Crowd Forecast News Week #206 Report
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.
Click here to download the report: TRReport090417.pdf
TimingResearch Crowd Forecast Prediction: 75% Chance Higher
This indicator prediction is an attempt by the editor of this newsletter to use the full 3+ 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 53.6% Higher, and the Crowd Forecast Indicator prediction was 73% Chance Higher; the S&P500 closed 1.19% Higher for the week. This week’s majority sentiment is 53.0% Higher with a slightly greater average confidence on the Higher side. Similar conditions have been observed 16 times in the previous 205 weeks, with the majority sentiment being correct 75% of the time, with an average S&P500 move for the week of Higher 0.77% during those weeks. Based on that history, the TimingResearch Crowd Forecast Indicator is forecasting 75% Chance Higher for this coming week.
You can download any past report here.
No Crowd Forecast News episode this week due to the market holiday! The show will be back on 9/11/2017 (Monday, 1PM ET)!