Monday, February 29, 2016

MON - FEB 29 2016

SGS_LT  Market Timer Status:  SHORT 
Short as of close of Dec 11, 2015
SGS_LT is a Long Term (weeks to months) timer
Current Long Term Portfolio (2016)
Updated for recent trades

sgs_st  Market Timer Status:  short 
Short as of  1:00 PM on Feb 18, 2016
sgs_st is a short term (hours to days) timer for SPX
(short term trading record of SPY using sgs_st will be posted soon. I'm waiting for a change in sgs_st status)

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@ 20:10 - Internal and breadth data suggests that selling should continue tomorrow.  Chances are good that SPX tests support at 1920 which would be a good place to cover short term short positions.

@ 14:35 - Bears need SPX to break out of trading channel to the down side.  Chances are good that happens very soon:

@ 11:40 - SPX possible break out of the bull flag to the upside, waiting to see where SPX closes on its hourly candle:

@ 09:45 - Possible bull flag:

@ 09:25 - Support: 1945, 1925, 1920
                 Resistance: 1960


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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.