Category: Stock

Welcome to the Artificial Intelligence Outlook for Forex trading.

VIDEO TRANSCRIPT

U.S. Dollar Index ($DXY)

Hello everyone. Welcome back. My name is Greg Firman and this is the VantagePoint AI Market Outlook for the week of November the 21st, 2022. Now to get started this week, we’ll begin where we always do with the US dollar Index. Now very few sellers of the dollar in general this past week. We can see that after the volatility of the previous week, we’ve got the PPI number. The Fed can officially start counting, in my opinion, as the best language that I could use by, because we’ve got a slightly lower CPI number and a slightly lower PPI number. However, the Fed has been very, very clear on his position, despite the fact the media keeps spinning this, that the Fed is going to pause, he’s not going to hike any further. The Fed has said no such thing to dispel that myth right now, the Fed has actually, Bullard has come out last week even further hawkish suggesting they could be going to five, even 7% before inflation is under control.

So that narrative that the Fed is going to pause is extremely unlikely, but the event risk this coming week will of course be the Fed minutes. So we will get a better insight as to what the entire committee thinks in which way they’re going. But in my respectful opinion only they’ve been crystal clear as to what they’re going to do and they’re not budging from their 2% inflation target. So the dollar pausing out here, it is a holiday short next week, a holiday, short week, next week, excuse me, with the US Thanksgiving. Notoriously volatile week. So the dollar here we have, the way the charts are set up, I’ve got the neural index with the neural index strength, the predicted differences, the medium and long term predicted differences, and this is what will be used for this week’s presentation. With of course, the verified zones and the weekly, the monthly, and the yearly opening price.

So the dollar’s still in a very firm up trend. The yearly opening price, 95.64, that is indisputable. When we look at the dollar, the dollar has been extremely bullish the entire calendar year. Right now, we’ve got a newly formed verified support low that’s coming in at about 105.34, and that is very, very close to the 200-day moving average. Also that the market will be watching very closely. We briefly dip below it and then immediately move back up. So the structure right now, our TCross Long 108.86, we have again the neural index strength. Now this is the difference. The neural index is red, green or yellow, red being down, green being up, yellow being cautious like a set of streetlights. But the neural index strength itself, it allows us to see inside the neural index as to whether it’s continuing to slope down or it’s slowly reversing the other way.

So when we look at this, you can see that the neural index started rising right at the beginning of last week. We had another dip, but the neural index continued neural index strength, excuse me, continued to advanced higher. Then finally, we broke above the zero line, and now our neural indexes turned green. We look at the medium term crossing the long term predicted difference, which is telling us that if nothing else, the dollar is going to correct higher, potentially back towards this 108.86. Or in the alternative, I could make the argument that this is a corrective move lower in the broader up trend and the dollar is going to now resume its up trend. That is entirely possible, but we need those Fed minutes. I think first, if we see the dollar mysteriously gaining strength prior to Wednesday, excessive amount of strength, I would argue that those minutes have been potentially have been leaked.

So monitor price. But right now we know where our support is. Down right around 105.30 and the indicators and vantage point are suggesting the dollar index is going higher. Now, the main intermarket correlation in the markets right now indisputably is if the dollar is going up, stocks are going down.

S&P 500 Index

Now this past week you can see we’ve got the weekly opening price and the S&P once again, basically not making any gains really on the week at all, other than briefly on Tuesday. We could see that the S&P went up to a high of 4028, but that’s also where the 200-day moving averages on the S&P. So we’ve got the dollar index at the 200-day moving average at 105.30 approximately, and then we have approximately the 200-day `moving average around 4020. So that’s where our resistance is, and you can see the stack levels.

Now, the primary trend and the stock market is clearly indisputably down. You can see that the yearly opening price, 4778, the S&P 500 guise has never been positive on the year for any more than a couple of hours back in very, very early January of 2022. So again, when we’re looking at what the trend is, the trend is clearly down. So right now we’ve got our medium term crossing our long term predicted difference, warning us that the medium trend or the corrective move up is again, is losing momentum here.

So right now, we’ll watch this very closely. The support for this week is the TCross Long 3876. What we aim to do, or what I aim to do with these particular videos is move away from some of the short term indicators and keep our long term medium and longer term indicators on the screen so we can visually see them. If you like to use additional tools, I personally don’t, I’m not a big fan of the 200-day moving average, but the market is. So if the market believes that that particular number works, then I should respect that and say, “Okay, well these are our two levels.” In order for a bigger move up or down on stocks or the dollar. Then again, in my respectful opinion, those two levels need to, or one of the levels needs to break on either the dollar index or the S&P 500.

There is about 99% inverse correlation in these markets between these two. So not a lot of stock buyers this past week, earlier in the week. And then after that, down we go again, the Fed, Bullard coming out and again, clarifying to the market. There’s no pivot, guys, I don’t know who’s… The media can say whatever they want, but there is no pivot coming from the Fed, the exact opposite. That doesn’t bode well for stocks. So we can look at this, say our monthly opening here, price is at 3901. So it’s actually mildly positive on the month, but not by much and still firmly below that yearly opening price. So again, I believe that there will be a breakout this coming week on either the dollar or the S&P 500. But if we look at the actual primary trends on both, the dollar trend is up. The S&P is down.

