Summer panic often sets in around the 4th of July. The warm months are ticking away and traders want to maximize the last few months before the holiday season sneaks up on them. Come August, traders don’t want to be spending days in front of their computer trying to pick hot stocks, they want to be outdoors taking advantage of the heat.
While summer markets can be precarious, the current market environment provides favorable conditions for selective stock buyers. Despite all the recent back and forth trading action, over 25% of NYSE stocks hit new 52-week highs in the last two weeks. That’s a pretty impressive bullish indicator to counteract the omnipresent fear of a summer slump and a host of other negative drivers including the “Brexit” vote.
But this massive wave of new highs doesn’t tell you if you should buy into the market right now, let alone which sectors and stocks, in particular, you should buy. That’s something only a uniquely honed trading system like VantagePoint Intermarket Analysis Software can do.
Fundamentals, seasonality, and most traditional technical analysis can’t compete with VantagePoint’s patented trend forecasting abilities. The proprietary and patented market-leading forecasts put bulls ahead of the rally to get you in an upward trending stock before most other traders know what’s happening.
How is this possible?
By utilizing artificial intelligence to identify intermarket relationships to quantify the impact that outside market drivers have on the stocks you want to trade. That technology has led to a software that can predict market movement with up to 86% accuracy.
Here are 5 hot stocks that have recently started to heat up in a variety of sectors. From a big box retailer (COST) to a resort and entertainment conglomerate (WYNN) to a technology communications company (EGHT), VantagePoint traders would have been able to profit from the big up trending moves in these stocks. Were you aware of these stocks, and if so did you get into position as soon as VantagePoint users did when they saw the crossover?
Hot Stocks #1 – Costco Wholesale ($COST)
$COST saw a crossover at the end of May and has remained bullish ever since. The price per share has grown more than $20.
Hot Stocks #2 – 8×8 Inc. ($EGHT)
$EGHT has been bullish for quite some time. After a volatile start to May, this relatively cheap stock has seen it’s price climb from $11.60 to nearly $14 since the last crossover.
Hot Stocks #3 – Stericycle ($SRCL)
Traders without VantagePoint might have been tricked out of their long position when $SRCL showed some consolidation in late May. But without a crossover, VantagePoint users have continued to reap the benefits of a bullish trend nearly 30 days and counting.
Hot Stocks #4 – Taser ($TASR)
A bullish trend that started in early May just ended earlier this week. But not before the stock price rose by more than $4 per share. A recent crossover to the downside looks like it may be nothing more than a hiccup as our patented PMA isn’t gaining any separation from the SMA.
Hot Stocks #5 – Wynn Resorts ($WYNN)
Long positions have been riding $WYNN since the latter half of May. We do see some consolidation of late, but without a definitive crossover and a strong neural index, traders will be paying close attention to see what VantagePoint says in the coming days.