Weekly forecast for S&P 500

This is a discussion on Weekly forecast for S&P 500 within the Indices forums, part of the Markets category; I hope I will be able to start a bit of interesting competition to forecast the weekly Friday close of ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Apr 11, 2010, 10:41am   #1
 
Pat494's Avatar
Joined Mar 2004
Weekly forecast for S&P 500

I hope I will be able to start a bit of interesting competition to forecast the weekly Friday close of the S&P 500. Unless Sharkey & co anti up some prize or other ( hint hint ) it is for bragging rights only.

So to get the ball rolling my forecast ( best guess ) is 1198.7 for week ending 16th April 2010
__________________
Love your own area.
Long live NIMBYISM

for quality of life.

The Westcountry is being overrun with
grotty new estates
Pat494 is offline   Reply With Quote
Old Apr 15, 2010, 3:57am   #2
 
hwsteele's Avatar
Joined May 2004
Re: Weekly forecast for S&P 500

Quote:
Originally Posted by Pat494 View Post
I hope I will be able to start a bit of interesting competition to forecast the weekly Friday close of the S&P 500. Unless Sharkey & co anti up some prize or other ( hint hint ) it is for bragging rights only.

So to get the ball rolling my forecast ( best guess ) is 1198.7 for week ending 16th April 2010
I'll bite.
I haven't look at the S&P 500 in some time as I have been working on the forex side of things but I'll say 1185.
__________________
Always wanting to learn more!
hwsteele is offline   Reply With Quote
Old Apr 17, 2010, 7:26pm   #3
 
Pat494's Avatar
Joined Mar 2004
Re: Weekly forecast for S&P 500

Pat494 started this thread
Quote:
Originally Posted by hwsteele View Post
I'll bite.
I haven't look at the S&P 500 in some time as I have been working on the forex side of things but I'll say 1185.
S&P Friday close 1192.1

I guess thats 1 up to you hw. I was nearer 6.6 but you got the direction correct, on 7.1 away
I was well on track until the Goldman thing came up.
This week I am forecasting 1197 for week ending 23rd April
__________________
Love your own area.
Long live NIMBYISM

for quality of life.

The Westcountry is being overrun with
grotty new estates

Last edited by Pat494; Apr 18, 2010 at 10:44am.
Pat494 is offline   Reply With Quote
Old Apr 19, 2010, 7:24pm   #4
 
hwsteele's Avatar
Joined May 2004
Re: Weekly forecast for S&P 500

Quote:
Originally Posted by Pat494 View Post
S&P Friday close 1192.1

I guess thats 1 up to you hw. I was nearer 6.6 but you got the direction correct, on 7.1 away
I was well on track until the Goldman thing came up.
This week I am forecasting 1197 for week ending 23rd April
Well to tell the truth I used an old trick that only works with the third Friday of each month.
And I wanted to say 1185-1190 for the low of the day, but you gave the end of day criteria so I followed. I knew Friday would be a big down day cause of a couple a cycles coming out then, but got the price target from the SPY options that were expiring this month.
In fact using the option method would have worked with out the timing cycles.

Not having that to work with this week it will be a bit more of a challenge.

But I will say...

1174, but I like 1188 also.

But I did say 1174 first so that's my number!
__________________
Always wanting to learn more!
hwsteele is offline   Reply With Quote
Old Apr 23, 2010, 11:45pm   #5
 
hwsteele's Avatar
Joined May 2004
Re: Weekly forecast for S&P 500

Quote:
Originally Posted by Pat494 View Post
S&P Friday close 1192.1

I guess thats 1 up to you hw. I was nearer 6.6 but you got the direction correct, on 7.1 away
I was well on track until the Goldman thing came up.
This week I am forecasting 1197 for week ending 23rd April
Looks like you won the prize this week!
__________________
Always wanting to learn more!
hwsteele is offline   Reply With Quote
Old Apr 24, 2010, 9:39am   #6
 
Pat494's Avatar
Joined Mar 2004
Re: Weekly forecast for S&P 500

Pat494 started this thread
Quote:
Originally Posted by hwsteele View Post
Looks like you won the prize this week!
Friday 23rd April Close 1217.3

Well that's 1-1. At least I'm giving you a bit of competition. Taking into account your lower forecast last week I am supposing you are thinking it may have topped out ?
The company results seem to be keeping the market buoyant for the time being. I am keeping an eye open for head 'n shoulders TA though.
I will post my next week's forecast soon.
__________________
Love your own area.
Long live NIMBYISM

for quality of life.

