S&P 500 cash weekly competition for 2017 with PRIZES!

joseph1986 said:
my new friend....S&P/TSX Composite Index
however, it has a tendency to be the U.S. b1tch....but it hasn't moved over 1% from its record.
So let's all embrace the canadians and say goodbye to the american casino
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Know what you mean and I feel the same about FTSE with all it's different sectors which can skew the market. Any sector can take the market higher or lower irrespective of what the rest of the market does. So if Banks have a bad day, rest of FTSE has a bad hairy day too. Crazy stuff.

Finding it easier to trades stocks. Moves and ranges tend to be more predictable and easier to read.


Having said all that, you could continue forecasting, participating in the competition you never know it may help you read her turns better!
 
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well

Atilla said:
Know what you mean and I feel the same about FTSE with all it's different sectors which can skew the market. Any sector can take the market higher or lower irrespective of what the rest of the market does. So if Banks have a bad day, rest of FTSE has a bad hairy day too. Crazy stuff.

Finding it easier to trades stocks. Moves and ranges tend to be more predictable and easier to read.


Having said all that, you could continue forecasting, participating in the competition you never know it may help you read her turns better!
Click to expand...

If snp and dow attain several weeks showing comfortable declines and rises, the data analysis should be easier. The >1% rises just screwed up the pattern recognition....so until 'normal' data starts to populate I can't forecast anything in the U.S.
 
Federal Reserve chair Janet Yellen said recently that a rate hike “would likely be appropriate” at the next meeting of the central bank later in March. Markets agree, but today’s labour market report will be crucial.

The monthly report on the US labour market – the always keenly-anticipated Nonfarm Payrolls – is due at 13:30 (GMT).


The NFP report is a bellwether for the US economy and the key indicator for the future path of interest rates. With the Fed widely expected to raise the federal funds rate when it meets next week, the release will be as closely followed as ever.

Wednesday’s Nonfarm employment report from payroll processing firm ADP rose by 298,000 in February to an 11-year high, raising expectations that the official Bureau of Labor Statistics report today will be impressive.

The report usually results in volatility in US Treasury bonds and the US dollar, which are the most sensitive markets to interest rate expectations.
 
OMG it's taken back 2378 and now just to put icing on the cake, it is moving back down to the very strong support range 2370-75 area.

I think it's going to be very close between Signalcalc, Mini and Average.

I do hope Average takes gold then CV will only get 1 point. :cheesy:
 
Atilla said:
OMG it's taken back 2378 and now just to put icing on the cake, it is moving back down to the very strong support range 2370-75 area.

...
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Which it sailed through and has now become resistance.

It can easily fall ... ahh you know the rest.
 
Buoyancy. That is what this indefatigable equity market has come to be known for over a four month stretch that has failed to yield a decline of at least 1% for either the S&P 500 or the Dow Jones Industrial Average. That is 102 trading sessions dating back to Oct. 11.

Put another way, Wall Street investors have gone through Halloween, a stunning election victory, weeks of shock, Veterans Day, Thanksgiving, Christmas, Hanukkah, New Years, Martin Luther King Jr. Day, Valentine’s Day, Presidents Day, four ballistic-missile firings by North Korea a tumble in oil prices, with nary a 1% blip neither from the S&P 500 SPX, +0.05% nor the Dow industrials DJIA, -0.03%

http://www.marketwatch.com/story/it...ck-markets-last-bearish-confession-2017-03-09
 
The nize black box does it again.


Write up is yours should you choose to accept assignment!!!


:)
 

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Atilla said:
The nize black box does it again.


Write up is yours should you choose to accept assignment!!!


:)
Click to expand...

Thanks Attila! – That's a job for tomorrow. (Stroke of luck with that result though – when her Ladyship generously offered to vacuum out my office earlier this week she discovered and removed a half-eaten pizza and a disused Pot Noodles blocking up the rear ventilation fan on The Box. It seems to have done the trick.:D)
 
Well guys, thinking out aloud, I really feel I've done well skipping last weeks forecast as I would have gone long based on trend following system whilst thinking otherwise.

The markets got to get on down to get on up. It's just a game. This week's forecast was effectively made last week by me but didn't post the number, honest. I too was thinking around the 2400 mark. Wacky and Signal have already pipped me to the post like thunder bolts they've put their numbers in already. :-0 :eek: (y)

So in order not to be too close to either, I've divided the difference and thus taking the middle ground. Have a feeling it will be close if markets close up and 2400 looks like the most obvious level to take.


2401.75 :)
 
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