Today: Neutral daily forecast. Positive weekly forecast. Negative monthly and annual forecast.Tomorrow: Ditto.I closed my short position down -7.11% since opening. Clearly, invest at your own risk.
Month: November 2023
Short-term Forecast 2023-11-14
Today: All forecasts are negative.Tomorrow: All forecasts are negative.My open short position with leverage is at -6.21% (almost entirely thanks to today). This is definitely part of why there is the daily disclaimer to mimic at your own risk. The short signal from the forecast is now louder. However, please do not take this as… Continue reading Short-term Forecast 2023-11-14
Short-term Forecast 2023-11-13
Today: All forecasts are negative, but the weekly forecast is on the cusp of neutral. Tomorrow: Ditto I was tempted to exit, rather than flirt with a neutral forecast; but since the forecast becomes more strongly tomorrow, I opted not to add extra transactions. (Current position: +.67%) As always, invest at your own risk. I… Continue reading Short-term Forecast 2023-11-13
Short-term Forecast 2023-11-10
Today: All forecasts are negative.Monday: All forecasts but weekly are negative. The weekly forecast is neutral.Thus, I entered a short position with leverage today.Invest at your own risk.
Short-term Forecast 2023-11-09
Today: Daily forecast is neutral. Weekly forecast is positive. Monthly forecast is negative.Tomorrow: All forecasts are negative.I exited my long position for a position gain of +.03%. I anticipate shorting the market with leverage tomorrow if all forecasts continue to point the same direction.Invest at your own risk.
Short-term Forecast 2023-11-08
Today: Positive daily and weekly forecasts. Negative monthly and annual forecasts. Tomorrow: Negative daily forecast and positive weekly forecast. Negative monthly and annual forecasts. Current long position is at +.75% since opening. I anticipate exiting the market tomorrow. Invest at your own risk.
Short-term forecast 2023-11-07
Today: Daily and weekly forecasts are positive. Monthly forecast is negative. Annual forecast is negative.Tomorrow: Ditto.My long position without leverage opened yesterday is at +.62%.
Short-term forecast 2023-11-06 (belated)
Today: Positive daily and weekly forecasts. Neutral monthly forecast. Negative annual forecast.Closed long with leverage -.01% return from position.
Recession finally coming?
For those who don’t live and die by the BLS calendar, today was the monthly Friday for the jobs report. The unemployment rate is 3.9%, which is admittedly historically low, but its direction is a very strong indicator of when a recession is underway (frequently before it has been declared). I’m definitely not saying that… Continue reading Recession finally coming?
Short-term Forecast 2023-11-03
Today: Daily, weekly, and monthly Forecasts are up. Annual forecast is still pretty bearish, but has weakened considerably in recent days.Tomorrow: Daily, weekly forecast is up, but the monthly forecast has shifted back to neutral.Positioning: I closed out of my unleveraged long position +5.68% in favor of shifting to long with a leverage of x2.As… Continue reading Short-term Forecast 2023-11-03