Week 110 Report – Crowd Forecast Indicator: 71% Chance Higher
The new TimingResearch report for the week has been posted, click on the link below to view the full report including the update on sentiment numbers and everyone’s comments what they would recommend to someone who’s new to trading.
TimingResearch Crowd Forecast Indicator: 71% Chance Higher
This indicator prediction is an attempt by the editor of this newsletter to use the full 2+ year history of data collected from this project to forecast a probability estimate for whether this week’s sentiment is going to be correct and ultimately what the markets will do this coming week. This week’s majority sentiment is “Lower” with a greater than 10% difference between the Higher and Lower sides, but there is higher average confidence on the Higher side. Similar conditions have been observed 7 times since the start of this project with the majority sentiment being correct only 29% of the time with an average S&P500 move for the week of 0.41% during those 7 weeks. Based on that history, the TimingResearch Crowd Forecast Indicator is estimating a 71% chance that the S&P500 will go up this coming week.
Click here to download TRReport110115.pdf
You can download all past reports here.
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Date and Time:
– Monday , November 2, 2015
– 1PM ET (10AM PT)
Guests:
– Kurt Capra of Pristine.com
– Jim Kenney of OptionProfessor.com
– AJ Brown of TradingTrainer.com
Moderator:
– Dave Landry of DaveLandry.com
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