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


  1. So the downward bias for the week has to happen on feb 10, as we have been going up

  2. Would be great if I had the advantage of hind sight for the first 4 days of the week (as you do).

  3. I was just trying to make a logic combination. Not meant as criticism. Keep up the great work, really appreciate it!