As of 04/08/2026
Indus: 47,910 +1,325.46 +2.8%
Trans: 20,169 +630.50 +3.2%
Utils: 1,179 +8.26 +0.7%
Nasdaq: 22,635 +617.14 +2.8%
S&P 500: 6,783 +165.96 +2.5%
|
YTD
-0.3%
+16.2%
+10.4%
-2.6%
-0.9%
|
 44,000 or 47,000 by 04/15/202617,100 or 19,100 by 04/15/2026 1,200 or 1,120 by 04/15/202620,000 or 22,400 by 04/15/20266,200 or 6,675 by 04/15/2026 |
As of 04/08/2026
Indus: 47,910 +1,325.46 +2.8%
Trans: 20,169 +630.50 +3.2%
Utils: 1,179 +8.26 +0.7%
Nasdaq: 22,635 +617.14 +2.8%
S&P 500: 6,783 +165.96 +2.5%
|
YTD
-0.3%
+16.2%
+10.4%
-2.6%
-0.9%
| |
|
44,000 or 47,000 by 04/15/202617,100 or 19,100 by 04/15/20261,200 or 1,120 by 04/15/202620,000 or 22,400 by 04/15/20266,200 or 6,675 by 04/15/2026 | ||
Below is the updated forecast for 2026 as of the close on March 31, 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.
The CPI has turned wildly bullish but that's because of the huge gain in the indices. The Dow industrials were up over 1,100 points (about 2.5%) and the Nasdaq did even better, up almost 4%.
The inset shows the spike in the CPI. With such a large gain, the indicator won't fade to neutral or bearish even if the indices drop. Of course, the markets are being driven by Trump inspired events.
This is a chart of the Dow industrials on the daily scale for 2026.
As the chart shows, the index plummeted (February to March) on Trump's war. Last year, from February to April, Trump's tariffs sent the markets down. What will Trump do next year for an encore?
Of the three indices shown here, the Dow is forecast to gain the most: 16% but it's down 4% now.
Here's the Nasdaq forecast.
The Nasdaq is forecast to gain 10% for the year but it's down 7% so far.
The forecast is for a gain of 12% but the index is down 5% year-to-date.
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