Sunday, January 25, 2015

Highly Volatile Week Is Coming Up

SGS Market Timer Status:   SHORT 
Short as of close of 1/20/2015
Updated for recent trades

The upside for indices is limited.  Chances are good that SPX has already started its 10% to 15% correction from its peak of 2094 (12/29/2014) .  

My plan is to add to shorts if SPX closes below 2020.  Also, I would cover shorts should SPX rally and closes above 2070.

SPX: S&P 500 Index
DJI: Dow Jones Industrial Index
DJT: Dow Jones Transportation Index
NAZ: NASDAQ Composite Index
RUT: Russell 2000 Index
OEX: S&P 100 Index
NDX: Nasdaq 100 Index 
D-SMA : Daily - Simple Moving Average
D-EMA: Daily - Exponential Moving Average
PDL : Primary Downtrend Line
PUL: Primary Uptrend Line
ADL: Active Downtrend Line
AUL: Active Uptrend Line
DTL: Dynamic Trend Line

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.