The dollar usually doesn’t do very well in the month of December, but this one could buck the trend because the market is betting for some reason that the Fed is going to pivot and stop hiking, even though he has clearly stated, he’s not. And he’s also stated that he doesn’t care about the unemployment numbers, he only cares about inflation. Unemployment can be up or down, he could care less. Very interesting. I’ve never personally seen that, and it’s been probably 15, 18 years since I’ve seen the S&P 500 unable to get above, at some point during the calendar year, the S&P is unable to get above it’s yearly opening price and stay above it for even a couple of weeks or a couple of months. We don’t even have that this year, guys. It’s been down the entire calendar year. So watch this again, our TCross Long 3876. If we start losing that breaking down this week, then the primary trend is likely going to resume.

Gold

Now, when we look at gold prices here, once again, gold had a big push up with that softer CPI number, slightly softer PPI number, but nothing that would hold gains. So you can see that with using the weekly opening price here, we started to break down below that. But when we look at the neural index here, we can see that the neural index is green. But if we look at the neural index strength, you can see that it’s actually pointing down, it’s sloping down, it’s losing momentum in the market. Then ultimately, we broke under the weekly opening price, and that triggered further gold, probably just profit taking on gold. But again, the question is the US or is there going to be a global recession coming here, which usually favors gold.

But this year, I’m not convinced that gold’s going to make a lot of gains. 1829, the yearly opening price, we’re still firmly below that. Very little is changed, but a lot of this is just speculation that the Fed, but remember what the Fed said, clearly that it will take multiple months of lower inflation. That’s what it will take, multiple months. And that’s why I use the terminology. Maybe we can start to count this, but the count starts at one guys, it doesn’t start at 10 or eight because we don’t have that. So it is going to be likely several months into the first quarter before the Fed even thinks about pausing. So once again, gold is, you can see the gold buyers are getting a little nervous whenever we get close to this yearly opening price. So right now we have a very similar signal here, the MA diff cross.

This is right now, it’s a corrective move lower because we’re above the vantage point TCross Long, but the primary trend on gold right now and this year is actually down. So when we look at this, if I go back, we look at this over the nine month period, even the Russia Ukraine War couldn’t keep gold prices up, and then we broke down here in June below that yearly opening price, and we’ve just consistently made new lows here. So the theory here would be that I could definitely see gold. I would think that gold would be able to get towards the 1800 mark, but now, well, the indicators in VP are starting to roll over to the opposite side. But again, I view this as corrective while above the TCross Long. This is why I only have one predicted moving average for this presentation.

So there’s less confusion around the shorter term crossover. So right now that TCross Long 1718. One of the things I always say is that the further we move away from 1718, the more likely it is we’re going to retrace back to it. And that’s exactly what we’re doing right now. So keep an eye on that. Right now, the weekly opening price for gold is probably going to start around the week around 1750. So gold will have to maintain above 1750 to keep this bullish momentum. But the indicators in VP are saying that is unlikely.

Bitcoin

Now, when we look at Bitcoin, once again, a lot of false information being all us traders or investors is that we hear on the news every day, Bitcoin’s down 70%. See we told you it’s a scam. Remember, when they’re talking about how much something is down, shouldn’t they also be talking about how much something is up.

So yes, bitcoin is down 70% on the year, but even if we look at Bitcoin from say 2016 where it was trading at 300 bucks, 315 bucks, it’s still up 5650%. So what’s happening with FTX, this is mismanagement. It’s not the broader Bitcoin market. You’ve got the Charles Mungers of the world coming out of the woodwork here saying, “See, I told you it was a scam.” Bitcoin’s annualized returns for the last 10 years, 238% per year top investment. So that means Berkshire Hathaway and Buffet and his cronies, that means they missed the best investment over the last 10 years. That’s a little scary that somebody would come on and say, “Well, see, we told you it’s down 70%.” But well wait a minute. It’s still up 5600% from just 2016. And if you go back further than that, it’s up considerably more than that still.

So where Bitcoin goes from here, that’s left to be seen. You can see the neural index strength is very much in a cautionary stage. This is not the time of the year where Bitcoin does well anyway. So again, we will continue to monitor the developments in the crypto market. But in my respectful opinion, the media once again is spinning this with only giving you some of the facts, not all of them. So what I try to do is advocate both sides. The bull argument and the bear argument, yes, we’re down 70%, but we’re still up again 5600% since just 2016. So we remember back in the days of Apple when they had dropped considerably, almost disappeared altogether. And now look where Apple is. So it is tech, it is volatile. But right now, what in my respectful opinion Bitcoin will need is it will need the stock market to rally. Every time the S&P, the Nasdaq, the Dow has gone up, Bitcoin has gone up with it.

