Weekly Report #178 – Crowd Forecast Indicator: 63% 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: TRReport022017.pdf
TimingResearch Crowd Forecast Prediction: 63% 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 55% Chance Lower; the S&P500 ended up 1.27% for the week. This week’s majority sentiment is strongly Higher (greater than 20% difference) with a higher average confidence on the bullish side. Similar conditions have been observed 32 times in the previous 177 weeks, with the majority sentiment being correct 63% of the time with an average S&P500 move for the week of up 0.23% during those weeks. Based on that history, the TimingResearch Crowd Forecast Indicator is forecasting 63% Chance Higher for this coming week.
You can download any past report here.
TimingResearch.com Web Show – Episode #126
Date and Time:
– Tuesday, February 21st, 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:
– Dave Aquino of ValueCharts.com
– Neil Batho of TraderReview.com
– Larry Gaines of PowerCycleTrading.com
– Barry Rosen of Fortucast.com
Moderator:
– Dave Landry of DaveLandry.com
Click here to register to watch the show live and get the archive!