S&P500 Short Term Market Breadth Analog Forecast Starting Mar 16, 2015
By Lawrence
Review of Mar 9, 2015 Forecast
Downside risk within 2.5% was realized and Trend Down was in force all week. First posted forecast did a good job.
Forecast Starting Mar 16, 2015
Summary of the S&P500 short-term forecast based on my proprietary market breadth analog model as of the close of March 13, 2015:
Mild bullish bias pointing to up drift of 1% or more in coming 5 trading days.
Critical decision to be made in the week after should down trend on daily wants to continue.
A move beyond 2% from previous week close is unlikely.
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Short Explanation About The Model
My market breadth based analog model takes into account the short term volatility, daily market breadth readings and a few other intraday breadth data to identify the current market conditions. Using the information, the model then went through the historical data over the past 20 years to generate its statistical analysis. The model has been pretty good at identifying important swing tops and bottoms over the past few years by providing early warnings about potential volatility upticks.
My monthly update on market internals. The current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2013 April 19 close. ...
Advance Issues is the number of stocks traded above their previous trading day close within a particular basket. For example, New York Stock Exchange provides the advance issues data across ...
The 3-Day Advance Issues and Tick16 both issued long term sell signals last week.
Last year, it took a month of gyration of drifting up til February before I got ...
Review of Forecast for Nov 23, 2015
(Note: No forecast posted for the week of Nov 30)
Consolidation pullback mode expectation worked out perfectly. Intraday volatility died down as forecasted. The breadth ...
S&P500 Tick1K Index is a custom market breadth index built with a similar principle like the NYSE Tick Index. Since the S&P500 Tick1K Index contains only the S&P500 components, it ...
The breadth is decidedly bearish.
No divgerence long setup from 3-day advance issues.
And Tick16 Short Term is overbought.
Another flush low is needed to produce a daily level low.
Review of Forecast for Feb 15, 2016
Up swing of more than 2.5% as expected. Extreme volatility warning materialized as S&P500 breaking all nearby intraday resistance levels. The breadth analog model ...
Review of Forecast for Jun 22, 2015
Rumor over the weekend on Greece led to a jump of almost 1% higher. All week selling since at the predicted 2% magnitude. The ...
Classic approaches to the interpretation of market breadth data are mainly based on signal generation and recognition of outlier events. The reason for market participants to do that is obvious ...
It is 1 am Eastern Time and the overnight market is down at the moment.
Japan Nikkei is down more than 1%
But as of close of yesterday Aug 17, the Tick16 ...
S&P500 Short Term Market Breadth Analog Forecast Starting Mar 16, 2015
Review of Mar 9, 2015 Forecast
Downside risk within 2.5% was realized and Trend Down was in force all week. First posted forecast did a good job.
Forecast Starting Mar 16, 2015
Summary of the S&P500 short-term forecast based on my proprietary market breadth analog model as of the close of March 13, 2015:
Report Snapshot
Short Explanation About The Model
My market breadth based analog model takes into account the short term volatility, daily market breadth readings and a few other intraday breadth data to identify the current market conditions. Using the information, the model then went through the historical data over the past 20 years to generate its statistical analysis. The model has been pretty good at identifying important swing tops and bottoms over the past few years by providing early warnings about potential volatility upticks.
For the technical explanation of the concept, you can read about it here, Market Breadth Primer: Market Breadth Analog Forecasting Method
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