Nasdaq Cycle Model Chart - Monday, Jan. 21

Owner, Econocasts • Jan 21, 2019 at 5:00 AM EST

Equity-based cycle models have less predictive value than their commodity-based versions, this model seems to have captured the low in timing if not in magnitude and is now suggesting a local maximum in the May 2019 time frame.

2019.01.18 NASDAQ Cycle Model Chart

With the usual caveat that equity-based cycle models have less predictive value than their commodity-based versions, this model seems to have captured the low in timing if not in magnitude and is now suggesting a local maximum in the May 2019 time frame. A previous run of the model is shown below and here on the blog. The medium-term timing model still has NASDAQ on buy as shown here.