This week we have a stock market forecast for the week of 8/1/2021 from our friend Bo Yoder of the Market Forecasting Academy. Be sure to leave a comment and let us know what you think!
There will be no forecast this week as I am moving my family across the country and had to disassemble my computer systems, making it impossible to measure and analyze all the data necessary for accurate forecasting.
This enforced pause, as well as the stop loss triggered in SPGI after it cycled down nicely out of the gate, acts as a nice reset, and I thought you would find it interesting if I share what’s going through my mind tactically at the moment.
All traders, IF they are to be (and remain) successful, are expected, heuristic learners.
The word “Heuristic” is defined as.
“Enabling someone to discover or learn something for themselves.
"A “hands-on” or interactive heuristic approach to learning"
And that’s exactly what’s been happening to me over the past few weeks.
You see, the methodology that I use to forecast the markets works like a flashlight you shine out into the infinite darkness of uncertainty.
Let me explain... Continue reading "Weekly Stock Market Forecast"