That’s a fact, guys, you can put the charts side by side. Bitcoin remains about 98% correlated to the S&P. Even after that, the announcement of FTX going under the S&P rallied the next day, and so did Bitcoin after they said that’s it, Bitcoin to 10,000. It rallied up to 18, 19,000 the very next day. So this is where we’ve got to look and understand intermarket correlations. When we understand that, then we can say, “Well, yeah, Bitcoin’s got some struggles ahead of it, but it’s got a very high correlation to the stock market.” So if the stock market breaks out to the upside next week, then bitcoin would go higher, not lower. But if the stock market breaks down under the 200-day moving average, gets pounded lower next week, Bitcoin will follow.

Crude Oil

Now, when we look at going into our oil contracts, once again, the oil contracts not doing overly well. And again, this could be another argument that inflation is coming down, but oil prices are normally moving in this seasonal pattern at this time, in most cases anyway, you can see it from last year. We moved down consistently until we started moving into January, and then we started moving back up. So again, I think we have to take, or we have to really be careful what media pundits we’re listening to because I don’t think they see the intermarket correlations. I don’t think they’re seeing the seasonality factor of it, but they are promoting everybody to get long stocks, stocks seasonality, stocks are going higher. The chart I’ve just shown you paints a very different picture. So when I look at oil right now, when we look at it, first of all, we’re saying that oil is normally not that strong right now anyway, but the indicators are all still pointing lower.

I would respectfully submit that we keep an eye on this neural index strength indicator because again, it can show something, the neural index can still be read, but you can see here that basically it warns us there’s potentially momentum building in the opposite direction. So that’s something we want to continue to watch. In my respectful opinion, the TCross Long 85.97. Once again, the further we move away from it, the more likely it is we’re going to retrace to it.

Euro versus U.S. Dollar

Now, as we get into some of our main pairs, once again looking at the euro from this past week, very few buyers of the euro up at these particular levels. The one thing we do have to ask ourselves, has anything changed in the Eurozone, in the UK? Is the war over, do they still have an energy crisis? Of course they do. By shutting down those coal and nuclear plants, they shot themselves in the foot everywhere here, and that’s not going to be fixed before the snow hits. So right now, reality check for the euro is what this week is likely going to be.

If the dollar advances the euro is going lower, if the dollar tanks, the euro’s going higher. But you can see that we actually finished the week virtually exactly where we started. We had a little popup there on the PPI number, and then that was quickly put to bed by Fed Mullard by saying that, “Look, we could be going to 7% here.” So right now, I think that there’s going to be… If they’re going to continue to buy the Euro, they’re going to do it very cautiously ahead of the Fed. But if there is a significant breakout on Wednesday morning or late Tuesday trade, then that could mean again, that those Fed minutes were leaked and they’re trying to get into the trade early, or they’re trying to get out of the trade before those fed minutes because they know that it’s going to be a hawkish minutes, which I suspect it will be actually. And if it is, it could be a euro killer.

So I would be prepared for the potential for a move into 1.0141. We have a newly formed verified resistance high coming in at 1.0479. So another scenario that often I see play out here is that when we start the week, we immediately push towards the previous week high and then mysteriously on Tuesday, it goes the opposite way. Be very, very careful of that because right now our neural index, our neural index strength, the MA diff cross again, is warning of dollar strength.

U.S. Dollar versus Swiss Franc

When we look at US/Swiss franc, another potential dollar long area, we see the same signal, the medium term crossing the long term predicted difference, the neural index strength showing a slightly different signal than the neural index itself breaking above the zero line, we’ve got, again, a newly formed verified zone, the yearly opening price, 0.9109. You can see how the markets springboarded off the weekly opening. My only concern is we are considerably lower from the monthly open out at the parity level, but I believe we’re going to go up and test this TCross Long at 0.9697, and that potentially will open the door back up to the parity level or above. But this pair does still show the overall depreciation of the US dollar. I’m used to trading this one guys around the 1.15, 1.20 area, even the 1.10, 1.8 1.06. So it’s still showing the depreciation of the dollar.

British Pound versus U.S. Dollar

Now the British pound this week, once again, I believe it’s too is going to struggle up here. So when we look at these levels right now, the weekly opening price, we’re just staying above it. It is doing better than the euro, but not a lot. So the verified resistance high for next week 1.2026, we would have to consistently stay above that for this to remain bullish. You can see 1.3531, the yearly opening price still in a very bearish trade formation. We can also assess the medium term crossing the long term predicted difference is even more troubling to me because again, that’s saying we’re losing momentum here. The pink line over the blue line, it measures the medium term crossover and vantage point against the long term crossover. And this is warning that we don’t have a lot of buyers up here. And when we look at how we started the week, once again, we have a very, very brief spike in the PPI number, which was not sustainable. But we did hold above. We did close above the weekly opening price. It did do better than the Euro currency, but not by much. So again, our TCross Long 1.1630, the probability of at least that area being tested next week is extremely high.

