Thursday, February 25, 2016

THU - FEB 25 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)

@ 23:15 - Internal and breadth data was bullish today.  Also SPX closed and traded above its 50 D-SMA for the first time since 12/29/2015.  GDP and Consumer Confidence data is released tomorrow at 08:30.  That data could move indices dramatically.

@ 14:45 - So far 50 D-SMA has held up very well.  There has not been any price penetration which is good news for bears.
@ 14:05 - SPX is about to test resistance at its 50 D-SMA:

@ 09:50 - The Fed Prepares to Dive?

@ 09:00 - Possible bear flag on SPX weekly:

@ 8:50 - Support: 1920, 1900, 1885 
               Resistance: 1935, 1945

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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.