Vantagepoint A.I. Hot Stocks Outlook for March 24, 2023

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The Hot Stocks Outlook uses VantagePoint’s market forecasts that are up to 87.4% accurate, demonstrating how traders can improve their timing and direction. In this week’s video, VantagePoint Software reviews forecasts for L3Harris Technologies($LHX), Goldman Sachs ($GS), KeyCorp ($KEY), Texas Instruments ($TXN), Phillips 66 ($PSX) and AMD ($AMD)

Hello, again traders and welcome back to the Hot Stocks Outlook for March 24th, 2023. Hope you all are having an excellent week out there in the financial markets and as always, plenty to cover here in today’s outlook. And make sure if you haven’t already, that you go ahead and click on the link available in the description below and you can actually get a live demonstration about how this specific technology can help you make better trading decisions day in and day out in the marketplace. So, what we’re going to do here today, we will start out, we have shares of L3 Harris, Goldman Sachs, Key Corp, Texas Instruments, Phillips 66, and we will end on AMD. So, a good mix of some energy and tech financials here.

L3Harris Technologies($LHX)

But let’s start out with L3 Harris. It’s a really good example of how all of these tools work collectively to really offer traders that overall forecast of where prices are likely to move.

So, what we have here is daily price action. Each one of these candles that you’re seeing represents a full and complete trading day in the marketplace. And right up against that price data, what you will notice is there is a black line value and a blue line value there. So, what that black line is actually it’s a simple moving average. This is a very common technical indicator, and in this case, what it does is it actually looks back at the previous 10 close prices. It will add those all together and divide by 10. What that does is it smooths out the existing price action for the trader and lets a trader know where have market prices have been over a given period of time. But obviously, traders need to be ahead of that next move in the market. And so what vantage point users are able to do is actually compare that black lagging moving average or simple moving average to this blue line proprietary predicted moving average.

For this number to get plotted and calculated for the trader every evening, this is where that technology of artificial neural networks comes into place and they’re performing what’s called intermarket analysis on the target marketing question. So, what that means is there are known market drivers that influence and affect the future price of L3 Harris.

Now, those can be obvious things like the broader S&P 500, it can be individual ETF groups that group together a big sector of the marketplace, it can be individual stocks that share subtle relationships whether it be technology communication stocks, it can be things like the dollar index or global interest rates all the way down to individual global commodities like the gold market or silver or oil prices. And what it’s able to do is look at how all those other market relationships are affecting the future price of, in this case, L3 Harris and it generates a highly accurate predictive forecast.

So, it’s essentially generating predictive prices on where things are expected to go. It’s those predictions of prices that are actually used to construct these indicators. So, rather than have rearward-looking indicators that really get dragged around, what we have is a combination of forward-looking predictive tools, whether that be with our predicted moving average that gives us the overall trend direction or these other indicators that you see at the bottom of the screen and also our predicted range that we looked at each week. So, let’s go ahead and look at the entirety of the forecast here. We can see that once that blue line crosses below the black line, it’s suggesting average prices are expected to go lower, but that’s not the only problem that a trader may have, right?

Traders need to understand, well, where their short-term strength or weakness come in the market. What are particular price levels that I may want to be aware of? Well, that’s where this bottom indicator at the very bottom of the chart, you see it can go from green to red and back to green. This is updated every single trading date. And what it’s doing is actually generating a highly accurate 48-hour forecast of short-term strength or weakness in the market. So, what you will notice is when that neural index gets bullish, you get a little higher highs and some sideways price action, but you can use those other tools to get that sense of, okay, well what is the overall trend? Sure, we may be getting a little bit of strength here, but what should my overall position be?

So, to really round this out, we can actually look at those predicted highs and lows. So, on top of that 48-hour forecast, you’re provided a prediction for the high and low for the next trading day before it occurs. And so this is what we do each week as we come in and look at how accurate those predictions were against the actual market data. And you can see that if you identify an area where potentially want to go ahead and set short positions, ideally you would want to look up toward the predicted high and target levels like these predicted lows. As long as that blue line remains below the black line, suggesting average prices are going to remain moving lower. This is what allows traders to really understand, “Hey, where is the strength or weakness in the market? How can I create that hedge portfolio here?”

But here’s L3 Harris off about 10% in just 12 trading days. So, these are some serious moves happening and you really want to be on the right side of this stuff. So, let’s go ahead and continue on.