U.S. Dollar versus Japanese Yen

Now, the dollar/yen after that selloff from the previous week is now also very little to no follow through from the previous week. This is all because the media’s spinning the CPI number that now the Fed has to stop. Now the Fed has to pause and pivot. No, he doesn’t. And he;s said multiple months of lower inflation, not one, not one number, multiple months. We don’t have that. So as you can see, the dollar/yen buyers step back in. But the medium term crossing the long term predicted difference, the neural index strength crossing above the zero line after a level that has not been hit in probably 10 years, like the dollar index. When you look at overbought oversold, looking at the neural index strength, I don’t have a reading this low on the dollar index in over 10 years, 15 years. So it’s an extreme oversold condition.

I believe that potentially, so is Japan, US/Japan. So it’d be looking for a move back towards the TCross Long 143.35. Remember guys, this is still the number one carry trade out there. Long the dollar short the yen, and if the Fed continues to hike, the interest rate differential gap is going to grow bigger, not smaller. Even the Fed only hikes 25 basis points a month from here on out. It still widens that gap making the dollar very attractive against the yen.

U.S. Dollar versus Canadian Dollar

Now the Canadian dollar, once again remains in its yearly up trend. The yearly opening price, 1.26,37. Zero sellers down here right at the very start of the week here, they have a fake price, which looks bullish on the first day on Monday. We do this one in the vantage point live training room every single week, and this is what Canada does. And so it makes a bull move up. Then it sells off on Tuesday and then on Wednesday you see the real price as we start working our way back to the TCross Long. And this particular setup, again, we’re above the yearly opening price, the weekly opening price, the monthly is 1.3623, very likely that we are going to retrace to that. But we must clear the vantage point TCross Long first at 1.3447, where initially to start the week, I believe we’re going to have some sellers here, but it’s likely a fake price. Remember, the one thing I’ve always tried to teach to in the rooms and the seminars is that you have three currencies that are tied to the S&P 500, the Canadian dollar, the Aussie, and the New Zealand. Once again, is this a warning sign that the dollar is going to be the winner between the battle between the dollar and stocks?

Again, suggests that the dollar is not down and out here, right or wrong, it’s not about being right or wrong guys. It’s connecting the dots to these intermarket correlations.

Australian Dollar versus U.S. Dollar

So right now we have had zero buyers on the Aussie to begin the week, and then we end up closing below the weekly opening price. We’re below the yearly opening price at 0.7264. This is still in a very strong down trend, the monthly opening price, 0.6396. So again, if we start breaking down and we hold below the weekly opening price, the very minimum price we would likely target would be 0.6556. The same thing applies to the New Zealand, but I have argued this month, particularly with my own direct clients, that if you must buy or sell this, and in actual fact what we’ve done is we’ve looked at Aussie/New Zealand, saying the New Zealand on the seasonal basis is the stronger currency than the Aussie. So if I don’t want to trade Aussie/US and New Zealand US, I simply go over and short Aussie/New Zealand.

The month of November over the last five years, the Aussie/New Zealand pair has never closed above its opening price. It’s been bearish every single November for the last five years. That’s a seasonal pattern, guys, an exponential seasonal pattern that tells me that.

New Zealand Dollar versus U.S. Dollar

So instead of going after longs on Aussie/US or longs on New Zealand/US, I can take the safer bet and just short Aussie/New Zealand without the exposure, direct exposure to the US dollar. So just another way to play that. But again, we are going to have another volatile week with those Fed minutes, and I do suspect there will be a breakout on the dollar or the S&P 500 coming next week. So with that said, this is the VantagePoint AI Market Outlook for the week of November, the 21st, 2022.

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• Up to 500 Price Alerts to notify you when a stock meets your criteria.
• Channel Bar Curated Workspaces provide access to 30+ channels of ideas.

Trade Ideas Premium costs significantly more than Standard service at $228 per month. You can save $468 by going for an annual subscription costing $2268. Premium provides the three Holly AI Systems, specific real-time trade signals, risk assessment, full backtesting, and integrated auto-trading.

Trade Ideas Premium features include:

• AI Virtual Trading Analyst Holly, three different constantly evolving AI algorithms
• Chart-based AI Trade Assistance for Buy and Sell Signals
• Risk Assessment, detailed information on the backtested performance of the recommended trade.
• Build and Backtest any Trade Idea with an intuitive backtesting system.
• Autotrade Brokerage Plus and AI,  an advanced auto trading program using Interactive Brokers.

Trade Ideas is the most expensive software in this review because it offers the real possibility of beating the market using AI pattern recognition and establishing a trading bot to auto-trade on your behalf.

Trade Ideas, unlike any other software, does all the work for you providing you specific market beating AI trading Signals, to help you make regular profits.

The Trade Ideas Platform

Extensive testing reveals that Trade Ideas is an incredibly powerful stock trading desktop app that seamlessly integrates cloud-based AI algorithmic stock signals to provide high-probability day trading opportunities.

