Author Archive: PMI

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Intermediate-term Forecast for August 24, 2019

| August 23, 2019

Stock Market Commentary We are 4 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) […]

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Short-term Forecast for August 23, 2019

| August 23, 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 22. We are 2 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 […]

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Potential Short-term Signal: Stock Market Cycle Analysis

| August 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 2,878 on the S&P 500 index today would generate a cycle high signal and indicate that the beta high (BH) of the current short-term cycle likely formed on […]

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Short-term Forecast for August 22, 2019

| August 22, 2019

Stock Market Commentary We are 13 sessions into the beta phase rally of the short-term cycle that began in July. The beta high (BH) of the current cycle is imminent and it could form at any time. The magnitude and duration of the last alpha phase decline signals the likely transition to a bearish trend […]

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Short-term Forecast for August 21, 2019

| August 21, 2019

Stock Market Commentary We are 12 sessions into the beta phase rally of the short-term cycle that began in July. The beta high (BH) of the current cycle will likely form sometime during the next 2 sessions. The magnitude and duration of the last alpha phase decline signals the likely transition to a bearish trend […]

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Short-term Forecast for August 20, 2019

| August 20, 2019

Stock Market Commentary We are 11 sessions into the beta phase rally of the short-term cycle that began in July. The beta high (BH) of the current cycle will likely form sometime during the next 3 sessions. The magnitude and duration of the last alpha phase decline signals the likely transition to a bearish trend […]

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Short-term Forecast for August 19, 2019

| August 19, 2019

Stock Market Commentary The strong advance today has caused a change to our preferred scenario, and it is now likely that the beta phase rally of the current short-term cycle is still in progress. We are 10 sessions into the beta phase rally of the short-term cycle that began in July. The magnitude and duration […]

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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) […]

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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 […]

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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 […]

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