Swing Trading Strategies

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 predictions for a total of 20 stocks with bullish and bearish signals:

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

Package Name: Top 10 Stocks
Forecast Length: 7 Days (8/18/2015 – 8/25/2015)
I Know First Average: 12.01% (Short)

Get the “Top 10 Stocks”-Package

All of the 10 stocks included in the Top 10 Stocks forecast from 08/18/15 decreased in accordance with the algorithm’s prediction for the 7 days time horizon. The top performing stock was Newfield Exploration (NFX) with immense return of 23.76%. Prologis (PLD) and SL Green Realty (SLG) also posted outstanding returns of 13.09% and 12.89% during that time period, offering large returns to investors. Investors using the I Know First service who invested evenly in these stocks would have outperformed the S&P 500 average of -11.17% by 12.01% during the predicted time horizon.

Newfield Exploration is an independant company which operates in the energy industry. They produce crude oil and natural gas. On August 19, the EIA (U.S Energy Information Administration) reported U.S commercial crude oil inventories and we see that it has increased significantly over the week. This means that either supplies has increased or demand has decreased but in the both side this puts pressure on the crude oil prices. And so on Newfield Exploration is sensitive to the fluctuation of crude oil prices.

Algorithmic traders utilise 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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