Week 124 Report – Crowd Forecast Indicator: NONE (54/46)
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 what indicator influences their trading the most.
TimingResearch Crowd Forecast Prediction: 58% 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 NONE (54/46); the S&P500 ended down 2.94% for the week. This week’s majority sentiment is Lower (with a greater than 10% difference) and with a slightly higher average confidence on the bearish side. Similar conditions have been observed 12 times since the start of this project with the majority sentiment being correct only 42% of the time with an average S&P500 move for the week of 0.35% during those weeks. Based on that history, the TimingResearch Crowd Forecast Indicator is forecasting at 58% Chance Higher for this coming week.
Click here to download TRReport020716.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, February 1st, 2016
– 1PM ET (10AM PT)
Guests:
– Larry Gaines of PowerCycleTrading.com
– Roy Swanson of SteadyTrader.com
– Kurt Capra of Pristine.com
– Ed Carlson of SeattleTechnicalAdvisors.com
Moderator:
– E. Matthew “Whiz” Buckley of TopGunOptions.com
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