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 everyone’s comments on what they learned about trading in 2014.
Brief Analysis: The strong bullish sentiment of last week was correct as the S&P500 index gained almost 1% last week. Bullishness continues with almost 63% of respondents predicting “Higher” for next week. Higher average confidence is on the bearish side again though at 6.684 to 6.333.
Click here to download TRReport122814.pdf
Download all past reports here.
Please share your thoughts about the report in the comments section below.
This week’s new question for TimingResearch member was, “If you could go back in time and give your 20-year-old self some financial advice, what would it be?”
There were 134 responses to this question. “Learn” was one of the most common words in all of the responses, being used 26 times, with the word “invest” coming close after that with 20 mentions.
As far as what to learn about or invest in, popular recommendations were for investing in good companies, trading based on technical analysis (4 people), and trading options (11 people).
One typical comment was, “Start investing immediately. Learn how to trade while you are young, and build that knowledge into financial independence.”
The moderately bullish projection of 57.7% “higher” to 42.3% “lower” for the period of March 24-28 turned out to be incorrect as the S&P500 ended down 1.86 points for the week.
This week we are back to a slight bearish sentiment for the main question:
Would you guess that the S&P 500 index will move higher or lower next week? (from Monday’s open to Friday’s close; March 30 – April 4)
Higher: 48.6%
Lower: 51.4%
The slight bullishness of last week turned out to be incorrect as the S&P500 ended down 2.78 points for the week. This week however is showing a relatively strong bearish sentiment:
Would you guess that the S&P 500 index will move higher or lower next week? (from Monday’s open to Friday’s close; February 24-28)
Higher: 41.2%
Lower: 58.8%
This week’s bullish sentiment slightly beat out bearish in the form of “Higher” answers to this week’s main question:
Would you guess that the S&P 500 index will move higher or lower next week? (from Monday’s open to Friday’s close; February 17-21)
Higher: 53.6%
Lower: 46.4%
This is a relatively small difference compared to previous weeks.