Thursday, March 24, 2016

Thursday ... March 24, 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

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@ 13:00 - SPX is back testing its DTL on its hourly chart.   Chances are good that SPX closes below its DTL today:

@ 11:00 - Good video by Oscar:

@ 10:35 - SPX is testing its DTL on its daily chart.  Bears like me would would like to see a close below that support today (SPX 2020 or lower).  In that case, chances would be good that SPX starts to trade in an important support zone (2020-1900) next week.  How SPX trades in that zone would be very telling as for the future direction of SPX.  If SPX cuts through that zone quickly, then chances would be good that SPX sells off significantly later in the week or the following week.

@ 08:50 - Interesting post by CNBC Steve Liesman:

CNBC analysis: Don't trust those GDP numbers

@ 08:45 - Support: 2020
                Resistance:  2050


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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