Sunday, November 29, 2015

SPX Is Likely To Test Its 200 D-SMA

SGS Market Timer Status:   LONG 
LONG as of close of 10/23/2015
RTS Current Portfolio (2015)
RTS Past Portfolios (2008-2014)


There is a good chance that SPX sells off and tests its 200 D-SMA around 2065 this week.  A daily close below 200 D-SMA would signal more selling ahead.

My Plan:

No change since last week, I am still in cash and planning to start opening long positions should SPX take out its all time high (2134.72) or opening short positions should SPX close below 2000.

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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.