OPK | Opko Health Trading Journal with VantagePoint

VantagePoint Trading Software is a forecasting tool that uses a combination of end of day data and artificial intelligence to provide traders a forecast of market movement 1-3 days in advance with the goal of helping them improve their timing on making trades and maximizing their profit potential. The artificial intelligence software forecasts market movement for stocks, futures, Forex and ETF markets. This journal entry looks at the recent market movements of Opko Health NASDAQ: OPK.

VantagePoint Trading Journal OPK

OPK shares have been in a persistent downtrend for most of 2017. Recently, the VantagePoint predicted moving average (blue line) crossed the simple moving average (black line) to the upside. This indicates that VantagePoint has forecasted a change in the trend direction and signaled an opportunity for a long position. We have a confirmation of this trend change based on the patented neural index (green line) being in the “one” position. This indicator looks at potential strength or weakness for the next 48-hours. This is a valuable short-term indicator and confirms the crossover direction.

OPK has been bearish for the better part of 2017. But, VantagePoint indicated a bullish crossover on 6-12. This indicates an opportunity for a long position.

A daily scan of recent crossovers to the upside pointed us towards OPKO Health after the markets closed on 6/12/2017.  A cheaper market, we’ve chosen to open long positions on 500 shares at the 6/13 open price of $6.51. We’ve decided to set our stops outside at $5.92. This gives the market plenty of room for normal volatility. We’ll stay outside the recent range low that was hit on 6/1/2017.

We’ve determined the open price of $6.51 to be our entry price and $5.92 to be our stop loss position.

Our objective is to ride the “core” positions on a long-term trend bullish trend reversal. We’ll also lookg for opportunities for short-term profit using the predicted highs and lows.

OPK trading journal with VantagePoint
A relatively cheap stock, OPK will present us with some opportunities to day trade. We’ll use the VantagePoint predicted high and low levels to find the best entry and exit points.

Below is a summary of the recent market movement of OPK as of June 13.

500 SHARES = $3,255

ENTRY Price on 6-13-17 = $6.51
Close price as of recent chart (6-13-17) = 6.54
Potential profit = $0.03 per share
Current Stop Loss = $5.92
This is $0.59 away from entry price and our current risk per share

UPDATE for OPK: 6/19/2017

We still see potential growth from OPK as the blue line remains above the black line. VantagePoint’s predicted moving average remains to the upside. This allows us to seek out short-term opportunities to add to the core positions. We see the predicted low on 6-15 as a good opportunity to double down. We enter the market at the predicted low level of $6.39. Our target is the VantagePoint predicted high at $6.60. We have to wait through the weekend, but our target is finally achieved on 6-19-17 allowing us a $105 profit.

With the uptrend continuing, we look for short-term profit opportunities when the VantagePoint predicted low levels are hit.

Below is a summary of the recent market movement of OPK as of June 19.

500 SHARES = $3,255

ENTRY Price on 6-13-17 = $6.51
Close price as of recent chart (6-19-17) = 6.59
Potential profit = $0.08 per share
Current Stop Loss = $5.92
This is $0.59 away from entry price and our current risk per share

Day Trading 500 Shares 6-15-17

ENTRY Price = $6.39
Sell Price = $6.60
Realized Profit = $0.21 per share ($105 total)

UPDATE for OPK: 6/26/2017

Much like the previous short term trade, we look for opportunities to increase our position size, and profit potential, at the VantagePoint predicted low levels. We were successful hitting the first short term profit target. This allows us to continue stalking the market and looking for new predicted low prices. We see one such opportunity on June 22nd. The market traded sharply lower but remained in a bullish position. We placed a limit order for 500 shares to be filled at the predicted low of $6.86. Our attached profit target is set at the predicted high level of $7.25. We don’t’ do anything with the stops at this point, which remain at $5.92.

After buying the predicted low levels on June 22nd, we hit our target level on June 26th. This short-term profit nets us $195 and brings our total short-term profits to $300.

We hit our target range of $7.25 on June 26th. We close the position and enjoy a $195 profit.  Since the long-term trend is still increasing, we leave the original 500 shares core position alone.
Below is a summary of the recent market movement of OPK as of June 26.

500 SHARES = $3,255

ENTRY Price on 6-13-17 = $6.51
Close price as of recent chart (6-26-17) = 7.10
Potential profit = $0.59 per share
Current Stop Loss = $5.92
This is $0.59 away from entry price and our current risk per share

Day Trading 500 Shares 6-15-17

ENTRY Price = $6.39
Sell Price = $6.60
Realized Profit = $0.21 per share ($105 total)

Day Trading 500 Shares 6-26-17

ENTRY Price = $6.86
Sell Price = 7.25
Realized Profit = $0.39 per share ($195 total)

UPDATE for OPK: 6/30/2017

VantagePoint has given us a new crossover, this time to the downside. This bearish crossover suggests the trend is now down and it is time to get out of the 500-share core position. We decided to close out the remaining positions at $6.65 for an additional $65 profit.

VantagePoint indicates a new crossover tot he downside. This tells us we need to get out of our long position. We closed all open positions at $6.65.

Below is a final summary of the OPK as of June 30.

500 SHARES = $3,255
ENTRY Price on 6-13-17 = $6.51
Exit price (6-30-17) = $6.65
Realized profit on remaining positions = $0.14 per share ($70 total)

Day Trading 500 Shares 6-15-17

ENTRY Price = $6.39
Sell Price = $6.60
Realized Profit = $0.21 per share ($105 total)

Day Trading 500 Shares 6-26-17

ENTRY Price = $6.86
Sell Price = 7.25
Realized Profit = $0.39 per share ($195 total)

Total Profits from OPK = $70 + $105 + $195 = $370

How VantagePoint works

The VantagePoint Trading Software is a forecasting tool that uses a combination of end of day data and artificial intelligence to provide traders a forecast of market movement 1-3 days in advance with the goal of helping them improve their timing on making trades and maximizing their profit potential.

The artificial intelligence software forecasts market movement for stocks, futures, forex and ETF markets.

The basic concepts operate using two indicators. The traditional simple moving average (SMA) is displayed as a black line on the charts. VantagePoint’s patented predictive moving average (PMA) is displayed as a blue line. This proprietary indicator uses artificial intelligence to analyze both the past price data of a given market and the 25-30 most influential markets and how they affect the price action of the market.

When the blue PMA line crosses the black SMA line to the upside, traders can interpret this as VantagePoint signaling a new uptrend, or bullish trend. Traders can expect the uptrend to continue if the blue line remains above the black line. The trend is over when a new crossover occurs and the blue line crosses the black line to the downside.

Conversely, if the blue PMA crosses the black SMA to the downside, VantagePoint is suggesting the start of a new bearish, or downtrend. Traders looking to short the market may find this instance as the best time to enter the market if they are looking to follow a downtrend.

A second key aspect of the VantagePoint Software is the neural index. Another patented indicator, this measures the anticipated market movement over the next 48 hours. If the software predicts the price to be higher over the next 48 hours, the green indicator line moves to the “one” position. If the preditction is for lower prices, the indicator slides down to the “zero” position.

Using the neural index in conjunction with the crossovers on the chart allows traders to easily see when a new trend is starting and what to expect from a market in the coming days. This has the potential to greatly increase a trader’s profit potential by more clearly identifying trends and entry and exit points.

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tylerr@tradermarketinggroup.com'

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