Author Archive: PMI

rss feed

Short-term Forecast for May 12, 2020

| May 12, 2020

Stock Market Commentary We are 15 sessions into the beta phase rally of the short-term cycle that began on March 24. The beta high (BH) of the current cycle is overdue and it could form at any time, if it has not already occurred today. An extended beta phase decline that moves below the last […]

Continue Reading

Short-term Forecast for May 11, 2020

| May 11, 2020

Stock Market Commentary We are 14 sessions into the beta phase rally of the short-term cycle that began on March 24. The beta high (BH) of the current cycle is imminent and it could form at any time. An extended beta phase decline that moves below the last short-term cycle low (STCL) at 2,191 would […]

Continue Reading

Intermediate-term Forecast for May 9, 2020

| May 9, 2020

Stock Market Commentary We are 7 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 […]

Continue Reading

Short-term Forecast for May 8, 2020

| May 8, 2020

Stock Market Commentary We are 13 sessions into the beta phase rally of the short-term cycle that began on March 24. The beta high (BH) of the current cycle may have formed on April 29. A close below 2,815 on the S&P 500 index during the next session would generate a cycle high signal and […]

Continue Reading

Short-term Forecast for May 7, 2020

| May 7, 2020

Stock Market Commentary We are 12 sessions into the beta phase rally of the short-term cycle that began on March 24. The beta high (BH) of the current cycle may have formed on April 29. A close below 2,815 on the S&P 500 index during the next session would generate a cycle high signal and […]

Continue Reading

Short-term Forecast for May 6, 2020

| May 6, 2020

Stock Market Commentary We are 11 sessions into the beta phase rally of the short-term cycle that began on March 24. The beta high (BH) of the current cycle may have formed on April 29. A close below 2,815 on the S&P 500 index during the next session would generate a cycle high signal and […]

Continue Reading

Short-term Forecast for May 5, 2020

| May 5, 2020

Stock Market Commentary We are 10 sessions into the beta phase rally of the short-term cycle that began on March 24. The beta high (BH) of the current cycle may have formed on April 29. A close below 2,815 on the S&P 500 index during the next session would generate a cycle high signal and […]

Continue Reading

Short-term Forecast for May 4, 2020

| May 4, 2020

Stock Market Commentary We are 9 sessions into the beta phase rally of the short-term cycle that began on March 24. The beta high (BH) of the current cycle may have formed on April 29. A close below 2,815 on the S&P 500 index during the next session would generate a cycle high signal and […]

Continue Reading

Intermediate-term Forecast for May 2, 2020

| May 1, 2020

Stock Market Commentary We are 6 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 […]

Continue Reading

Short-term Forecast for May 1, 2020

| May 1, 2020

Stock Market Commentary We are 8 sessions into the beta phase rally of the short-term cycle that began on March 24. A cycle high setup occurred today, suggesting that the beta high (BH) of the current cycle may have formed on April 29. A close below current levels during the next session would generate a […]

Continue Reading