Sunday, February 19, 2017

Weekly outlook for Feb 21, 2017


9 month cycle:  2-3 weeks up to top  in early March.  5 week cycle:  up. 10 week cycle:  topping and turning down by end of week.  Market continues slow ascent for next 4 trading days (upside bias).

TSI has reached a level at which a correction is possible in the near future (early March?)


GL traders

Sunday, February 12, 2017

Outlook Feb 13, 2017

Shorter cycles - some up/some down and  probably offset.


but when we look at some longer cycles we see one at a top (Feb 10 a longer term high?) and another topping in March (could see a market give up 20% to give us a bear?).  We will know by May/June.

GL traders.

Sunday, February 5, 2017

Feb 6, 2017 weekly outlook

I said last week " Expect sideways action with possible small/moderate gains for the week".  SnP 500 was up about 7 points and DOW industrials down slightly - so not a bad call as "sideways is what we got for the week.  There was some volatility that could be traded during the week with a spike down during the wee.

I saw a couple of market predictors calling for a high Feb 10.  The 5 week and 20 week cycles are down.  The 10 week cycle is nearing a top (top end of week?).  This probably gives us a sideways week with a downward bias for the week.


GL traders

Saturday, January 28, 2017

Jan 30, 2017 weekly outlook

I said last week: "Appears though the market should have an upward bias in the coming week.
".  That proved to be the case.

Coming week we see the 4 1/2 month (20 week cycle) turning down as the 5 and 10 week cycles move higher.  This will prevent a run away to the upside.  Expect sideways action with possible small/moderate gains for the week.


GL traders.

Saturday, January 21, 2017

Weekly outlook for Jan 23, 2017

I said last week - "Two shorter cycles bottoming during the week".  From the current chart appears those 2 shorter cycles are definitely up.  Not  sure the "M" pattern will develop....

WARNING: One thing that always screws with the timing of tops and bottoms during this time (Nov through mid January) is the multiple days the market is closed due to holidays (Thanksgiving - 1.5 days, Christmas - 1 day, New Years - 1 day and MLK day.  A total of 4.5 days market is closed in about 1.5 months).  So be aware of the potential compression of market days in a cycle during this time of year.

 Appears though the market should have an upward bias in the coming week.


GL traders

Update - gold/silver index:


Hitting resistance as 7 week cycle tops (should bottom 3rd week of February as 3.5 month cycle tops).





Sunday, January 15, 2017

Jan 16, 2017 weekly outlook

Two shorter cycles bottoming during the week (an "M" formation?).  Nothing is for certain and patterns are rarely perfect, but  if the pattern develops as expected the coming week should fall as the pattern develops. 



Bottoms may not match actual data and require some adjustments....

GL traders

Update Jan 18 (see comment on Hurst signal):