Market forecasting can seem like a futile exercise. After all, 95% of the time, predicting what will happen next is impossible. But Justice Litle says its the huge opportunities on offer in the other 5% that make investing worthwhile. Here, he explains how traders can draw inspiration from ice-hockey legend Wayne Gretzky…

Probably one of the craziest suppositions now is to project a 100% gain for U.S. stocks over the next few years. After all, everyone, and I mean everyone is suffering big losses in the market this year and nobody truly believes equities will start a bull market any time soon.

Even the strongest retail brands are suffering heavy losses as consumers flock to low-cost stores. Andrew Snyder says this spells doom for Under Armour (NYSE:UA). The company has a strong marketing strategy, but its sales estimates are too optimistic for a retailer of expensive niche clothing. Andrew says the stock is overvalued right now, creating a good chance for a profitable short play.