Category Archives: Forecasts

S&P 500 Cash Index Cycle Location

Mr. Market just had very boring eight days.  The trading range was about 18 points for eight days!  Today it broke the previous weekly cycle fractionally.  Nasdaq broke the previous high two weeks ago while Dow Jones hasn’t had a breakout.  Can we trust the S&P 500 breakout?

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S&P 500 Cash Index Cycle Location

pricentime

We are finished with the slow and painful sideways correction!  A new weekly cycle has started since April 17, 2017.  Where is this new cycle going to lead us to?  Before we forecast the new cycle, let’s examine what has happened.  The cycle does what it always does, it pays no attention to the noises.  The hidden cycle is always there for us to find the clues.

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SP 500 Cash Index Cycle Location

The S&P 500 cash index traded sideways down for six trading days since the high of 2400 was made.  It then traded higher (took out previous day high) on March 10th, 2017.  That means the daily cycle  bottom low at 2354.54 made on March 9th is confirmed.  So far we are 18 weeks in the weekly cycle and one day into the new daily cycle.  We have finished four daily cycles in the

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It’s Time to be Defensive–Market Internal Rotations

The S&P 500 index has been on a tear.  On a rare down day on last Thursday, February 23, 2017, it was able to close above daily pivot range.  On a gap down day on Friday, February 24, 2017, it was able to completely fill the gap and closed near the all time high.  It is at extreme levels of bullishness and with no ending in sight.  But when we

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$XLE More Down Side

The energy stocks topped on the week of December 16, 2016.  It has not been participating the rally at all.  We recommend our readers to stay away from the sector.  When the economy turns around that will lead to more activities in materials and industrial sectors, in turn it will drive up the demand for energy.  The rise of energy demand

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