As of 04/30/2026
Indus: 49,652 +790.33 +1.6%
Trans: 20,794 +262.22 +1.3%
Utils: 1,165 +22.58 +2.0%
Nasdaq: 24,892 +219.07 +0.9%
S&P 500: 7,209 +73.06 +1.0%
|
YTD
+3.3%
+19.8%
+9.1%
+7.1%
+5.3%
|
 51,000 or 47,000 by 05/15/2026 19,700 or 22,300 by 05/15/20261,200 or 1,120 by 05/15/202625,800 or 23,800 by 05/15/20267,300 or 6,800 by 05/15/2026 |
As of 04/30/2026
Indus: 49,652 +790.33 +1.6%
Trans: 20,794 +262.22 +1.3%
Utils: 1,165 +22.58 +2.0%
Nasdaq: 24,892 +219.07 +0.9%
S&P 500: 7,209 +73.06 +1.0%
|
YTD
+3.3%
+19.8%
+9.1%
+7.1%
+5.3%
| |
|
51,000 or 47,000 by 05/15/202619,700 or 22,300 by 05/15/20261,200 or 1,120 by 05/15/202625,800 or 23,800 by 05/15/20267,300 or 6,800 by 05/15/2026 | ||
Below is the updated forecast for 2026 as of the close on April 30, 2026. Captions appear below the pictures for guidance, so be sure to scroll down far enough to read them.
On some of the charts (all except the CPI chart) the prediction in red is based on the work of Edgar Lawrence Smith in the 1930s. Smith said that the stock market followed a 10-year cycle. Each year tended to repeat the behavior of the year a decade earlier. In other words, if you averaged all years ending in 1 (2001, 1991, 1981 and so on), that would give you a forecast for 2011. For 2012, you'd make a similar average, only use 2002, 1992, 1982, and so on. That's what I did for the market forecast charts which follow.
This is a chart of the Chart Pattern Indicator (CPI) on the daily scale.
Given that a signal can change for up to a week, the current reading of 75.6 is bullish. That signal appears as a vertical green bar on the far right of the chart.
Despite higher gas prices, the market continues to look 6 months out with an optimistic view.
This is a chart of the Dow industrials on the daily scale for 2026.
The Dow is below the forecast as the chart shows. At A, we see the forecast for the market trend weakening going into the summer. In late June, the Dow is forecast to strengthen.
Here's the Nasdaq forecast.
Again, we see the same strengthening in late June (A, green line) in the markets. The forecast gain for the year is 10% and we're up 7% so far.
This is the S&P 500 on the daily scale.
Forecasted strength may come in the summer to year end. Right now, the forecast is almost dead on compared to the index. I show that circled in green. If the trend follows the forecast, look for a gain of 12% at year's end. That's more than double the 5% gain so far.
Support this site! Clicking any of the books (below) takes you to
Amazon.com If you buy ANYTHING while there, they pay for the referral.
Legal notice for paid links: "As an Amazon Associate I earn from qualifying purchases."
|
My Stock Market Books
|
My Novels
Orb Foresight Rewrite Coming!
|
on 