 9759. Once again, going back and looking at these levels, it can tell us that it’s not a free ride up here. There’s no free lunch, actually, in trading period, but when we look at the dollar, there is significant resistance up here. Now, the dollar’s made a good rally, but, more than likely, what we’re going to do is correct lower ahead of these key economic announcements.

The Gold Market

When we look at some of the counterparts to the dollar, when we look at gold with a little bit of weakness in the dollar, gold immediately responds. We’ve got a good base down here at 1267, but again, if we look a little bit further, we can see that gold is very much within the same range, unless we break down below 1258 or, more importantly, this level down here, around 1219, we’re still in the broader trading range. We buy the bottom, we sell the top, but right now, we’re pretty much smacking dead in the middle of the range. Our key vantage point level, our T-cross long, 1288, we’re looking for a break of that area, but once again, when we look at leading indicator versus lagging indicators, the medium-term crossing the long-term predicted difference, when we’re combining that with the neural index and the predicted RSI, all of that was suggesting gold is going higher this past week, and that’s come to fruition.

However, we now need to clear, make a clean break of 1288, and get above this. But, in the week coming, with the FOMC, we’re expecting a dovish FOMC, we may not get it after that GDP number. The GDP number wasn’t great, it was good, but it wasn’t bad, either. I think that the fed is going to have to start looking at that. We could see different rhetoric coming from them. We want to keep an eye on that, but right now, gold is absolutely catching a bid here.

Forex Weekly Outlook for Major Pairs

S&P 500

With stocks, the million-dollar question that everybody’s asking is, can we take out these swing highs? In most cases, what happens here, guys, when I come back here a little bit further, we’re going to come back to see where that verified zone is, this is at the all-time high, this is up around 2953, we’re still yet to break above that area. In most cases, even when we do set a new high, often the market crashes … shortly thereafter, the market crashes. Once again, vantage point’s been warning that this equity market rally is maybe not as strong as what it looks, we’re kind of moving sideways right now, we’ve had a big move up on a Friday, but again, the earnings have been decent, not great. They’ve been pretty good, but again, nothing goes straight up and nothing goes straight down here, guys. That’s the one thing we want to remember.

And is there any life above 2900, or above 3000? In my respectful opinion, probably not, but again, we’re going to have to see. The equities are still strong for now. As long as the fed remains dovish and on hold, that’s actually helping the equities.

Crude Oil

A leading indicator for the equity market, of course, is light sweet crude. Light sweet crude also has put a very strong top in place here at or about the 6660 level. We’re failing miserably off of that, we’re crashing down now below that critical vantage point level, 6377. Looking at oil, if oil is moving lower, chances are, stocks are going to follow very soon. Always keep that in the back of your mind.

Euro/U.S. Dollar (EUR/USD)

As we move into our main Forex pairs, we’ve got an interesting week ahead here. The reason I say that is, most of your currency pairs are still within the overall range here. When we look at Euro-U.S., basically, I’ve been talking about this level for some time now, we’ve broken down below 111, 111-76, but we’ve got additional support down here that a lot of market participants are maybe ignoring to some degree. That level that I’m looking at down here, of course, is this level down around the 111-43 area, we’ve got good support there, but right around the 111-17 is the area that I would really keep my eye out.

You can see right here, I’m just moving over here slowly, about the 111 here is this overall range bottom. The range top is very easy to see here. That’s coming in about 124, so as we move down into the lower part of this range, we are likely going to see some kind of buying step in. This is where we want to watch the vantage point indicators very closely, our medium-term crossing our long-term predicted difference. If we can make that cross with the neural index, the RSI starts rising, we should see at least a corrective move higher on the Euro, back towards the 112-28, prior to the non-farm payroll. The flip side of this coin is, if we get a less dovish fed, and we get a good non-farm payroll number, we should expect the 110 level or lower on Euro-U.S. always keep that in mind, but right now, the vantage point indicators are suggesting that we’re stalling out here, and, if nothing else, we’re going to correct higher in the in-term prior to this major economic data.

U.S. Dollar/Swiss Franc (USD/CHF)

When we look at the U.S.-Swiss Franc, if the Euro-U.S. can push a little higher, U.S.-Swiss Franc, excuse me, should cool off. Now, when we look at this, we’ve got verified resistance. We made a big push up, we’ve retested this level at least three times in this 102-30 area, and we have failed every time.