The Westcountry is being overrun with
grotty new estates
Pat494 is offline   Reply With Quote
Old Apr 24, 2010, 9:58am   #7
 
Pat494's Avatar
Joined Mar 2004
Re: Weekly forecast for S&P 500

Pat494 started this thread This week I am forecasting 1225 for week ending 30th April

It's going to pull-back fairly soon but maybe not this coming week imho
__________________
Love your own area.
Long live NIMBYISM

for quality of life.

The Westcountry is being overrun with
grotty new estates
Pat494 is offline   Reply With Quote
Old Apr 24, 2010, 6:09pm   #8
 
hwsteele's Avatar
Joined May 2004
Re: Weekly forecast for S&P 500

Well I think the end of May might be a better time for a nice top.
Looking for the top to be somewhere around 1260
Could be wrong but..

I thought we might get some sideways this past week that's why I guessed what I did.

I am going to say 1210 for this Friday.
__________________
Always wanting to learn more!
hwsteele is offline   Reply With Quote
Old Apr 24, 2010, 10:02pm   #9
Joined Sep 2008
Re: Weekly forecast for S&P 500

1229.25
koolblue is offline   Reply With Quote
Old Apr 26, 2010, 4:28pm   #10
 
hwsteele's Avatar
Joined May 2004
Re: Weekly forecast for S&P 500

Quote:
Originally Posted by koolblue View Post
1229.25
Good to see you back if just for one post!
__________________
Always wanting to learn more!
hwsteele is offline   Reply With Quote
Old May 1, 2010, 8:44am   #11
 
Pat494's Avatar
Joined Mar 2004
Re: Weekly forecast for S&P 500

Pat494 started this thread Good one hw. I make that 2 - 1 to you.
I was expecting a pull back but not so soon.
__________________
Love your own area.
Long live NIMBYISM

for quality of life.

The Westcountry is being overrun with
grotty new estates
Pat494 is offline   Reply With Quote
Old May 1, 2010, 9:53am   #12
 
Pat494's Avatar
Joined Mar 2004
Re: Weekly forecast for S&P 500

Pat494 started this thread My forecast for week ending 7th May is

1204

It seems to me to be topping out
__________________
Love your own area.
Long live NIMBYISM

for quality of life.

The Westcountry is being overrun with
grotty new estates
Pat494 is offline   Reply With Quote
Old May 1, 2010, 6:09pm   #13
 
hwsteele's Avatar
Joined May 2004
Re: Weekly forecast for S&P 500

I think you may be right about the market. At least some sideways action for a week or more.
After looking at things my best guess will be 1180.
I hope Koolblue keeps making his guess too.
It could get interesting if we had about five or ten people "playing".
__________________
Always wanting to learn more!
hwsteele is offline   Reply With Quote
Old May 1, 2010, 9:51pm   #14
 
N Rothschild's Avatar
Joined Oct 2008
Re: Weekly forecast for S&P 500

1155
__________________
"Let me issue and control a nation's money and I care not who writes the laws." Mayer Amschel Rothschild

Bullsh!t, Bearsh!t all smells the same to me!

"It is not cheap to develop automated systems , mine already cost over $1m. " oildaytrader
N Rothschild is offline   Reply With Quote
Old May 2, 2010, 12:01am   #15
 
elitejets's Avatar
Joined Dec 2008
Re: Weekly forecast for S&P 500

You guys are brave predicting the close on NFP Friday!
I am going to say 1170 low for the week
elitejets is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
S&P 500 forecast feedback requested cpw Indices 13 Sep 2, 2010 11:22am
S & P 500 ukdaytrader Indices 21 May 4, 2009 10:23am
S&P going to 500? simon1080 General Trading Chat 10 Oct 12, 2008 6:42pm
S&P/Dow weekly forecast Pat494 Indices 22 Sep 20, 2008 11:13pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)