Week 119 Report – Crowd Forecast Indicator: 63% 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 about their goals for 2016.
TimingResearch Crowd Forecast Prediction: 63% 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.
Details: Last week’s majority sentiment was “Higher,” and the Crowd Forecast Indicator prediction was 57% chance Higher, however the S&P500 ended down 0.67% for the week. This week’s majority sentiment is “Lower” with a slightly higher average confidence on the bearish side. Similar conditions have been observed 19 times since the start of this project with the majority sentiment being incorrect 63% of the time with an average S&P500 move for the week of 0.37% during those weeks. Based on that history, the TimingResearch Crowd Forecast Indicator is predicting that the overall sentiment is most likely INCORRECT and that there is a 63% chance of the S&P500 going UP this week.
Click here to download TRReport010316.pdf
You can download all past reports here.
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Each week several top trading experts discuss the above report report and give their thoughts about current market conditions. Fill out the survey each week, then watch the show to compare your opinions with the experts!
Date and Time:
– Monday, January 4th, 2016
– 1PM ET (10AM PT)
Guests:
– Steven Place of InvestingWithOptions.com
– James Ramelli of AlphaShark.com
– Sam Bourgi of TradingGods.net
– Ken W. Chow of PacificTradingAcademy.com
Moderator:
– TBA
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