outlook week of April 1, 2019

A top was set about 1 week ago (20 week cycle).   So that cycle   (20 weeks) turned down.   The 40 week cycle is still in a left leg up move.

The 10 weeks cycle   is topping and should turn down during the week.   The 5 week cycle (not shown ) should bottom and turn up by week end.

Short term trade possible (bottom mid week??).

 

GL traders

March 25, 2019 weekly outlook

Looks like we have topped.  I had expected a top 2-3 days earlier, but cycles are not always exact.  Be ready to take what the market gives you.  you should have raised cash this past week  and be ready to buy trading position around third  week of  April.

 

green circles = BUY, red circles = SELL

NOTE:  Most recent circles are red....

GL traders

Mar 18, 2019 weekly outlook

Past two weeks saw the 10 week cycle bottom.   As expected the cycle top was right translated so the downside of the 10 week cycle will be minimal in time (say past 2 weeks down and a fraction of the rise in the prior 7  weeks).  But, the total length of the cycle should be 10 weeks. 

 

 

Good Luck traders

weekly outlook Mar 11, 2019

The drop this past week was past due as the top was right translated for the 10 week cycle.  Since cycles balance out I would expect the down leg of the 10 week cycle to be less than 5 weeks. 

GL  TRADERS

March 04, 2019 weekly outlook

Not much progress up or down this past week.  With turning points ahead expect a bit more action this week.

Good luck

Weekly outlook february 25 2019

Appears SnP500 stopped 4 times at the same area.  Let's see if that resistance zone holds and market turns down?

GL TRADERS

FEB 18, 2019 WEEKLY OUTLOOK

Are we headed to new highs?  I  suspect we have seen the 10 week cycle high this past week.  We had a major low December 26 and  5 weeks from that (half the 10 week cycle) would be late January or early February.  But it is now about 7 weeks in to the 10 week cycle (so we should have seen the cycle high).

It is not uncommon to see "right translated" cycles once a trend turns up.  So we may have seen the down trend (Oct-Dec) play out and now are in an up trend. 



GL traders

FEBRUARY 11, 2019 WEEKLY OUTLOOK

 UPDATE 2/12:

As I suggested mid week last week may offer a buying opportunity.  Mid to late week sold off and  depending on what stocks you were watching  provided an opening to make a buy. I had bought 4 stocks on Thursday and put in "sell gtc orders before market open."  Now need to find something to buy (only 1 position left).

Like I have stated in the past shorter  cycles can provide  larger per cent movement in a shorter period.  For example a 50 point movement of  the SP500 in 5 days is an average of 10 points a day, whereas over 10 days that 50 point movement is 5 points a day.

This is why shorter cycles (like the 10 week cycle) can have an over size short term impact down /up  even when multiple longer cycles are moving the opposite direction (as we  saw the latter part of the last week).

Here is the new week (updated):

 

GL traders

 

 

FEB 4, 2019 WEEKLY OUTLOOK

The 5 week cycle completed its 5 weeks from the last bottom December 26 and turned up.  The 10 week cycle completed a half cycle and topped.  That  gives us an up 5 week, up 20 week cycle and up 9  month cycle this week.  The sum of the cycles should be UP, but the 10 week cycle will moderate the move.

The stochastic RSI indicates  a possible near term trading buy (mid week?)  See for yourself:

 GL traders

Jan 28, 2019 weekly outlook

RSI is often used for buy/sell signals (under 30 oversold - buy, over 70 over bought sell).  But the time between signals can be longer than desired.  (So the STOCHRSI was developed.  See for yourself. Over 0.8 sell, under 0.2 buy )  Top of chart is RSI and bottom is STOCHRSI.

Hope you find this useful.  GL Traders