Sunday, March 8, 2015

Selling Very Likely Continues

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

RTS Current Portfolio (2015)

Chances are excellent for SPX to test its 50 D-SMA around 2060 on Monday.  I'm watching how far SPX penetrates that moving average and where it closes.  A deep penetradtion (0.5% or more) and close below 50 D-SMA would signal more selling to test 2030-2000 support range.

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.