S&P 500 Forecast and Top 10 Stocks for Long & Short Positions Based On AI: Return up to 39.82% (short) in 7 Days

S&P 500 Forecast and Top 10 Stocks for Long & Short Positions

This forecast is part of the “Top 10 Stock Picks” package, as one of I Know First’s algorithmic trading tools. The full Top 10 Stock Picks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

  • top ten stocks pick to long
  • top ten stocks pick to short
  • S&P 500 forecast

Package Name: Top 10 Stocks
Forecast Length: 7 days (02/01/16 – 02/08/16)
I Know First Average: 1.97% (Long) & 8.03% (short)

S&P 500 Forecast and top 10 stocks for long & short positions

The I Know First predictive algorithm correctly forecasted 6 out of 10 stocks to increase in the long position and 8 out of 10 stocks to decrease in the short position, plus it predicted that the S&P 500 would decrease as well. Top stocks from this package were ABX which returned 20.18% (long) and CHK with an incredible 39.82% (short) return. Average returns for this package were 1.97% in the long position and 8.03% in the short position. These returns are comparable to the S&P 500’s return of -4.47% for the same time period.

Chesapeake Energy Corporation (CHK), produces oil and natural gas through acquisition, exploration, and development of from underground reservoirs in the United States. As the price of gas and oil continues falling it’s taking a bigger and bigger toll on the stock value with its dividends getting suspended in January.

Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First algorithmic traders.

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Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.