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.

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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 informational  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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