As of 02/25/2026
Indus: 49,482 +307.65 +0.6%
Trans: 19,320 -124.84 -0.6%
Utils: 1,181 +2.88 +0.2%
Nasdaq: 23,152 +288.40 +1.3%
S&P 500: 6,946 +56.06 +0.8%
|
YTD
+3.0%
+11.3%
+10.6%
-0.4%
+1.5%
|
 50,500 or 48,300 by 03/01/202620,200 or 18,150 by 03/01/20261,250 or 1,125 by 03/01/202624,750 or 22,000 by 03/01/20267,250 or 6,600 by 03/01/2026 |
As of 02/25/2026
Indus: 49,482 +307.65 +0.6%
Trans: 19,320 -124.84 -0.6%
Utils: 1,181 +2.88 +0.2%
Nasdaq: 23,152 +288.40 +1.3%
S&P 500: 6,946 +56.06 +0.8%
|
YTD
+3.0%
+11.3%
+10.6%
-0.4%
+1.5%
| |
|
50,500 or 48,300 by 03/01/202620,200 or 18,150 by 03/01/20261,250 or 1,125 by 03/01/202624,750 or 22,000 by 03/01/20267,250 or 6,600 by 03/01/2026 | ||
Below is the updated forecast for 2025 as of the close on September 30, 2025. 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.
The most recent CPI reading is 62.9, which is neutral (>=65 is bullish, <=35 is bearish). The vertical white bands on the far right of the chart shows the neutral stance.
The indicator does not show a sign (that I could see) of a coming downturn, but it has been teetering between neutral and bearish for more than a month now.
This is a chart of the Dow industrials on the daily scale.
According to the forecast, late August was supposed to be the weakest part of the year (vertical green line) and yet the Dow soared. September, historically the weakest month of the year, didn't stop or even slow the advance either.
According to this chart of the Nasdaq composite, look for strength going into December. By that, I mean from the right of the vertical green line, the red line trends upward until weakness in December.
This is a chart of the S&P 500 index on the daily scale.
The forecast gain is 6% but the index has climbed 14% so far. If the forecast is correct, look for the uptrend to continue until slight weakness in December. That's the same forecast behavior that we've seen in the other charts.
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