Wednesday, March 2, 2016

WED - MAR 02 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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@ 20:15 - Internal and breadth data was neutral suggesting a good likelihood of a small sell off.  Bears need SPX to trade and close below (1) its bear flag (2) its PUL-1, (3) DTL and finally (4) its PUL-0:

@ 15:30 - Bear flag is still intact .... letting SPX make the first move:

@ 14:10  SPX very likely on its way to break through bear flag, then its DTL and PUL-0, good points to open and add short positions via PUTS:

@ 12:40 - Bears need a close below DTL (13 EMA) and then a close below PUL-0 on SPX hourly chart:

@ 10:45 - Likely break out of bear flag on SPX 10 Min:

 @ 09:20 - Support: 1940, 1925
                  Resistance: 1980

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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.