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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 the recent Microsoft and Google agreement to drop regulatory complains about each other.
TimingResearch Crowd Forecast Prediction: 57% 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 NONE (50/50); the S&P500 ended up 0.61% 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 7 times in the last 135 weeks, with the majority sentiment being correct 57% of the time with an average S&P500 move for the week of -0.26% during those weeks. So the market usually moves higher under these conditions but those higher moves have been much less on average than the lower moves. Based on that history, the TimingResearch Crowd Forecast Indicator is forecasting 57% Chance Higher for the week.
Click here to download TRReport042416.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 25th, 2016
– 1PM ET (10AM PT)
Guests:
– Dean Jenkins of FollowMeTrades.com
– Gary Dean of SentimentTiming.com
– Michael Filighera of LogicalSignals.com
– James Ramelli of AlphaShark.com
Moderator:
– E. Matthew “Whiz” Buckley of TopGunOptions.com
Click here to register to watch the show live and get the archive!
