Weekly Report #190 – Crowd Forecast Indicator: 55% 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.
Click here to download the report: TRReport051517.pdf
TimingResearch Crowd Forecast Prediction: 55% 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 Higher, and the Crowd Forecast Indicator prediction was 64% Chance Higher but the S&P500 ended down 0.38% for the week. This week’s majority sentiment is strongly Higher (less than 10% difference) with a higher average confidence on the bearish side. Similar conditions have been observed 11 times in the previous 189 weeks, with the majority sentiment being correct 55% of the time with an average S&P500 move for the week of up 0.33% during those weeks. Based on that history, the TimingResearch Crowd Forecast Indicator is forecasting 55% Chance Higher for this coming week.
You can download any past report here.
TimingResearch.com Web Show – Episode #138
Date and Time:
– Monday, May 15th, 2017
– 1PM ET (10AM PT)
Description:
This week’s show will feature a discussion with the trading experts listed below about the most recent TimingResearch Crowd Forecast Newsletter report, where they think the S&P500 is headed, what they are watching for in the markets currently, and their best trading idea.
Guests:
– Larry Gaines of PowerCycleTrading.com
– Michael Filighera of LogicalSignals.com
– Neil Batho of TraderReview.com
Moderator:
– Dean Jenkins of FollowMeTrades.com
Click here to register to watch the show live and get the archive!