Author Archive: PMI

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Short-term Forecast for July 29, 2020

| July 29, 2020

Stock Market Commentary The strong advance today indicates that the beta low (BL) of the current cycle likely formed on July 24. We are 3 sessions into the beta phase rally of the short-term cycle that began on June 27. An extended beta phase rally that moves up to new highs would reconfirm the current […]

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Short-term Forecast for July 28, 2020

| July 28, 2020

Stock Market Commentary We are 4 sessions into the alpha phase decline of the short-term cycle that began on June 27. A quick rebound followed by an extended beta phase rally that moves up to new highs would reconfirm the current bullish short-term trend and forecast additional gains. Alternatively, an extended alpha phase decline that […]

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Short-term Forecast for July 27, 2020

| July 27, 2020

Stock Market Commentary We are 3 sessions into the alpha phase decline of the short-term cycle that began on June 27. A quick rebound followed by an extended beta phase rally that moves up to new highs would reconfirm the current bullish short-term trend and forecast additional gains. Alternatively, an extended alpha phase decline that […]

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Intermediate-term Forecast for July 25, 2020

| July 25, 2020

Stock Market Commentary We are 18 weeks into the rally phase of the intermediate-term cycle that began in March. The magnitude of the last decline phase signals the likely transition to a bearish intermediate-term trend and favors additional losses during the next decline phase. S&P 500 Index Weekly Chart Analyses The following technical and cycle […]

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Short-term Forecast for July 24, 2020

| July 24, 2020

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 July 22. We are 2 sessions into the alpha phase decline of the short-term cycle that began on June 27. A quick rebound followed by an extended beta phase rally that […]

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Short-term Forecast for July 23, 2020

| July 23, 2020

Stock Market Commentary We are 18 sessions into the alpha phase rally of the short-term cycle that began on June 27. The alpha high (AH) of the current cycle is overdue and it could form at any time, if it has not already occurred on July 22. An extended alpha phase rally that moves up […]

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Short-term Forecast for July 22, 2020

| July 22, 2020

Stock Market Commentary We are 17 sessions into the alpha phase rally of the short-term cycle that began on June 27. The alpha high (AH) of the current cycle is overdue and it could form at any time. An extended alpha phase rally that moves up to substantial new highs would reconfirm the current bullish […]

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Short-term Forecast for July 21, 2020

| July 21, 2020

Stock Market Commentary We are 16 sessions into the alpha phase rally of the short-term cycle that began on June 27. The alpha high (AH) of the current cycle is overdue and it could form at any time. An extended alpha phase rally that moves up to substantial new highs would reconfirm the current bullish […]

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Short-term Forecast for July 20, 2020

| July 20, 2020

Stock Market Commentary We are 15 sessions into the alpha phase rally of the short-term cycle that began on June 27. The alpha high (AH) of the current cycle is imminent and it could form at any time. An extended alpha phase rally that moves up to new highs would reconfirm the current bullish short-term […]

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Intermediate-term Forecast for July 18, 2020

| July 17, 2020

Stock Market Commentary We are 17 weeks into the rally phase of the intermediate-term cycle that began in March. The magnitude of the last decline phase signals the likely transition to a bearish intermediate-term trend and favors additional losses during the next decline phase. S&P 500 Index Weekly Chart Analyses The following technical and cycle […]

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