Owner, Prometheus Market Insight
Contributor's Links: Owner, Prometheus Market Insight

Erik is the owner and senior market technician for Prometheus Market Insight and has been performing chart analysis since 1995. The software program that he developed to monitor long-term stock market trends has correctly identified 92% of the cyclical turning points in the S&P 500 index ... more

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Short-Term Forecast For Monday, June 1
The S&P 500 index closed moderately higher today, moving up to a new high for the uptrend from March. Technical indicators are moderately bullish overall, favoring a continuation of the advance.
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Intermediate-Term Forecast For Saturday, May 30
The following technical and cycle analyses provide intermediate-term forecasts for the S&P 500 index.
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Short-Term Forecast For Friday, May 29
The following technical and cycle analyses provide short-term forecasts for the S&P 500 index.
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Short-Term Forecast For Thursday, May 28
The S&P 500 index closed slightly lower today, holding near recent highs of the uptrend from March. Technical indicators are moderately bullish overall, favoring a continuation of the advance.
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Short-Term Forecast For Wednesday, May 27
The following technical and cycle analyses provide short-term forecasts for the S&P 500 index.
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Intermediate-Term Forecast For Friday, May 23
The following technical and cycle analyses provide intermediate-term forecasts for the S&P 500 index.
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Comments

Latest Comments
Stock Market Continues Test Of Critical Support Level
4 years ago

That is an excellent question, Alexis, and worthy of a long, in-depth discussion. However, the short answer is that market prices are based on the decisions of all market participants, regardless of whether they are basing those decisions on rational, fundamental data or irrational imperatives such as greed and fear. Essentially, market behavior reflects the sum total of all knowledge and emotion driving the decisions of its participants.

In this video: SPX
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STOCKS I FOLLOW

DIA SPDR Dow Jones Industrial Average
QQQ PowerShares QQQ Trust Series 1
SPY SPDR S&P 500

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Work Experience

Owner
Prometheus Market Insight
January 2000 - Present (20 years 9 months)

Education

University of Florida
MS
1993 / 1995
Computer Engineering
University of Virginia
BS
1989 / 1993
Computer Engineering

Publications