Our medium-term crossing our long-term predicted difference has been warning us for the last several days that this upward move is not strong. Our neural index is turning down, but very seldom do we see the predicted RSI at 94.1. Heavily overbought. Likely going to see a corrective move back towards somewhere between the 101-73 and the vantage point key reversal point, the 101-11 area. Again, keep an eye on these two areas, we could have a good short trade here for next week.

British Pound/U.S. Dollar (GBP/USD)

Now, with the British pound taking a bit of a hit on rumors on Brexit again, but once again here, guys, always remember, as I’ve stated very clearly in the vantage point live training room and with my own direct clients, make sure you know your levels and your ranges. Right now, the British pound-U.S. dollar is in an identifiable range between 127-73. The top side of that range is about 133-78. As we move down towards 127-70, longs definitely could be in play. Speaking of that, we have a signal on that right now. Our medium-term crossing our long-term predicted difference with our neural index and a rising RSI suggests that we are going to see, potentially, a corrective move back towards the 130s. Watch this area very closely, guys. Again, we could have a decent long trade here regardless of U.S. dollar strength or weakness.

U.S. Dollar/Japanese Yen (USD/JPY)

With the dollar-yen, again, I’ve been watching this and talking about this level around 112-12, basically since back in early March. We still haven’t been able to make a sustained break and close above that level. We had a false break back here on Wednesday, I believe it was, where we shot up to 112-40 near the end of the trading day, only to reverse lower yet again. Now, if you’re an equity trader, you also want to make sure you’re watching this very closely, this bear, because, if dollar-yen crashes, and U.S.-Swiss Franc move lower, those are leading indicators for the SNP-500 and the global stock markets that they’re not strong, that they could be getting ready to move lower. Watch these levels. Right now, the bottom end of this particular immediate range on dollar-yen comes in the or about the 110-84, so it looks like we’re on our way back down to that area as long as we hold below the key vantage point pivot area of 111-71. But the majority of the indicators from vantage point are suggesting dollar-yen is going lower. But again, this will be a very, very choppy week, with the FOMC and the non-farm payroll. You can expect volatility in the dollar-yen pair.

The Commodities Currencies

U.S. Dollar/Canadian Dollar (USD/CAD)

Now, as we move into our three main commodity currencies, U.S.-CAD make a good run up after the Bank of Canada, but as I was talking about in vantage point’s live training room, that often it’s a buy-the-rumors, sell-the-facts. They’re buying thing, they’ve pushed it higher, but it’s done absolutely nothing since. The very next day, after the Bank of Canada, we kissed that same level, and down we’ve come. Ahead of the major event risks this week, we’re likely going to see a corrective move back towards 134. If we hold 134, then we could still see a move back towards major resistance around 136, but again, the medium-term crossing the long-term predicted difference with the neural index and a falling RSI suggests we are going lower, at the very least in a corrective nature. Now, when we look at Aussie-U.S., if U.S.-Canada is going lower, chances are, Aussie-U.S. is going to be going higher. Once again, the advantages of using the verified support and resistance zones is that they draw this line right onto the chart, and you can see that, three days in a row, we’re kissing this level, approximately down at this low, around the 70-10 area, three days in a row, we couldn’t get through it.

Australian Dollar/U.S. Dollar (AUD/USD)

This support level, again, as identified by this powerful new indicator from Vantagepoint, this level has been identified since March the 8th. Essentially, we’ve pushed up, we’ve hit the top of the range, where we were happy sellers, I’ve talked about that area, up here selling into this resistance over the last several weeks, all those trades worked quite well. Now we can potentially look at longs, but we need to hold above the 70 level, guys. If we lose the 70 level, we could have even further trouble, but again, we’ve got significant headwinds up here. 70-82 and 71-04, and of course, major resistance up here at the 71-90 area. Again, the critical part of trading, guys, is not throwing 50 different indicators onto the screen, but knowing your key levels. Combining intermarket analysis with price action. It’s a winning combination, guys. When we look at the Aussie-U.S., right now, in my respectful opinion, it’s a corrective move higher, but Aussie is also responding to higher gold prices. If gold is moving higher, chances are the Aussie and the New Zealand are moving higher.

