Friday, August 18, 2017

Week of Aug 21 outlook

Nested  bottom forming, may take 1-2 weeks to complete bottom and then a small bounce?

 


GL traders

Sunday, August 13, 2017

Month of August 2017


Weekly chart showing longer cycles.  Bottom (weekly cycles) may be in (or should be soon).  Appears this correction will be 5% or less.  Of course, that could change  depending on Trump/NK and threats over the weekend.


Daily cycles appear to show bottom may be in but likely bottom will complete during the week.


Even shorter cycles here:




The 12 1/2 days cycle is made up of 3 4+ days cycles:


GL traders

Sunday, August 6, 2017

Weekly outlook for Aug 7, 2017

Corporate earnings looked good for the quarter.  Friday's employment numbers were good.  But there are also negatives as some 9,000 retail stores are set to close over the net few months (not all of this is Amazon, partially due to very skinny pay increases, or increased debt due to lots of Autos being sold last two years).  And auto sales are now flat to down (not a good sign for the economy).  STILL the market inches higher.

Appears we will get an extended 9 month cycle into late August or early September (at least?).  But, you can never be sure about what the market will do.  We could still get a 5% or more slide next week, so watch for a trigger......

GL traders

Sunday, July 30, 2017

Jul 31, 2017 weekly outlook

The market doesn.t seem to want to pull back. A 10% (250 S&P points) would be a moderate pull back, but someone is not reading my charts.  LOL -  chart below


Also the Siderograph chart is projecting an Aug 18 bottom:


GL traders

Sunday, July 23, 2017

weekly outlook for July 24, 2017

Still time for a sharp sell off into the cycles nested bottom.  Keep a lookout for a trigger.

GL traders

Sunday, July 16, 2017

July 17, 2017 outlook

Chart for upcoming market.  Will we  get the expected down turn?

 
GL traders

Sunday, July 9, 2017

July 10, 2017 weekly outlook

As we move closer to a nesting bottom it appears that the nesting may occur by early August.  This is sooner than previously thought.

during the next week I expect some weakness first part of week and an attempted rally latter part of the week.

GL traders