Thursday, October 8, 2015

SGS Market Timer is NEUTRAL

SGS Market Timer Status:  NEUTRAL 
NEUTRAL as of close of 10/8/2015
RTS Current Portfolio (2015)
Past Portfolios (2008-2014)

SGS Market Timer turned NEUTRAL as of close of today.  Indices are overbought and a sell off should start soon, very likely tomorrow.  My plan is to cover shorts into the sell off unless it continues breaking through the strong support at SPX 1900.

With the Fed. sidelined now, there is a good chance that indices sell off big due to poor earnings and outlook.  I'm still optimistic that a major sell off is eminent that would take SPX down to lower 1700's to test its PUL-0 by the end of this month.  


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   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend 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.