When you first open Trade Ideas on your desktop, the software feels clunky and not user-friendly. Every chart and table is in a separate window, so if you want to resize the view, you need to resize all eight windows. This seems such a hassle initially and seems to hark back to the age of Windows 98.

There is a good reason for this design; you have endless flexibility and window configuration options if you operate multiple monitors and large screens. Even though they are fully separate windows, they can be linked and unlinked together to provide a more fluid experience with some practice.

So although it is clunky and some of the most important functions are hidden behind right-click menus in certain windows, you start to get used to the design after a few hours.

Benzinga Pro Black Friday Deal

Benzinga Pro is a unique stock program for trading real-time stock news. Designed for day traders, Benzinga Pro delivers real-time market-moving news to give you a trading edge. Additionally, a news squawk box, direct access to the news desk, and real-time charting and scanning complete the service.

Benzinga Pro Highlights	Details
⚡ Features	Real-time News, Calendar, Charts, Screening
🏆 Unique Features	Stock & Options Squawk Box, News Sentiment, News Rating, Options Alerts
🎯 Best for	US Stock, Fx, Commodity & Bond Traders
🆓 Free Version	No
🎮 Premium Trial	14 Day Free
✂ Premium Discount	-25% Code “SMARTER”
💰 Price	$79-$117/mo
🌎 Markets Covered	North America

Benzinga Black Friday -35% Deal Starts In:

Pros

✓ Best Real-time Stock Market News
✓ Squawk Box Live Feed
✓ Real-time Alerts & Signals
✓ Good Charts & Screening

Cons

✘ North America Only
✘ No Broker Integration

Benzinga PRO costs $79 per month for the Basic Plan, which gives you real-time newsfeeds and watchlist alerts. Benzinga Pro Essential costs $117 per month, adding the Squawk Box, Calendars, Sentiment Indicators, and the Chat with Newsdesk functionality.

The stock program is stable and elegant, allowing you to set up multiple workspaces and monitors to suit your needs. Benzinga is also constantly adding new functionality, and it is a platform that should grow with your needs.

Benzinga Pro Scanning & Screening

Benzinga Pro is the best for scanning and screening the news, but it can also screen for technical and fundamental data. Benzinga Pro has 32 fundamental screening criteria, including P/E, PEG, Profitability, Margins, and Insider Ownership. There are also 23 market scanning criteria, including volume change, relative volume, and short interest.

Real-Time Trading News – BZWire Access

Core to the Benzinga Pro service is access to the real-time newsfeed, which updates quickly and effectively. The only news excluded in the basic package is the Securities & Exchange Commission (SEC) announcements and Public Relations (PR) newsfeeds.

 

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MetaStock Black Friday Deal

MetaStock is best for stock traders who need real-time news, access to a huge stock systems marketplace, and the best technical stock chart analysis, backtesting, and forecasting. All international exchanges are covered & backed up with excellent customer service.

MetaStock Highlights	Details
⚡ Features	Charts, Watchlists, Scanning, Backtesting
🏆 Unique Features	Forecasting, Real-time Global Trading News (Multi-language)
🎯 Best for	Stock, Fx & Commodity Traders
🆓 Free Version	No
🎮 Premium Trial	30-Day Free Trial
✂ Premium Discount	3 Months for 1
💰 Price	$59-$250/mo
🌎 Markets Covered	Global

MetaStock Black Friday -20% Deal Starts In:

Pros

✓ Best Stock Backtesting
✓ Largest Selection of Charts & Indicators
✓ Real-time Global News
✓ Stock Forecasting
✓ All International Stock Exchanges

Cons

✘ PC Only/No Mobile App
✘ No Broker Integration
✘ Poor Interface

The latest release of Metastock is a big hit with improvements across the board. Considerable advances in scanning, backtesting, and forecasting make this one of the best offerings on the market.

MetaStock Screening & Real-time News

Using MetaStock R/T, you can see an incredibly in-depth analysis of company fundamentals from debt structure to top ten investors, including level II. Excellent watchlists featuring company financials and powerful scanning of the markets make MetaStock unique.

MetaStock R/T Refinitiv integration means you get institutional quality real-time news, analysis, research, and economic outlooks. Refinitiv is the fastest global news service available in the industry. For international investors, MetaStock is unique because the news is also translated into all major languages.

MetaStock Technical Chart Analysis

MetaStock has over 350 stock tools for charting, annotation, and drawing trendlines and indicators, the broadest selection of technical analysis tools on the market today. MetaStock is the clear leader in pure technical analysis of stock charts; it includes Point & Figure and Market Profile Charts, meaning it has the best stock trading charts.

Innovative additions to MetaStock, like Foreign Exchange forecasting based on market sentiment, are exceptional. This makes MetaStock our recommendation for the best technical chart analysis software.

