Saturday, December 27, 2014

Upside Is Limited - Indices Are Overbought

SGS Market Timer Status:   LONG 
as of close of 10/30/2014
RTS Current Portfolio (2014)

Indices have been following the average seasonal pattern very closely.  They should drift higher on low volume next week.  Chances are good that SPX hits 2100 which would be an overbought level and it would turn SGS Market Timer to from LONG to NEUTRAL.

I'm planning to go back into cash as SPX hits 2100 and then buy long again as SPX corrects very early next year to back test its DTL and 50 D-SMA.

Happy New Year

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.