Sunday, May 17, 2015

An Explosive Move Higher Is Very Likely For All Major Indices

SGS Market Timer Status:   LONG 
LONG as of close of 3/16/2015 

RTS Current Portfolio (2015)

SPX rallied on Thursday and Friday and closed at a new closing high and more significantly well above its PDL.  An explosive move on the back of short covering and side money coming in is very likely at this point.

I expect SPX to rally to 2165 to 2170 this coming week.  I'm planing to do my fourth and final buy on a minor pull back, very likely early Tuesday.

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.