MetaStock Systems & Backtesting

Another area where MetaStock excels is what they call “Expert Advisors.” MetaStock harnesses many inbuilt systems to help you understand and profit from technical analysis patterns and well-researched systems. This is a unique differentiator from the competition. The most significant addition to the MetaStock arsenal is the forecasting functionality, which sets it apart from the crowd.

MetaStock has over 100 computerized stock market systems called Expert Advisors. These programs scan stock charts for a system’s targeted conditions. The Expert Advisor systems, either in-built or as 3rd part add-ons, will help you understand and profit from technical analysis patterns in price and volume. This is a unique differentiator from the competition.

MetaStock Forecaster Capability

The most significant MetaStock innovation is the forecasting functionality, which does not exist with any other software. By selecting Forecaster from the power console, you can simply choose one or more stocks, ETFs, or Forex pairs and click forecast. You are then presented with an interactive report which enables you to scan through the many predictive recognizers, which help you understand the basis for the prediction and the methodology.

 

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Tickeron Black Friday Deal

Tickeron is a wholly-owned subsidiary of SAS Global, a leader in data analytics whose services are used by the majority of fortune 500 companies. Tickeron uses AI rules to generate trading ideas based on pattern recognition. Firstly they use a database of technical analysis patterns to search the stock market for stocks that match those price patterns using their pattern search engine. Of course, each detected pattern has a backtested track record of success, and this pattern’s success is factored into the prediction using their Trend Prediction Engine.

Pattern Recognition

At the heart of Tickeron is the ability of its AI algorithms to spot 40 different stock chart patterns in real time. You can select which pattern you want to trade, and it will filter stocks, forex, or cryptocurrencies that currently show the pattern. Patterns are split into bullish patterns for long trades or bearish patterns for those who wish to go short.

Tickeron’s real-time pattern recognition is particularly useful for swing or day traders, where market timing is the top priority. Tickeron also can scan the entire market and suggest which patterns are working best on a particular day. In the screenshot above, you can see “Today’s Top Ranked Patterns,” which rates the potential success of the patterns based on the market’s current trading activity.

Trading Signals & Prediction

Tickeron has implemented a powerful feature called AI Confidence level. Based on the history of the stock, the success rate of a particular pattern, and the market’s current direction, Tickeron can assign a confidence level to a trade prediction.

The screenshot below shows that the Tickeron AI predicts that ABUS has an 88% chance of declining in value and ACET has an 81% chance of increasing in value.

The outstanding feature of the Tickeron prediction engine is that you can simply click “Show previous predictions” to check if the Ai has done a good job in the past with a particular pattern on specific stocks. The prediction engine provides the right level of clarity and granularity so you can make informed trading decisions.

Finviz Black Friday Deal

Finviz provides lightning-fast free stock charting, robust screening, and stock chart pattern recognition. Finviz lets investors visualize a vast amount of stock market data with heatmaps and money flows on a single screen.

Finviz Highlights	Details
⚡ Free Features	Charts, News, Watchlists, 50 Screener Configs, Heatmaps [Ad-supported]
🏆 Premium Features	Real-time data, Alerts, Correlation Charts, Backtesting, Data Export, 8 years of Financial Statements
🎯 Best for	Beginner Investors/Traders
🆓 Free Version	Finviz Free
🎮 Premium Trial	30-Day Money-Back
✂ Premium Discount	-37% With Annual Plan
🌎 Markets Covered	USA

Count down to Black Friday!

Finviz Free & Premium

Finviz has three pricing plans; the Free plan is free to use without registering. Registered users can also use the service for free and save their settings. Finally, the Elite service costs $39.99/mo or $24.96/mo on an annual plan, saving you 37%.

You can have Finviz for free; however, the real power of Finviz is unleashed with the Elite service, which provides real-time data and maximum flexibility.

Finviz’s free plan is ad-supported, but it provides a huge amount of value for beginner investors. You can scan and screen over 10,000 stocks without registering and use the delayed charts and news stream. The free plan is ideal for beginner investors who want to check the markets fuss-free.

If you like Finviz, I highly recommend registering for free because it provides all the free version features. You can also configure 50 portfolios, 50 stocks per portfolio, and save 50 screener configurations.

Finviz Charting Heatmaps

The Finviz heatmaps are the star of the show, providing a view of the US or even the entire world’s stock markets. Finviz manages to cram the entire world’s moving stocks onto a single-page heatmap at lightning speed, which is very impressive. Simply hovering your mouse over a ticker symbol shows the stock’s current performance, a mini line chart, and the company’s direct competitors.

Interestingly viewing the Finviz stocks heatmaps based on analyst recommendations shows how biased institutional analysts are, as 70% of stocks are flagged as positive.

Finviz allows you to visualize markets based on stock price performance, volume, P/E, PEG, Dividend Yield, Float, EPS, and even analyst recommendations. From here, Finviz allows you to double-click on stock and jump directly to the individual company data and chart. The whole process is extremely fast and efficient.

