Weekly outlook Aug 29, 2016

The week just ended was down as expected.  Dow down the most (%) while the Nasdaq was down a small amount (%).  I had hoped (thought) we may see a larger move.

The coming week looks like another down week with a stronger move down as the dominant 4.5 month cycle moves mostly sideways in a topping action.  The other cycles are down.  Down move should complete by end of the week so if you are short (Inverse ETF?) you may want to clear position before week end.

GL traders

Aug 22, 2016 weekly outlook

I stated  last week  " It appears the week should show a down bias."  I was partially right as the NASDAQ was up for the week while other major averages were down.  Looks like the coming week should provide enough downside to consider a trade using an inverse ETF of Dow industrials, SP500 or Russell 2000.  All the cycles I show on my chart  except the 4.5 month (20 week, 100 TDs) cycle are down for the coming week.

GL traders

Sample short term (intraday) chart.  No cycle tools, denoted cycle (tops/bottoms) turns with vertical lines:

Outlook for week of Aug 15, 2016

Last week I stated  "Dow and SandP500 should make marginally new highs during the coming week".  Not only that but the Nasdaq set new highs.  The Dow Jones Transportation Average seems to be lagging.

In the coming week the 9 month and 10 week cycles are down.  The 4.5 month cycle is up.  The five week cycle is topping as the 2.5 week cycle bottoms.  Two longer cycles down,  one up. The right translation of the 9 month cycle (due to uptrend) should  be playing out.  It appears the week should show a down bias.

GL traders

Outlook for week of Aug 8, 2016

The past week saw some new highs.  But, the market was down during first half of the week and then up as two short cycles bottomed mid week (just as I  thought would happen), Basically the market was flat for the week (no impressive break out).  We did get bigger moves (up and down) as I suggested would happen.

Dow and SandP500 should make marginally new highs during the coming week as more cycles up than down with the dominant 4.5 month cycle still up. TSI has a negative bias.

GL traders

Aug 2016 outlook

By mid August cycles should start to dominate to the down side.  By August 15 shorts (inverse ETFs) should be considered.  Currently market is over bought  and should start a correction by the 3rd week of August and this downturn should last into mid November......

GL traders