Week 131 Report – Crowd Forecast Indicator: 67% 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 find out everyone’s best pieces of advice for trade management.
TimingResearch Crowd Forecast Prediction: 67% 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 (50/50); the S&P500 ended down 0.58% for the week. This week’s majority sentiment is Lower (with a less than 10% difference) and with a higher average confidence on the bearish side. Similar conditions have been observed 9 times in the 131 weeks since the start of this project with the majority sentiment being correct only 33% of the time but with an average S&P500 move for the week of -0.21% during those weeks. Based on that history, the TimingResearch Crowd Forecast Indicator is forecasting a 67% chance of the S&P500 moving higher this week.
Click here to download TRReport032716.pdf
You can download all past reports here.
—
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, March 28th, 2016
– 1PM ET (10AM PT)
Guests:
– Jason Alan Jankovsky of TheLionOnline.com
– James Ramelli of AlphaShark.com
– Dean Jenkins of FollowMeTrades.com
– Sam Bourgi of TradingGods.net
Moderator:
– Dave Landry of DaveLandry.com
Click here to register to watch the show live and get the archive!