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.


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.