Author Archive: PMI

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Intermediate-term Forecast for October 5, 2019

| October 4, 2019

Stock Market Commentary The decline this week indicates that the second half cycle high (HCH) of the currently intermediate-term cycle likely formed during the week ending September 13. We are 3 weeks into the second decline phase of the intermediate-term cycle that began in June. A rebound and move up to new highs would reconfirm […]

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Short-term Forecast for October 4, 2019

| October 4, 2019

Stock Market Commentary A cycle low signal was generated today, indicating that a new short-term cycle has likely begun. We are 2 sessions into the alpha phase rally of the short-term cycle that began yesterday. A quick reversal followed by an extended alpha phase decline that moves below the short-term low in August at 2,840 […]

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Short-term Forecast for October 3, 2019

| October 3, 2019

Stock Market Commentary We are 15 sessions into the beta phase decline of the short-term cycle that began in early August. The latest short-term cycle low (STCL) could form at any time, if it has not already occurred today. An extended beta phase decline that moves below the last STCL at 2,840 would reconfirm the […]

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Short-term Forecast for October 2, 2019

| October 2, 2019

Stock Market Commentary We are 14 sessions into the beta phase decline of the short-term cycle that began in early August. An extended beta phase decline that moves below the last short-term cycle low (STCL) at 2,840 would reconfirm the current bearish trend and favor additional short-term weakness. Alternatively, a quick rebound followed by a […]

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Short-term Forecast for October 1, 2019

| October 1, 2019

Stock Market Commentary The sharp decline today indicates that the current short-term cycle likely began in early August. We are 13 sessions into the beta phase decline of the current short-term cycle. An extended beta phase decline that moves below the last short-term cycle low (STCL) at 2,840 would reconfirm the current bearish trend and […]

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Short-term Forecast for September 30, 2019

| September 30, 2019

Stock Market Commentary We are 12 sessions into the alpha phase decline of the short-term cycle that began in late August. An extended alpha phase decline that moves below the last short-term cycle low (STCL) at 2,840 would reconfirm the current bearish trend and favor additional short-term weakness. Alternatively, a quick rebound followed by a […]

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Intermediate-term Forecast for September 28, 2019

| September 27, 2019

Stock Market Commentary We are 5 weeks into the second rally phase of the intermediate-term cycle that began in June. A move up to new highs would reconfirm the current bullish trend and favor additional intermediate-term strength. Alternatively, a quick reversal followed by an extended decline phase that returns to the last intermediate-term cycle low […]

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Short-term Forecast for September 27, 2019

| September 27, 2019

Stock Market Commentary We are 11 sessions into the alpha phase decline of the short-term cycle that began in late August. An extended alpha phase decline that moves below the last short-term cycle low (STCL) at 2,840 would reconfirm the current bearish trend and favor additional short-term weakness. Alternatively, a quick rebound followed by a […]

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Short-term Forecast for September 26, 2019

| September 26, 2019

Stock Market Commentary The magnitude and duration of the current decline indicate that the latest short-term cycle likely began in late August. We are 10 sessions into the alpha phase decline of the current short-term cycle. An extended alpha phase decline that moves below the last short-term cycle low (STCL) at 2,840 would reconfirm the […]

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Short-term Forecast for September 25, 2019

| September 25, 2019

Stock Market Commentary We are 9 sessions into the beta phase decline of the short-term cycle that began in August. An extended beta phase decline that moves below the last short-term cycle low (STCL) at 2,840 would reconfirm the current bearish trend and favor additional short-term weakness. Alternatively, a quick rebound followed by a move […]

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