Weekly Stock Market Forecast

This week we have a stock market forecast for the week of 1/16/2022 from our friend Bo Yoder of the Market Forecasting Academy. Be sure to leave a comment and let us know what you think!

The S&P 500 (SPY)

SPY Weekly Chart - Stock Market Forecast

While my forecast for a weak or "false" breakout in my last forecast has proven correct, I still won't have that much confidence in the sustainability of this top until we have a clear break below the support level at $450 per share and a weekly close below that area.

The Fed is running the show with its endless printing of money. Imagine yourself back in high school and working your tail off to scrape the money together to buy a car. In the meantime, you see several kids show up at your school in brand new BMWs that daddy bought. Continue reading "Weekly Stock Market Forecast"

Weekly Stock Market Forecast

This week we have a stock market forecast for the week of 1/2/2022 from our friend Bo Yoder of the Market Forecasting Academy. Be sure to leave a comment and let us know what you think!

The S&P 500 (SPY)

SPY Weekly Chart - Stock Market Forecast

The Fed again interjected itself into the markets, and the downside follow through I was forecasting was squelched by the end of trading on Monday, then we flew back up to whipsaw out all the stops set above the highs! Since then, we sit and spin.

I still don't believe the breakout is sustainable and that we will turn lower. However, it may take a week or two to burn off the speed of the rally back up to the highs.

I'm not going to change any of my open trades, and this whipsaw reinforces my choice to take short exposure in the last forecast in individual stocks vs. the market index! Continue reading "Weekly Stock Market Forecast"

Weekly Stock Market Forecast

This week we have a stock market forecast for the week of 12/19/21 from our friend Bo Yoder of the Market Forecasting Academy. Be sure to leave a comment and let us know what you think!

The S&P 500 (SPY)

SPY Weekly Chart - Stock Market Forecast

In last week’s forecast, I said... ”if we turn then things should begin to accelerate to the downside.”

Well, this week, the breakout attempt came and was rejected, so for the first time in what feels like forever, I have the confidence and clarity to call a significant market top and get aggressive this week!

It's been a long time of boredom and patience; may it pay off in the next few weeks! Continue reading "Weekly Stock Market Forecast"

Weekly Stock Market Forecast

This week we have a stock market forecast for the week of 12/12/21 from our friend Bo Yoder of the Market Forecasting Academy. Be sure to leave a comment and let us know what you think!

The S&P 500 (SPY)

SPY Weekly Chart - Stock Market Forecast

The S&P pump started again in earnest on Tuesday and basically hasn't done anything since. If we turn lower on Monday, it would solidify the lower high I have been forecasting. We are so close to the highs that I would suspect there will be some attempt at a breakout, even if it is short-lived.

So next week will be a pivotal one; if we turn, then things should begin to accelerate to the downside. If we break out, then I'm stuck back into a holding pattern as I wait for the energy to dissipate. Continue reading "Weekly Stock Market Forecast"

Weekly Stock Market Forecast

This week we have a stock market forecast for the week of 12/5/21 from our friend Bo Yoder of the Market Forecasting Academy. Be sure to leave a comment and let us know what you think!

The S&P 500 (SPY)

Spy Weekly Chart - Stock Market Forecast

All the waiting and watching has paid off nicely as the S&P has topped and started to trend lower in earnest. This "break" will freak some folks out, but I still believe my forecast will prove true that this selling will catch a bid and reverse the market for a short period of time. Once that momentum burns off, a lower high will form, completing a "head and shoulders" pattern, and THEN WE CRASH. Continue reading "Weekly Stock Market Forecast"