Saturday, May 20, 2017

Week ahead May 22, 2017

A mini crash in the Dow Industries leaves the market as a whole trading sideways (no major pullback - yet).  The coming week may see some more pullback./

GL traders

Monday, May 15, 2017

Week ahead May 15, 2017

Readers noted inconsistencies in chart posted over week end.  Should refrain from posting when not feeling well.  Hopefully this is a better chart.

GL traders

Saturday, May 6, 2017

May 8, 2017 weekly outlook

Last week as the week ended we saw new highs on major indexes (barely). Early week some weakness, but earnings and stats pushed the market up by end of week.

In the upcoming week we have 3 cycles  down and 1 up.  Since the 9 month cycle appears to be dominate - expect some weakness  in the upcoming week.

Good luck traders

Friday, April 28, 2017

Weekly outlook May 1, 2017

I told you last week that the nested bottoms were over.  So we had around a 2% gain early in the week with new highs.  To give a somewhat longer view this week I am posting a weekly chart. It is about 2 weeks before the 9 month cycle tops and the 20 week and 10 week bottom.  The 5 week cycle will also bottom (not shown).  So mid May we will have a mid cycle (9 month cycle) pull back.  Should be good for about a 2% pull back?

Daily chart:

GL traders

Monday, April 24, 2017

weekly outlook apr 24, 2017

Looks like the nested cycles bottomed.  Expect the week to be positive?

gl traders

Sunday, April 16, 2017

weekly outlook Apr 17, 2017

About 3 weeks ago I posted a longer term chart showing that a 13 1/2-14  month cycle should bottom mid April.  Looks like it is mid April!!

Also note the 20 week (10 week) cycle is bottoming  (2 cycles nested).  These 2 cycles seem to be dominant near term into late April as the 20 week cycle tops and turns down.  TSI crossed the zero line from above (a negative signal).

Good luck traders.

Friday, April 7, 2017

weekly outlook Apr 10, 2017

Indexes closed flat (very small losses) for the Apr 3rd week.  Three shorter cycles up, Longer cycle topped and turned down.  TSI flashing negatives.  Mixed signals, but bias of cycles should be up for the week.

GL traders