Monday, February 16, 2015

Short Term, Indices Are Overbought

SGS Market Timer Status:   NEUTRAL 
NEUTRAL as of close of 2/11/2015

RTS Current Portfolio (2015)

Short term, indices are over bought.  Longer term it's 50-50:
  • Bear Case (50%): SPX sells off early this coming week and starts a 10% to 15% correction from its recent high within the next few weeks.

  • Bull Case (50%): SPX consolidates its recent gain this week and continues its rally higher to set  new all time highs.

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