Looking at stock charts with Finviz is different from the other stock software products on the market. Whereas MetaStock & TradingView provide hundreds of fundamental technical analysis indicators, Finviz focuses on basic pattern recognition on daily charts and a small handful of overlays and indicators.

I like the Finviz automatic trendline recognition and how it identifies price patterns like wedges, triangles, double tops, and channels; this is a big advantage for pattern traders.

With 9 chart overlays, including Bollinger Bands and VWAP, and 17 chart indicators, the stock charting experience with Finviz is ok.

The Finviz service is worth using, with excellent heatmaps, free global stock screening service, good news aggregation, and insider trading information. What more do you expect for free? Finviz provides fast stock screening, heatmaps, and stock chart pattern recognition for free. If you want to visualize a large amount of stock data and find investments quickly, Finviz is definitely worth it.

Portfolio 123 Black Friday Deal

My testing of Portfolio123 shows impressive stock screening, software with a robust financial database, and integrated commission-free trading with Tradier. Portfolio123 can be used by income, value, and growth investors but is also advantageous for swing traders.

Portfolio 123 Highlights	Details
⚡ Features	Screening, Research, Powerful Backtesting
🏆 Unique Features	Free $0 Integrated Trading, 10-Year Financial Database
🎯 Best for	Stock & Options Traders
🆓 Free Version	No
🎮 Premium Trial	21 Days for $9
✂ Premium Discount	None
💰 Price	$0-$83/mo
🌎 Markets Covered	USA/Canada

Count down to Black Friday!

Pros

✓ 470+ Screening Metrics
✓ 10-Year Backtesting Engine
✓ Pre-built Model Screeners
✓ 260 Financial Ratios
✓ Integrated Free Trading

Cons

✘ No Integrated News
✘ No App for Android or iPhone

Portfolio123 covers stocks, fixed income, and ETFs on US & Canadian exchanges, so it is unsuitable for international stock investors. With Portfolio123, you can design a real-time trading strategy, fully automated with a broker, that will hold the stocks that pass your screen and sell those that don’t.

Most ideas based on fundamentals will be covered with over 225 data points. Portfolio123 has 460 criteria, including analyst revisions, estimates, and technical data.

You can also use Portfolio123 to screen stocks on their performance relative to the S&P500 or any other benchmark. You could develop a strategy to select stocks based on their historical performance versus the market.

The number of factors available for screening is impressive. Not only can you screen based on reliable information from a company’s financial reports, but you can access technical factors, create your factors using period and announcement dates, eliminate stocks with high bid-ask spreads, limit your screen to stocks in a certain industry, or sector, rank factors against other stocks in an industry or sector, and change your factor balance depending on economic conditions.

Building your Portfolio123 screener is theoretically easy; select Research -> Screens, and you can start to play. No programming skills are required to build a Portfolio123 screener, but basic coding will certainly help. If you want to create more powerful screening rules, you will need to study the coding logic and understand the proprietary criteria names.

 

 

Top Stocks Under Rs 8000: Are you looking for stocks with high prices specifically? Do you hope to avoid volatile price fluctuations in your portfolio brought in by lower-priced stocks? In your opinion Rs 8000 a high enough mark? In this article, we cover top stocks under Rs 8000 that you can add to your watchlist. 

List of Top Stocks Under Rs 8000

We have put together a list of top stocks under Rs 8000. In this article, we look at their history, business, and key ratios. Additionally, in some instances, we also take note of how they have grown over the past 5 years.

So without further ado, let’s jump in.

Bajaj Finance Ltd. is the lending and investment arm of the Bajaj Finserv group. The company traces its roots to 1987 when it was founded as an automobile financier known as Bajaj Auto Finance. It slowly diversified into consumer durables and property financing. Later in 2010, its name was changed from Bajaj Auto Finance to Bajaj Finance.

It is a diversified NBFC catering to more than 38 million customers across the country. It focuses on the affluent category of clients. The company’s structure allows it to cross-sell efficiently making Bajaj Finance one of the most profitable firms in this category.

The non-bank offers consumer finance, commercial lending, corporate finance, investment, and SME finance products/services. It has a strong pan-India presence in 1,997 locations with a wide distribution network of over 1,02,600 active points of sale.

The AUM of Bajaj Finance has grown at an impressive rate of 19.02% every year for the last five years from Rs. 82,422 crore in FY18  to Rs. 1,97,452 crore in FY22. During the same period, its income from operations compounded at an annual rate of 19.93% to Rs. 31,648 crores. 

The NBFC posted an impressive return on assets of 4.2% in FY22 with a 17.4% return on equity. Additionally, its net NPA stood at 0.68% giving its asset quality a top-notch mark.

The cement flagship company of the Aditya Birla Group, UltraTech Cement is the largest producer of grey cement & ready mix concrete (RMC) and one of the largest white-cement manufacturers of white cement in the nation.

It was established in the mid-1980s. Over the years the company has grown organically and inorganically. 

