Earlier this week the model signaled a major type of player in the markets was giving up on a stance. This caused a forecast for an extension of the trend in stock index prices.The long-term portion of the model returned to bullish as of Mar 25. The performance of this long-term trend following tactic has been double that of the SP500 stock market index since late 2010.

The softs:Trend update: cotton, coffee, cocoa. An update on sugar was published yesterday.The model tracks 12 major groups of market participants. By following their behavior it is feasible to anticipate when they will reverse their trading. These groups can explain nearly 100% of price fluctuation during a year.2-week free trial for the Premium service.

The model focuses more on the Level 1 trend that suggests more upside in US equities. Near-term.Risk points?

The US retail report showed a record-sized drop.The US Industrial Production Report showed the index plunged to the lowest since the 2008-09 Great Recession.This podcast shows a chart since the 1920s with recessions. I provide insight into a long-term business cycle that relates to recessions and economic growth.

A super-cycle critical point is coming in the US if not global interest rates.

Intraweek buying to occur late today into tomorrow.A short-term top is due in a few days.This podcast shows what can occur in the stock market beyond the short-term swings.Start of the week in US equities.Virus cases tick up in some global regions during attempts to reopen economies.Mnuchin of the White House has no problem with $3 trillion dollars additional support in that the Treasury can lock in historically low rates.Last week, a discussion rose about long-term inflation due to all the money-printing. Some discussion of Bitcoin as an inflation hedge. Better than gold?