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)SGS_LT is a Long Term (weeks to months) timer
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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@ 21:15 - Internal and breadth data were neutral. Chances are good that SPX tests its 50 D-SMA around 1945 tomorrow. A close above that resistance would be bullish.
Tomorrow Durable Goods Orders and Jobless Claims can move futures dramatically. Also on Friday GDP and Consumer Sentiment can moves futures dramatically as well. Interesting two days are coming our way, fasten your seat belt.
@ 14:50 - The rally from LOD (1891) is impressive. It seems to be a 50/50 combination of short covering and dip buying in individual stocks. Where indices close today would be very interesting and telling as far as where indices are heading this week:
@ 12:20 - There is a rally happening now, but it could be all just a short covering / profit taking rally. There is still a good chance that indices sell off and SPX hits around 1880 as its LOD.
@ 10:20 - SPX has a good chance of selling off to 1880 today, good place to close short term short positions.
@ 9:45 AM - SPX is selling off to test neckline again around 1880 to 1885:
@ 8:45 AM - Interesting video by Oscar Carboni
@ 8:00 AM - Support: 1900, 1885 / Resistance: 1925
Index futures and oil are sharply lower this AM, this is the reaction to Trump winning, imo.
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.
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