Week 112 Report – Crowd Forecast Indicator: 61% Chance Higher
The new TimingResearch report for the week has been posted, click on the link below to view the full report including the update on sentiment numbers and everyone’s comments are about who or what first inspired them to become a trader and find out to average age and years of trading experience for the TimingResearch audience.
TimingResearch Crowd Forecast Indicator: 61% Chance Higher
This indicator prediction is an attempt by the editor of this newsletter to use the full 2+ year history of data collected from this project to forecast a probability estimate for whether this week’s sentiment is going to be correct and ultimately what the markets will do this coming week.
Details: This week’s majority sentiment is “Lower,” with a higher average confidence on the bearish side. Similar conditions have been observed 18 times since the start of this project with the majority sentiment being correct only 39% of the time with an average S&P500 move for the week of 0.21% during those weeks. Based on that history, the TimingResearch Crowd Forecast Indicator is forecasting that the majority sentiment is probably wrong and that there’s a 61% chance that the S&P500 will go up this coming week.
Click here to download TRReport111515.pdf
You can download all past reports here.
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Each week several top trading experts discuss the above report report and give their thoughts about current market conditions. Fill out the survey each week, then watch the show to compare your opinions with the experts!
Date and Time:
– Monday , November 16th, 2015
– 1PM ET (10AM PT)
Guests:
– John Person of PersonsPlanet.com
– Eric “The Wolfman” Wilkinson of ProtraderStrategies.com
– Vince Vora of TradingWins.com
– Jason Jankovsky of TheLionOnline.com
Moderator:
– E. Matthew “Whiz” Buckley of TopGunOptions.com
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