Week 142 Report – Crowd Forecast Indicator: 75% 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 what everyone thinks about improving trading consistency.
TimingResearch Crowd Forecast Prediction: 75% 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 Lower, and the Crowd Forecast Indicator prediction was 61% Chance Higher; the S&P500 ended down 0.23% for the week. This week’s majority sentiment is Lower (greater than 10% difference) and with a higher average confidence on the bullish side. Similar conditions have been observed 8 times in the previous 141 weeks, with the majority sentiment being correct only 25% of the time with an average S&P500 move for the week of up 0.47% during those weeks. Based on that history, the TimingResearch Crowd Forecast Indicator is forecasting 75% Chance Higher for the week.
Click here to download TRReport061216.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, June 13th, 2016
– 1PM ET (10AM PT)
Guests:
– Cameron Yost of TradingWorks.info
– Christian Fromhertz of TribecaTradeGroup.com
– Larry Gaines of PowerCycleTrading.com
– Ed Carlson of SeattleTechnicalAdvisors.com
Moderator:
– Dave Landry of DaveLandry.com
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