One of the new features of Market Flavor is a daily prediction for the S&P 500. I have spent the last couple months building a forecasting model for the SPY, which is an ETF (exchange traded fund) that mimics the moves of the S&P 500. This model has proven to be accurate in back testing of over 10 years, but the big question is how will it do at predicting movement in the S&P 500 for the future. I will be posting the predictions as often as I can on this blog as well as through twitter under SPYprediction.
I will periodically post the accuracy rate and the percentage increase the model has achieved.