New Zealand Dollar/U.S. Dollar (NZD/USD)

When we look at the New Zealand, we see the same thing. The New Zealand has put a nice little bottom in down here, a nice little potential double bottom right there. We can see that area’s coming in at 65-81, so longs carry a slight edge here, guys, while above 65-81. We can see, again, our medium-term crossing our long-term predicted difference, but we want it with the neural index. You can see we’ve been red, we’ve recently switched to green. Now the market’s moving higher, we’ve got a rising RSI. These are all moves indicative, again, of a long, not a short. But we must clear some of these critical vantage point levels. The medium T-cross medium, 66-66 in our T-cross long, our critical pivot area. 67-07.

We need to get above that area and close above it. But even if we do, guys, we’ve got additional headwinds with these verified zones, the first one coming in at 60-82, then we have additional resistance that’s going up towards 68-37, and our final resistance at our about the 69-24. Once again, guys, an event risk-heavy week, with the non-farm payroll number and the FOMC. We’ve got a tricky week, but even with those kind of announcements, there is always opportunity if you know your levels. With that said, this is the Forex weekly outlook for the week of April the 29th, 2019.demo

The post Vantagepoint Forex Weekly Outlook for the Week of April 29th, 2019 appeared first on VantagePoint.

Vantagepoint Hot Stocks Outlook for the Week of April 26, 2019

Forex stock trading

Hot Stocks Outlook for the Week of April 26th, 2019

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 The Children’s Place ($PLCE), Wheaton Precious Metals Group ($WPM), Incyte Corporation ($INCY), Spirit Airlines ($SAVE) and ConAgra Brands ($CAG).

 

 

This Week’s Hot Stocks Outlook

The Children’s Place ($PLCE)

The Children’s Place. ($PLCE)  is an American specialty retailer of children’s apparel and accessories. The company also markets apparel under the Children’s Place, Place, and Baby Place brand names. They have a market cap of $1.7 billion. Over the last year, they have had a trading range of 82.05 on the low and $160.23 for the high.  20 sessions ago the predictive crossover and NeuralNet indicator signaled an uptrend.  In that time frame, the market has rallied sharply.  PowerTraders are sitting on healthy profits of over $21 per share.  Any weakness below the predictive blue line has been a great opportunity to get long.  Swing traders have had numerous opportunities to aggressively position themselves for short term gains by selling the predictive highs.  NeuralNet remains green indicating that more of the same lies directly ahead.

Wheaton Precious Metals Group ($WPM)

Wheaton Precious Metals Group ($WPM) has a market cap of 9.51 billion.  Over the past 52 weeks, it has traded as low as 15.08 and as high as 25.24.  This stock is a good indicator of the weakness we have been seeing across the precious metal sector.  17 days ago the artificial intelligence signaled a downtrend.  In that time frame, the market has fallen over 10% or $2 per share.  Predictive moving average is negative.  NeuralNet is also red indicating weakness.  Swing traders have been shorting this market as this stocks rallies into the red zone.   Power Traders are very effectively using the predictive highs to get short this market and cover their positions at the predictive low a few days later.

Spirit Corporation ($SAVE)

Spirit Airlines along with other airlines are doing well.  Over the last three weeks, the ai signaled a bullish signal when the NeuralNet and predictive moving averages turned up.  The market has rallied roughly 10%.  PowerTraders are using weakness into the green zone to buy this market and sell into strength at the predictive highs.  At the present time, all systems are green indicating more strength is anticipated ahead.

INCYTE ($INCY)

Incyte Corp is an American pharmaceutical company based in Alapocas, Delaware. The company was founded in Palo Alto, California in 1991 and went public in 1993. They have a Market Cap of $15.84 billion. A nice opportunity to short the market. The NeuralNet indicator is also Bearish. Past 12 days has shown a 10.69% decrease. Power traders are expecting more weakness ahead.

ConAgra Brands ($CAG)

ConAgra Brands ($CAG) over the last year has had a 17 point range.  The artificial intelligence signaled a bullish uptrend 28 trading sessions ago at $23 a share.  Currently, the market is over $31 a share and PowerTraders are clearly in the drivers seat.  Over the last 24 trading sessions, the market has rallied sharply.  NeuralNet and the predictive moving average crossover are positive.  Use weakness to get long.  Higher Highs and Higher lows are the textbook definition of an uptrend and we are seeing that in this market right now.demo

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