Weekly forecast for S&P 500 cash 2011

[Pat494]

The US numbers don't look very promising and the European problems of likely debt default - so I shall say down this week - 1247

 

[dpinpon]

My guessing for this week is we get a rangebound ending at 1295

 

[robster970]

1248 again for me.

 

[isatrader]

Sentiment was strongly negative last week but the S&P managed a slightly higher close after just falling short of touching the 200 day moving average. I still personally think we've got lower to go this summer as the breadth indicators have more room to go by traditional standards. But I'm going for a short term bounce this week as the 200 day moving average is often a great place to buy so could generate some buying pressure.

1280 again for me please

 

[BillSimmons]

1302

 

[Gaffs1964]

1295 for me this week please.

 

[Atilla]

Play it again Pat... 1296 for me please - two weeks running.

I think the DOW will eventually test 1150.

Bearish overall - but expecting some upside on Euro/Greece news spin this week.

 

[pipert]

1250

 

[D.Gilberto]

http://www.chartupload.com/images/25991818872973096344.png

That is my forecast for this week! EW/momentum/CS/ Higher TF for direction and MACD/RSI

1250.00

 

[wackypete2]

I'll go with the extreme... UP 1305

Peter

 

[tim3]

1260 please Pat.

 

[Pat494]

http://www.chartupload.com/images/25991818872973096344.png

That is my forecast for this week! EW/momentum/CS/ Higher TF for direction and MACD/RSI

1250.00

Welcome to the comp.
Nice looking chart you got there !

 

[D.Gilberto]

Thanks pat 494!

Its a great thread!

 

[robster970]

I'll go with the extreme... UP 1305

Peter

Oooohh, contrarian fancy pants eh.............

 

[Pat494]

average = 1275
weighted av = 1275

up 8
down 5

good computational dexterity all

 

[Pat494]

For Week Ending Friday 24th June at 1268.4

Name...........Call.........Direction.......Podium .........sub Total……………Total

Isatrader……….1280.….……0………………….0…………………….0……………… … ….19
Av………………….1275…….….0………………….0…………………….0……….….…. … …14
Pat494…………..1247……..…1………………….0…………………….1……………… . .….13
Tim3............1260........1...............3.. . .............4....................11
robster970…….1248………..1………….………1…………………….2…………..… …… .…10
wackypete2.….1305………..0……….………….0……….……….…0………….…… … …..9
axp……………….------.……….0……….………….0…………….………0………………… … . .7
Wt av…………...1276.………….0…….…….…….0………………..….0……….…… …… . ..7
Gaffs1964……..1295………….0…………….……0…………….………0……………… … .…..5
dpinpon.........1295.........0..............0... .............0......................4
Atilla……………..1296………….0……………………0……………………0……………………… . .4
pipert...........1250..........1...............2.. ...............3....................4
domgilberto……1250…………..1………………….2……………………..3………………………..3
brettus.........-----….........0.................0.. ..............0....................2
BillSimmons....1302..........0................0.... .............0....................1

Our winner this week and flying up the list is Tim3. Good one to you.
There is only 1 more week in this quarter so isatrader is uncatchable and has won the 2nd quarter. 2nd and 3rd positions are still open though.

:clap:

 

[robster970]

Hey Pat - I think I should be on 10 rather than 12 (8+2) and behind Tim

 

[Pat494]

Hey Pat - I think I should be on 10 rather than 12 (8+2) and behind Tim

I applaud your honesty !

 

[isatrader]

For Week Ending Friday 24th June at 1268.4

Name...........Call.........Direction.......Podium .........sub Total……………Total

Isatrader……….1280.….……0………………….0…………………….0……………… … ….19
Av………………….1275…….….0………………….0…………………….0……….….…. … …14
Pat494…………..1247……..…1………………….0…………………….1……………… . .….13
Tim3............1260........1...............3.. . .............4....................11
robster970…….1248………..1………….………1…………………….2…………..… …… .…10
wackypete2.….1305………..0……….………….0……….……….…0………….…… … …..9
axp……………….------.……….0……….………….0…………….………0………………… … . .7
Wt av…………...1276.………….0…….…….…….0………………..….0……….…… …… . ..7
Gaffs1964……..1295………….0…………….……0…………….………0……………… … .…..5
dpinpon.........1295.........0..............0... .............0......................4
Atilla……………..1296………….0……………………0……………………0……………………… . .4
pipert...........1250..........1...............2.. ...............3....................4
domgilberto……1250…………..1………………….2……………………..3………………………..3
brettus.........-----….........0.................0.. ..............0....................2
BillSimmons....1302..........0................0.... .............0....................1

Our winner this week and flying up the list is Tim3. Good one to you.
There is only 1 more week in this quarter so isatrader is uncatchable and has won the 2nd quarter. 2nd and 3rd positions are still open though.

:clap:

Woo hoo! Am very pleased with that.
I'd like thank the people that made this possible, he he:
#1) The NYSE Bullish Percent Index ($BPNYA) - head coach of my team, and made a superb call of when to go defensive at the start of May.
#2) The NYSE Percent of Stocks above their 200 day moving average ($NYA200R)
and finally
#3) The NYSE Percent of Stocks above their 50 day moving average ($NYA50R).

Without you guys I wouldn't have any money left in my account :whistling

 

[robster970]

I applaud your honesty !

I'm just that kind of guy.

Now if you'd have given me £20 to go to the bar to get a round and the round came to £12 but the barman gave me £38 change thinking I'd given him a £50 instead of a £20, you would only have got £8 back off me.............