Sunday, August 14, 2016

A Test Of 50 D-SMA Is Likely

SGS_LT Market Timer Status:  LONG 
LONG as of close of  July 22, 2016
SGS_LT is a Long Term (weeks to months) Timer

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


Longer Term Outlook

Longer term (weeks to months), it's pretty bullish and it would become more bullish if Trump falls significantly (15 points or more) behind Clinton

My guess still is that Trump will quit the race. I wouldn't be surprised to hear that RNC and Trump are negotiating over what it would take for Trump to step aside.  His campaign is to release its July financial data soon.  I would be looking to see if "his personal loans" to his campaign has ballooned to around "$100 million".  One way RNC could bribe Trump to quit, is for RNC to agree to pay him back those "personal campaign loans".

Shorter Term Outlook

No change since last week, indices are quite overbought.  Chances are good that SPX sells off this coming week to test its 50 D-SMA around 2140.

My Plan

My plan still is to open long positions in SPY.  I'm planning to open my first of three long positions in SPY sometime this week as SPX sells off to test its 50 D-SMA around 2140.

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.