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

Jan 21, weekly outlook

The 10  week cycle nearing a top.  This cycle has had good thrust in the recent past.  Watch the RSI (lower part of chart) - 70 is over bought and normally indicates a top.

Take a look.....

GL Traders

ideal cycles

How do I choose cycles for display?  The 10 week,  20 week, and 40 week (often called 9 month cycle) is a group of cycles identified by JM Hurst in his work (Google him for lots more info).  I did not just randomly choose them.  The 20 week  (100 day) cycle is called the Wall cycle after a person named Wall.

Take a look:

Now look at a chart with data:

 

  Hope this  informs you as to my method of selecting cycles (I cheat LOL)

GL traders

Jan14, 2019 weekly outlook

5 week cycle topping:

 

GL Traders     

 

 

Jan 07, 2019 weekly outlook

The 10/20/40 week cycles are synched to the upside.  Expect 2-3 weeks of recovery in stock prices.

GL Traders

Dec 31, 2018 weekly outlook

Week ended definitely appears to have made a bottom.  If so. the next  minor bottom  should  be in early February (5 week cycle bottom). Then 5 and 10 week cycles  bottom mid March.  Opinion subject to change if data dictates:



Have a profitable 2019