Author Archive: PMI

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Short-term Forecast for February 26, 2021

| February 26, 2021

Stock Market Commentary We are 9 sessions into the alpha phase decline of the short-term cycle that began on January 29. A quick rebound followed by an extended beta phase rally would reconfirm the current bullish short-term trend and forecast additional gains. Alternatively, an extended alpha phase decline that moves below the last short-term low […]

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Short-term Forecast for February 25, 2021

| February 25, 2021

Stock Market Commentary We are 8 sessions into the alpha phase decline of the short-term cycle that began on January 29. A quick rebound followed by an extended beta phase rally would reconfirm the current bullish short-term trend and forecast additional gains. Alternatively, an extended alpha phase decline that moves below the last short-term low […]

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Short-term Forecast for February 24, 2021

| February 24, 2021

Stock Market Commentary The strong advance today indicates that the beta low (BL) of the current cycle likely formed on February 23. We are 2 sessions into the beta phase rally of the short-term cycle that began on January 29. An extended beta phase rally would reconfirm the current bullish short-term trend and forecast additional […]

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Short-term Forecast for February 23, 2021

| February 23, 2021

Stock Market Commentary We are 6 sessions into the alpha phase decline of the short-term cycle that began on January 29. The beta low (BL) of the current cycle may have formed today, although we would need to see additional strength to confirm that development. A quick rebound followed by an extended beta phase rally […]

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Short-term Forecast for February 22, 2021

| February 22, 2021

Stock Market Commentary We are 5 sessions into the alpha phase decline of the short-term cycle that began on January 29. A quick rebound followed by an extended beta phase rally would reconfirm the current bullish short-term trend and forecast additional gains. Alternatively, an extended alpha phase decline that moves below the last short-term low […]

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Intermediate-term Forecast for February 20, 2021

| February 20, 2021

Stock Market Commentary We are 21 weeks into the rally phase of the intermediate-term cycle that began during the week ending September 25. The magnitude and duration of the current rally phase reconfirm the current bullish intermediate-term trend and forecast additional gains. S&P 500 Index Weekly Chart Analyses The following technical and cycle analyses provide […]

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Short-term Forecast for February 19, 2021

| February 19, 2021

Stock Market Commentary We are 4 sessions into the alpha phase decline of the short-term cycle that began on January 29. A quick rebound followed by an extended beta phase rally would reconfirm the current bullish short-term trend and forecast additional gains. Alternatively, an extended alpha phase decline that moves below the last short-term low […]

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Short-term Forecast for February 18, 2021

| February 18, 2021

Stock Market Commentary We are 3 sessions into the alpha phase decline of the short-term cycle that began on January 29. A quick rebound followed by an extended beta phase rally would reconfirm the current bullish short-term trend and forecast additional gains. Alternatively, an extended alpha phase decline that moves below the last short-term low […]

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Short-term Forecast for February 17, 2021

| February 17, 2021

Stock Market Commentary We are 12 sessions into the alpha phase rally of the short-term cycle that began on January 29. An extended alpha phase rally that moves up to new highs would reconfirm the current bullish short-term trend and forecast additional gains. Alternatively, a quick reversal followed by an extended alpha phase decline would […]

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Short-term Forecast for February 16, 2021

| February 16, 2021

Stock Market Commentary We are 11 sessions into the alpha phase rally of the short-term cycle that began on January 29. An extended alpha phase rally that moves up to new highs would reconfirm the current bullish short-term trend and forecast additional gains. Alternatively, a quick reversal followed by an extended alpha phase decline would […]

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