Author Archive: PMI

rss feed

Intermediate-term Forecast for August 17, 2019

| August 16, 2019

Stock Market Commentary We are 3 weeks into the decline phase of the intermediate-term cycle that began in June. A quick rebound followed by a move up to new highs would reconfirm the current bullish trend and favor additional intermediate-term strength. Alternatively, an extended decline phase that returns to the last intermediate-term cycle low (ITCL) […]

Continue Reading

Short-term Forecast for August 16, 2019

| August 16, 2019

Stock Market Commentary We are 6 sessions into the beta phase decline of the short-term cycle that began in July. The magnitude and duration of the last alpha phase decline signals the likely transition to a bearish trend and favors additional short-term weakness. S&P 500 Index Daily Chart Analyses The following technical and cycle analyses provide short-term forecasts for […]

Continue Reading

Short-term Forecast for August 15, 2019

| August 15, 2019

Stock Market Commentary We are 5 sessions into the beta phase decline of the short-term cycle that began in July. The magnitude and duration of the last alpha phase decline signals the likely transition to a bearish trend and favors additional short-term weakness. S&P 500 Index Daily Chart Analyses The following technical and cycle analyses provide short-term forecasts for […]

Continue Reading

Short-term Forecast for August 14, 2019

| August 14, 2019

Stock Market Commentary A cycle high signal was generated today, indicating that the beta high (BH) of the current short-term cycle likely formed on August 8. We are 4 sessions into the beta phase decline of the short-term cycle that began in July. The magnitude and duration of the last alpha phase decline signals the […]

Continue Reading

Short-term Forecast for August 13, 2019

| August 13, 2019

Stock Market Commentary We are 6 sessions into the beta phase rally of the short-term cycle that began in July. The magnitude and duration of the last alpha phase decline signals the likely transition to a bearish trend and favors additional short-term weakness during the next decline phase. S&P 500 Index Daily Chart Analyses The […]

Continue Reading

Short-term Forecast for August 12, 2019

| August 12, 2019

Stock Market Commentary We are 5 sessions into the beta phase rally of the short-term cycle that began in July. The beta high (BH) of the current cycle may have formed on August 8, although we would need to see additional weakness to confirm that development. The magnitude and duration of the last alpha phase […]

Continue Reading

Intermediate-term Forecast for August 10, 2019

| August 9, 2019

Stock Market Commentary We are 2 weeks into the decline phase of the intermediate-term cycle that began in June. A quick rebound followed by a move up to new highs would reconfirm the current bullish trend and favor additional intermediate-term strength. Alternatively, an extended decline phase that returns to the last intermediate-term cycle low (ITCL) […]

Continue Reading

Short-term Forecast for August 9, 2019

| August 9, 2019

Stock Market Commentary We are 4 sessions into the beta phase rally of the short-term cycle that began in July. The magnitude and duration of the last alpha phase decline signals the likely transition to a bearish trend and favors additional short-term weakness during the next decline phase. S&P 500 Index Daily Chart Analyses The […]

Continue Reading

Short-term Forecast for August 8, 2019

| August 8, 2019

Stock Market Commentary A cycle low signal was nearly generated today, indicating that the beta low (BL) of the current short-term cycle likely formed on August 5. We are 3 sessions into the beta phase rally of the short-term cycle that began in July. The magnitude and duration of the last alpha phase decline signals […]

Continue Reading

Short-term Forecast for August 7, 2019

| August 7, 2019

Stock Market Commentary We are 8 sessions into the alpha phase decline of the short-term cycle that began in July. The magnitude and duration of the alpha phase decline signals the likely transition to a bearish trend and favors additional short-term weakness. S&P 500 Index Daily Chart Analyses The following technical and cycle analyses provide short-term forecasts for the […]

Continue Reading