Sunday, May 22, 2016

SPX Is To Test 2000

Support Zone at 200 and 100 DSMA

Amid political and financial uncertainties, chances are good that indices continue their sell off to test support zone around 2000.

Long Term Outlook (Weeks to Months):
SGS_LT Market Timer Status:  NEUTRAL 
NEUTRAL as of close of  May 20, 2016
SGS_LT is a Long Term (weeks to months) Timer
Current Long Term Portfolio (2016)
Past Long Term Portfolios (2008-2015)

SPX is now trading in a well established down trending price channel. SPX is on its way to test its 200 D-SMA around 2010.

My Plan:

My plan is to keep my short positions open for now.

twitter

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 informational  purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.
on

Saturday, May 14, 2016

SPX Is About To Take A Big Leg Down

Again, Uncertainties Will Drive Indices Lower

Amid political and financial uncertainties, chances are good that indices continue their sell off.


Long Term Outlook (Weeks to Months):
SGS_LT Market Timer Status:  LONG 
Long as of close of  March 18, 2016, but getting close to go NEUTRAL
SGS_LT is a Long Term (weeks to months) Timer

Current Long Term Portfolio (2016)
Past Long Term Portfolios (2008-2015)

SPX is now trading in a well established down trending price channel. SPX is on its way to test its 200 D-SMA around 2010.

My Plan:

My plan is to keep my short positions open for now.

twitter

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 informational  purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.
on

Sunday, May 8, 2016

Selling Very Likely Continues

Uncertainties Will Drive Indices Lower

Amid political and financial uncertainties, chances are good that indices continue their sell off.



Long Term Outlook (Weeks to Months):
SGS_LT Market Timer Status:  LONG 
Long as of close of  March 18, 2016
SGS_LT is a Long Term (weeks to months) Timer
Current Long Term Portfolio (2016)
Past Long Term Portfolios (2008-2015)
SPX is now trading in a well established down trending price channel. SPX is on its way to test its 200 D-SMA around 2010.

My Plan:

My plan is to keep my short positions open for now.

twitter

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 informational  purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.
on

Sunday, May 1, 2016

Selling Very Likely Continues This Coming Week

SPX Support At 2040

Selling very likely continues this coming week.  Chances are excellent that SPX tests support at or around 2040.


Long Term Outlook (Weeks to Months):
SGS_LT Market Timer Status:  LONG 
Long as of close of  March 18, 2016
SGS_LT is a Long Term (weeks to months) Timer
Current Long Term Portfolio (2016)
Past Long Term Portfolios (2008-2015)
Indices are still overbought and I expect a sizable sell off sometime this coming week.

My Plan:

My plan is to close my long term short positions around 2040.

twitter

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 informational  purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.
on
Subscribe to: Posts (Atom)