Goldman Sachs ($GS)

Let’s look at Goldman; obviously, a very important stock here, and we talked a lot about the very important shifts in the marketplace that traders need to be aware of specifically in that financial space. But you can see that as the market is moving higher, blue line over black line, look at this neural index indicating that there is strength over these subsequent 48-hour periods. The trend is up. But you’ll notice that that neural index starts to go bearish. We get that shift to the downside and now we can see again how accurate all of these predictions have been for several weeks now, right? This did not happen yesterday.

This has been going on for a while. And if you’re wondering, “Okay, well should I be shorting financials? What should I be doing here?” Well, it has been pretty clear as far as the software’s output, even after a lot of this volatility comes in, you see how effective these levels are at helping the short-term trader or a trader potentially managing that longer-term position. But here we see a pretty aggressive decline here in shares of Goldman.

KeyCorp ($KEY)

We will go ahead, we can take a look at Key Corp just to sort of drive home that you can really see these important shifts when they happen, especially in a particular sector of the marketplace.

It makes it easier to position that portfolio. Maybe be short in some of the financials and even energies show some weakness and potentially get long in some other areas like Facebook last week. Here is Key Corp again driving this home that there is a lot of weakness in these financials. And you see how effective the short-term forecasts are, right? That neural index gets bullish. It’s only indicating short-term strength over the next 48-hour period, but as long as that blue line remains below the black line, you see all those forecasts get bearish. Watch out because momentum is certainly picking up in some of these areas of the marketplace.

So, once again, we’ve got shares of Key Corp; obviously, very similar to Goldman. Many of these financials have a real problem and opening up an opportunity to the downside with about a 42% decline in just the past 28 trading days. A tiny position there has [inaudible 00:06:21] pretty good.

Texas Instruments ($TXN)

Now moving on, we have Texas Instruments and we highlighted things like Facebook and even AMD and we will go ahead and look at that here, but we’re seeing some strength in the text space, but you got to be super, super careful here. And so we see over the past few weeks here in Texas Instruments, you get that blue line crossing above the black line.

A lot of sideways price action here. But what I wanted to bring in was these predicted highs and lows. So, when the trader has all of these levels ahead of time, it makes it pretty clear to understand what you might want to be doing in the market, what you need to be aware of as far as short-term price action so you can get that position on and exploit that opportunity.

So, here, Texas Instruments a little bit of a move, just really bringing this to highlight that we have seen strength over the past few weeks in the tech space, but I do warn you that we’re seeing a lot of warning signs broadly throughout the marketplace and it would make sense to be careful. Here is one of those warning signs, right? Energy actually going very poorly here. This crossover to the downside neural index is bullish. So, you get this higher high over the next 48 hours.

Here again, here, are some higher highs, but do you want to be a buyer here? Well, I would argue no, we only want to look to be shorting up at these predicted highs, taking profits on shorts. And this can help you if you are trading energies or trading crude oil. I mean, it makes it very clear is, okay, well how much strength is there across the board in that commodity, but also the individual shares.

Phillips 66 ($PSX)

And with Phillips 66, this is also a good example of one of those inter markets, things like oil and a lot of those energy sector ETFs and all that coming into play and helping produce a highly accurate forecast if traders want to participate in the oil space here.

AMD ($AMD)

And lastly, we’ll go ahead and look at AMD and very popular stock here. Again, just coming back to tech, but seeing an extreme difference in what you’re seeing on these charts. You do see a lot of warning signs out there as a lot of these markets are downward trending, again, it shows that weakness here. But here in AMD, clearly, you do not want to be short here, crossover to the upside, a little blip from the neural index. There is your short-term weakness. But overall, we see a ton of strength out of this forecast and a really nice move to the upside. So, getting these levels pretty much every day that says, “Okay, well if you want to be a buyer, look down at these prices and shoot for those upward price targets.”

So, we can look at the overall move here before we go ahead and move forward. But about a 25% move in just 16 trading days. Some very extreme moves out there have really opened up some great opportunities to put things into the portfolio. But as I said, we got to be very, very careful out there. There are certainly some warning signs and it makes sense to have those hedges in the portfolio and some defensive posture in some particular areas of the marketplace. So, we’ll go ahead and leave it there. Once again, this has been our Hot Stocks Outlook for March 24th, 2023.

Thank you all for watching. Best of luck and bye for now.