Sunday, September 28, 2014

Selling Should Resume With Vengeance

SGS Market Timer Status:   SHORT 
as of close of 9/12/2014

Long Term Current and Past Portfolios
Updated for recent trades

If indices are to correct 10% to 15%, the selling should start this coming week.  Otherwise the sell off may never materialize anytime soon, especially if companies start reporting great earnings for the 3rd quarter.

Last week SPX tested its 50 D-SMA, but managed to close above it for the week on Friday.  That is not good news for bears, but still chances are excellent that selling starts this coming week.

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.