Week 134 Report – Crowd Forecast Indicator: NONE (50/50)
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 what everyone thinks about their success as a trader.
TimingResearch Crowd Forecast Prediction: NONE (50/50)
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 Lower, and the Crowd Forecast Indicator prediction was 59% Chance Higher; the S&P500 ended up 1.49% for the week. This week’s majority sentiment is Lower (less than 10% difference) and with a higher average confidence on the bullish side. Similar conditions have been observed only 6 times in the 134 weeks since the start of this project with the majority sentiment being exactly 50% of the time with an average S&P500 move for the week of -0.41% during those weeks. Based on that history, the TimingResearch Crowd Forecast Indicator is making no forecast this week.
Click here to download TRReport041716.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, April 18th, 2016
– 1PM ET (10AM PT)
Guests:
– Christian Fromhertz of TribecaTradeGroup.com
– Roy Swanson of SteadyTrader.com
– Jim Kenney of OptionProfessor.com
– Neil Batho of TraderReview.net
Moderator:
– E. Matthew “Whiz” Buckley of TopGunOptions.com
Click here to register to watch the show live and get the archive!