The company has an installed manufacturing capacity of 119.95 Million Tonnes Per Annum (MTPA) of grey cement. It has 22 integrated production facilities, 27 grinding units, one clinkerisation unit, and 8 terminals devoted to bulk packaging.

UltraTech’s large network of more than one lakh channel partners along with its strategically located units give it a market reach of over 80% across the country. 

In June this year, UltraTech announced a large capital expenditure of Rs. 12,886 crores for brownfield and greenfield projects. The company has planned production targets of 137 MTPA by FY24 and 159.25 MTPA by FY25 respectively.

For a large-cap company, it has grown its revenues at an impressive CAGR of 12.41% from Rs. 30,979 crores in FY18 to Rs. 52,599 crores in FY22. During the same period, the net profits grew even faster at an annual rate of 26.95% to Rs. 7,334 crores in FY22 from Rs. 2,224 crores in FY18.

Top Stocks Under Rs 8000 #3 – Tata Elxsi Ltd.

Tata Elxsi is the technology services arm of the salt-to-software conglomerate the Tata Group. It was founded in 1989 and provides advanced R&D in new technologies, system architecture, actual development, validation, and deployment services.

The company’s range of services includes AI, broadcast & media, automotive, and healthcare products. As for its services portfolio, it offers research & strategy, product engineering, enterprise learning, and more.

Tata Elxsi caters to leading clients from automotive, communications, healthcare, rail, semiconductor, pharmaceutical, biotechnology, and other industries. 

Its stock has given an impressive return of 347% in the last two years and a 709% return in the last 5 years. 

As for its revenue growth, Tata Elxsi’s sales have grown at a CAGR of 12.26% every year in the last 5 years. It is virtually a debt-free stock with a high return on capital employed and return on equity ratios of 47.7% and 37.2% respectively.

Blue Dart Express Ltd. is not only India’s but also South Asia’s premier logistics company. An integrated transportation and distribution company, it covers over 35,000 locations across the nation and offers express air delivery services as well. 

With its worldwide express and logistics network, it is able to reach over 220 nations and territories by offering a broad range of distribution services: supply chain solutions, freight forwarding, air express, and customs clearance.

In addition to this, Blue Dart has partnered with major portals in India making it a preferred choice for B2B and B2C eCommerce solutions.

The logistics company has warehouses spread across 85 locations in India. Its indigenously developed state-of-the-art technology for Track and Trace, MIS, ERP, Customer Services, and more offers it a competitive edge over the other players. 

In FY22, the company handled 263.28 million domestic and 0.862 million international shipments through its 2,347 facilities and strong 12,200 workforces. 

It was started in November 1983. In 2002, DHL Express picked a majority 81.03% stake in the company. The stake was diluted eventually in 2012. This was because the then Singapore-based DHL Express had a promoter holding of 75% in Blue Dart Express. 

Top Stocks Under Rs 8000 #5 – Wendt India Ltd.

Established in 1980, Wendt (India) Ltd. is a joint venture between Wendt GmbH and Carborundum Universal Ltd. (CUMI). Each party holds a 37.5% stake in the company taking the total promoter ownership to 75%. 

Carborundum Universal is owned by the renowned Murugappa Group making Wendt a house of Murugappa’s enterprise as well. The group owns well-known companies such as Coromandel International, EID Parry, Cholamandalam Investment and Finance Company, and Tube Investments of India.

Wendt manufactures various industrial products including bonds & abrasives, grinding machines, honing machines, precision products, and other allied products. Its products find applications in automobile, aerospace, steel, ceramics, and refractory industries.

The industrial product’s manufacturer is debt-free with high return ratios of capital at 23.4% and equity at 17% respectively. Over the last five years, it has grown its revenues at a CAGR of 4.01% from Rs. 147 crores in FY18 to Rs. 179 crores in FY22. However, during the same period, its profits more than doubled from Rs. 13 crores in FY18 to Rs. 27 crores in FY22.

List of Top Stocks Under Rs 8000

We covered five top stocks under Rs 8000 above. The table below lists more such companies with stock price trading below the Rs. 8000 mark.

In Conclusion

In our study of top stocks under Rs 8000, two outliers emerged. Except for Blue Dart Express and Bajaj Finance, the other three companies have minimal or nil debt. Even for Bajaj Finance, it is imperative to have a large debt-to-equity ratio as it is an NBFC. Two companies have promoter holding at the upper band of 75%. 

But why did these stocks trade at such high quotations? Why didn’t these companies conduct a stock split?

One narration can be that the management of these companies wants to keep the ownership concentrated to avoid small investors’ ownership and consequent volatile price fluctuations. How about you let us know your perspective in the comments below?

You can now get the latest updates in the stock market on Trade Brains News and you can even use our Trade Brains Portal for fundamental analysis of your favorite stocks.

Vikalp Mishra is a commerce graduate from the University of Delhi. He likes to write on finance, money and business. He is a voracious reader with a genuine interest in investing. Drop him a mail at [email protected].