Sunday, September 23, 2018

Rally In Major Indices Is Not Sustainable

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday Aug 24, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


Again, I am not sure where indices are heading. DJI and SPX put in new all-time high as the broader market deteriorated.  That's not healthy at all.


SGS declined last week but still in LONG territory.


Supports and resistances for SPX for the upcoming week are shown above.  

My Plan
twitter
info@balancetrading.org

#balancetrading
#OrangeSwan

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line
TLR: Trend Line Resistance   TLS: Trend Line Support

Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.

Sunday, September 16, 2018

No Change Since Last Week

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday Aug 24, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


No change since last week.


Except for Friday, SGS declined everyday last week but still in LONG territory.


My Plan
twitter
info@balancetrading.org

#balancetrading
#OrangeSwan

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line
TLR: Trend Line Resistance   TLS: Trend Line Support

Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.

Sunday, September 9, 2018

Indices Weaken

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday Aug 24, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


I am not sure where indices are heading.



SGS declined everyday last week but still in LONG territory.



Supports and resistances for SPX for the upcoming week are shown above.  

My Plan
twitter
info@balancetrading.org

#balancetrading
#OrangeSwan

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line
TLR: Trend Line Resistance   TLS: Trend Line Support

Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.

Monday, September 3, 2018

Indices Look Good

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday Aug 24, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


Indices look good.



SGS advanced last week well into LONG territory.



Supports and resistances for SPX for the upcoming week are shown above.  

My Plan

No change, I'm waiting for an opportunity to open long positions in QQQ sometime this week.

Current Long-Term Portfolio (2018)
Past Long-Term Portfolios (2008-2017)

twitter
info@balancetrading.org

#balancetrading
#OrangeSwan

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line
TLR: Trend Line Resistance   TLS: Trend Line Support

Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.

Sunday, August 26, 2018

SGS Market Timer Is LONG

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday Aug 24, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


Indices are heading higher.


SGS advanced last week, closed above +50 on Friday, and changed its status from NEUTRAL to LONG.



Supports and resistances for SPX for the upcoming week are shown above.  

My Plan

My plan is to start opening long positions in QQQ sometime this week.

Current Long-Term Portfolio (2018)
Past Long-Term Portfolios (2008-2017)

twitter
info@balancetrading.org

#balancetrading
#OrangeSwan

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line
TLR: Trend Line Resistance   TLS: Trend Line Support

Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.

Sunday, August 19, 2018

SGS Market Timer Is NEUTRAL

SGS  Market Timer Status:  NEUTRAL 
LONG as of the close of Friday Aug 17, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


I'm not sure where things are heading.


SGS declined last week, closed below +50 on Friday, and changed its status from LONG to NEUTRAL.



Supports and resistances for SPX for the upcoming week are shown above.  

My Plan
twitter
info@balancetrading.org

#balancetrading
#OrangeSwan

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line
TLR: Trend Line Resistance   TLS: Trend Line Support

Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.

Sunday, August 12, 2018

More Selling Is Ahead

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday July 13, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


A rough week is ahead.


SGS declined last week but remained above 50 on Friday and hence LONG.


Supports and resistances for SPX for the upcoming week are shown above.  

My Plan
twitter
info@balancetrading.org

#balancetrading
#OrangeSwan

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line
TLR: Trend Line Resistance   TLS: Trend Line Support

Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.

Monday, August 6, 2018

Indices Are Going Nowhere

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday July 13, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


No change since last week.

SGS remained unchanged last week but still above 50 and hence LONG.

Supports and resistances for SPX for the upcoming week are shown above.  

My Plan
twitter
info@balancetrading.org

#balancetrading
#OrangeSwan

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line
TLR: Trend Line Resistance   TLS: Trend Line Support

Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.

Sunday, July 29, 2018

Volatility Continues

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday July 13, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


I expect the selling that started on Thursday to continue for another day or two.

SGS remained unchanged last week but still above 50 and hence LONG.


Supports and resistances for SPX for the upcoming week are shown above.  SPX broke punched through its PDL-1 earlier in the week but then sold-off and closed right on it.  At this point, there is a good chance that selling continues and SPX tests its DTL (13 W-EMA) on its weekly chart before heading higher.

My Plan

SGS is LONG and my plan is to open long positions in QQQ as SPX sell-off to test its DTL around 2765.

Current Long-Term Portfolio (2018)
Past Long-Term Portfolios (2008-2017)

twitter
info@balancetrading.org

#balancetrading
#OrangeSwan

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line
TLR: Trend Line Resistance   TLS: Trend Line Support

Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.

Sunday, July 22, 2018

A Volatile Week Is Coming

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday July 13, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


Chaos continues and indices remain volatile without any meaningful gain or loss.


SGS remained unchanged last week but still above 50 and hence LONG.


Supports and resistances for SPX for the upcoming week are shown above.  SPX is still trading below its PDL-1.  A close above that line on weekly basis would bullish and would signal higher prices ahead.

My Plan

SGS is LONG and my plan is to open long positions in QQQ if SPX closes above its PDL-1 on its weekly chart.

Current Long-Term Portfolio (2018)
Past Long-Term Portfolios (2008-2017)

twitter
info@balancetrading.org

#balancetrading
#OrangeSwan

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line
TLR: Trend Line Resistance   TLS: Trend Line Support

Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.

Sunday, July 15, 2018

SGS Market Timer Is LONG

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday July 13, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


Chaos continues and indices remain volatile.

SGS advanced last week, closed above 50 on Friday, and changed its status from NEUTRAL to LONG.


Supports and resistances for SPX for the upcoming week are shown above.  SPX is coming against it PDL-1.  A close above that line on weekly basis would bullish and would signal higher prices ahead.

My Plan

SGS is LONG and my plan is to open long positions in QQQ if SPX closes above its PDL-1 on its weekly chart.

Current Long-Term Portfolio (2018)
Past Long-Term Portfolios (2008-2017)

twitter
info@balancetrading.org

#balancetrading
#OrangeSwan

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line
TLR: Trend Line Resistance   TLS: Trend Line Support

Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.

Sunday, July 8, 2018

Let The Market Lead

SGS  Market Timer Status:  NEUTRAL 
NEUTRAL as of the close of Friday June 29, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


I'm not sure where the indices are heading.  It's best to let the market lead.


SGS advanced on Thursday and Friday last week but still remained below 50 as of the close of Friday and hence its status is still NEUTRAL.

Supports and resistances for SPX for the upcoming week are shown above.

My Plan

Per my plan I closed my long QQQ positions on Monday at the open.  SGS is still NEUTRAL and my plan is to remain in cash for now.

Current Long-Term Portfolio (2018)
Past Long-Term Portfolios (2008-2017)

twitter
info@balancetrading.org

#balancetrading
#OrangeSwan

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line
TLR: Trend Line Resistance   TLS: Trend Line Support

Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.