We are currently only publishing the free weekly forecast for the DJIA. 

DJIA

There was a new all-time high for the DJIA last week on Tuesday, August 8, 2017 at the price 22,179.11. The war rhetoric about North Korea does not bother the US stock market, but the war rhetoric about Venezuela did bother the US markets. When the issue of American intervention in Venezuela hit the news cycles, there was a negative reaction in the financial markets. The DJIA last week fell -234.49 points and ended the week at 21,858.32.

The blue line below is the current percent change line for the DJIA. The fuchsia line is the best fit cycle. This cycle is the inverted cycle from 1974. It was selected before the start of 2017. The best fit cycle has a bottom that aligns to August 25, 2017 and then a strong rally up to October 24, 2017.

My current forecast for the DJIA is for a bottom around August 25, 2017 and then a melt-up until October 24, 2017. The price on October 24, 2017 is hard to forecast because the DJIA will be making new all-time highs as we approach this date, but the price should be between 23,500 to 24,500.

 

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