EminiForecaster Blog and Update History

Accurate Stock Market Forecasts for the Emini SP and other Futures

Archive for January, 2013

The Tentative EminiForecaster forecast for the trading week ending January 18th has been posted.

http://eminiforecaster.com/members/membersblog/forecaster.php  (Click “Next Week”)

We expect the market to rise next week into the Monday Tuesday area and then decline into Thursday area.

As expected, the market moved sideways to down into the Wednesday  / Thursday area and headed up fro there.

The markets have been in substantial consolidation over the last week following  a gap up into the new year. Today (Thursday) the market headed higher into new high territory corresponding to a level back in 2007. Use caution as we play with this higher level. Some pullback into the range may be expected. The Gline forecast is showing some topping in this region and a pullback, probably before heading higher.  The volatility has declined in recent days and this is bullish.

The report schedule is fairly busy next week with reports each day except Monday. The FOMC chairman speaks on Monday around the market close. Use caution that this meeting may be designed to push things higher. Thursday. Be sure to check the reports that will impact trading next week:
http://eminiforecaster.com/members/membersblog/calendar.html).

I had intended to expand the format of the updates, in particular, the one on the weekend, but ran into some programming difficulties with this. I am looking into the issue, so plan to expand this soon. I think you will like it.  Also, our parent company has changed but the people are all the same. You may possibly see changes in your billing on your credit card statement to read Axiom Research and Trading (I am not entirely sure about this, but letting you know just in case). If you see this, please remember so you know who it is.

We are now still playing with a range / high volume areas bounded by 1455 and upward (since we are in new territory).  We now consider the market to be bullish above the 1455 level.

The minimum expected targets for the week as of this writing are the 1476 region above and the 1446 area below.

Tomorrow, if we open above 1463 it is bullish. Below 1457 bearish. In between those levels, ranging is expected.

More on the weekend…

Wishing you the very best,

EMF Team

The New Gline has been posted on the forecaster.

There are no changes to the official forecast from the tentative Thursday night forecast. We expect the market to decline next week into the Wednesday / Thursday area.

The markets have had a huge run this last week in line with the G-line and with the upper bounds I wrote of last week (1454 / 1459). The bulls have definitely gained (more) control following actions of the US government.  The cycle should turn down in this region and it would be normal to expect this “profit-taking.”  Keep in mind however that the bulls will not just disappear following this last week of strong upside.  So we have a down cycle in a larger up cycle. When this is occurring, we do not expect a particularly strong downside.

The report schedule is fairly thin this coming week. With the most important day being Thursday. Be sure to check the reports that will impact trading next week: http://eminiforecaster.com/members/membersblog/calendar.html).

We are now still playing with a range / high volume areas bounded by 1435 and 1457.  Watch for potential reversals at about these levels. We now consider the market to be bullish above the 1447 level and bearish below it.

The minimum expected targets for the week as of this writing are the 1491 region above and the 1417 area below. This is an expanded range of about 36 points or so from the current level.

Tomorrow, if we open above 1460 it is bullish. Below 1454.50 bearish. In between those levels, ranging is expected.

This week I was intending to start expanding the coverage in these reports with some images etc. but I was unable to do this due to some computer programming issues. It looks like I will need to get a programmer to help with this. Therefore, I will start expanding this report a bit in the coming weeks

Wishing you the very best,

EMF Team

EMF Tentative Forecast

The Tentative / Official EminiForecaster forecast for the trading week ending January 11th has been posted.

http://eminiforecaster.com/members/membersblog/forecaster.php  (Click “Next Week”)

We expect the market to decline next week into the Wednesday / Thursday area.

The markets have had a huge run this last week in line with the G-line and with the upper bounds I wrote of last week (1454 / 1459). The bulls have definitely gained (more) control following actions of the US congress.  The cycle should turn down in this region and it would be normal to expect this “profit-taking.”  Keep in mind however that the bulls will not just disappear following this last week of strong upside.  So we have a down cycle in a larger up cycle. When this is occurring, we do not expect a particularly strong downside.  It is a new year, and with it comes a new mood. So we are now evaluating this. The FOMC published their minutes today and following the market began a decline. This is not dissimilar to a buy the rumor, sell the news scenario. Tomorrow AM will give us some clues as to whether it will stick and the forecast is on more solid ground.       

The report schedule is fairly thin next week. With the most important day being Thursday. Be sure to check the reports
that will impact trading next week
http://eminiforecaster.com/members/membersblog/calendar.html).

I have an important announcement that is of benefit to all. In the coming weeks, I will be expanding the way I do the week end forecasts. They will cover more about market action etc. and the format will change a bit. Our parent company has changed but the people are the same. You may possibly see changes in your billing on your credit card statement to read Axiom Research and Trading (I am not entirely sure about this, but letting you know just in case). If you see this, please remember so you know who it is.

We are now still playing with a range / high volume areas bounded by 1435 and 1454.  Watch for potential reversals at about these levels. We now consider the market to be bullish above the 1447 level.

The minimum expected targets for the week as of this writing are the 1491 region above and the 1417 area below. This is a highly expanded range of about 36 points or so from the current level. 

Tomorrow, if we open above 1457 it is bullish. Below 1451 bearish. In between those levels, ranging is expected.

More on the weekend…

Wishing you the very best,

EMF Team