Sunday, July 20, 2014

It Might Pretty Ugly This Coming Week

SGS Market Timer Status:   SHORT 
Short as of closes of 7/17/2014

RTS Long Term Current and Past Portfolios
Updated for trades on 7/18/2014

SPX back tested its Primary Downtrend Line (PDL, shown in black) on Friday.  That was the second back test of PDL since current sell off started on July 7.

At this point, chances are high for SPX to sell off to test its 20 and 50 D-SMA sometime during the next couple of weeks unless companies reporting earnings this week totally blow away expectations.

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