Weekly Report #146 – Crowd Forecast Indicator: 54% Chance Lower
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:
TRReport071016.pdf
TimingResearch Crowd Forecast Prediction: 54% Chance Lower
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 55% Chance Lower; the S&P500 ended up 1.66% for the week. This week’s majority sentiment is Higher (less than 10% difference) and with a higher average confidence on the bullish side. Similar conditions have been observed 13 times in the previous 145 weeks, with the majority sentiment being correct 46% of the time with an average S&P500 move for the week of up 0.48% during those weeks. Based on that history, the TimingResearch Crowd Forecast Indicator is forecasting 54% Chance Lower for the week.
You can download all past reports here.
Presentation:
TimingResearch.com Web Show – Episode 94 (Report #146)
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.
Date and Time:
Monday, July 11th, 2016
1PM ET (10AM PT)
Guests:
Mark Sebastian of OptionPit.com
Adam Johnson of BullseyeBrief.com
James Ramelli of AlphaShark.com
Neil Batho of TraderReview.com
Moderator:
E. Matthew “Whiz” Buckley of TopGunOptions.com
Click here to register to watch the show live and get the archive!