Archive for May, 2019

Intermediate-term Forecast for June 1, 2019

| May 31, 2019

Stock Market Commentary We are 4 weeks into the decline phase of the intermediate-term cycle that began in December. Intermediate-term cycle direction is in question. An extended decline phase that moves below the last intermediate-term cycle low (ITCL) at 2,347 would reconfirm the current bearish trend and forecast additional losses. Alternatively, a quick rebound followed […]

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Short-term Forecast for May 31, 2019

| May 31, 2019

Stock Market Commentary We are 7 sessions into the alpha phase decline of the short-term cycle that began in mid-May. The move well below the last short-term cycle low (STCL) during the current alpha phase decline signals the likely transition to a bearish trend and favors additional short-term weakness. S&P 500 Index Daily Chart Analyses […]

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Short-term Forecast for May 30, 2019

| May 30, 2019

Stock Market Commentary We are 6 sessions into the alpha phase decline of the short-term cycle that began in mid-May. The move well below the last short-term cycle low (STCL) during the current alpha phase decline signals the likely transition to a bearish trend and forecasts additional short-term weakness. S&P 500 Index Daily Chart Analyses […]

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Short-term Forecast for May 29, 2019

| May 29, 2019

Stock Market Commentary We are 5 sessions into the alpha phase decline of the short-term cycle that began in mid-May. The move well below the last short-term cycle low (STCL) during the current alpha phase decline signals the likely transition to a bearish trend and forecasts additional short-term weakness. S&P 500 Index Daily Chart Analyses […]

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Short-term Forecast for May 28, 2019

| May 28, 2019

Stock Market Commentary We are 4 sessions into the alpha phase decline of the short-term cycle that began last week. A quick rebound followed by an extended beta phase rally that moves up to new highs would reconfirm the current bullish trend and favor additional short-term strength. Alternatively, an extended alpha phase decline that moves […]

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Intermediate-term Forecast for May 25, 2019

| May 24, 2019

Stock Market Commentary We are 3 weeks into the decline phase of the intermediate-term cycle from December. Intermediate-term cycle direction is in question. An extended decline phase that moves below the last intermediate-term cycle low (ITCL) at 2,347 would reconfirm the current bearish trend and forecast additional losses. Alternatively, a quick rebound followed by a […]

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Short-term Forecast for May 24, 2019

| May 24, 2019

Stock Market Commentary We are 3 sessions into the alpha phase decline of the short-term cycle that began last week. A quick rebound followed by an extended beta phase rally that moves up to new highs would reconfirm the current bullish trend and favor additional short-term strength. Alternatively, an extended alpha phase decline that moves […]

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Short-term Forecast for May 23, 2019

| May 23, 2019

Stock Market Commentary A cycle high signal was generated today, indicating that the alpha high (AH) of the current short-term cycle likely formed on May 21. We are 2 sessions into the alpha phase decline of the short-term cycle that began last week. A quick rebound followed by an extended beta phase rally that moves […]

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Potential Short-term Signal: Stock Market Cycle Analysis

| May 23, 2019

The decline today has caused both short-term cycle oscillators to experience bearish crossovers, and a bearish engulf pattern has formed on the daily chart. A close below 2,840 on the S&P 500 index today would generate a cycle high signal and indicate that the alpha high (AH) of the current short-term cycle likely formed on […]

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Short-term Forecast for May 22, 2019

| May 22, 2019

Stock Market Commentary We are 7 sessions into the alpha phase rally of the short-term cycle that began last week. An extended alpha phase rally that moves up to new highs would reconfirm the current bullish trend and favor additional short-term strength. Alternatively, a quick reversal followed by an extended alpha phase decline that moves […]

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