Posted On: 05/03/2015 12:11:47 PM
Post# of 98237
Stock Market Prediction For Week May 4 2015.
Cheat-Sheet Summary:
GDPNow forecast for Q2 2015 at 0.8%. Look for this to increase over the coming months as monthly economic reports are released. This is SO important because everyone wants to see if Federal Reserve is correct about the current slowdown in the U.S. economy as being nothing more than a transitory phase.
Bulls and Bears SOO evenly matched that neither has the advantage in the stock market prediction algorithm. This means that the rating is sidelines until one group emerges as the dominant leader over the other, and we can place our bets with that group.
Really surprised by the Elder System buy in both the daily and weekly time frames on SPY. I thought things were much more bearish.
I talk more about this in the weekly show broadcast on YouTube:
Cheat-Sheet Summary:
GDPNow forecast for Q2 2015 at 0.8%. Look for this to increase over the coming months as monthly economic reports are released. This is SO important because everyone wants to see if Federal Reserve is correct about the current slowdown in the U.S. economy as being nothing more than a transitory phase.
Bulls and Bears SOO evenly matched that neither has the advantage in the stock market prediction algorithm. This means that the rating is sidelines until one group emerges as the dominant leader over the other, and we can place our bets with that group.
Really surprised by the Elder System buy in both the daily and weekly time frames on SPY. I thought things were much more bearish.
I talk more about this in the weekly show broadcast on YouTube:
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