Sunday, October 30, 2016

SGS Market Timer Is NEUTRAL

SGS_LT Market Timer Status:  NEUTRAL 
NEUTRAL as of close of  October 28, 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

SPX is being supported by its Old PDL-0. Should that support fail this coming week, chances are high that SPX continues its sell off to test support at 50 and 100 W-SMA around 2060.

Shorter Term Outlook

Chances are high that SPX retests its Old PDL-0 again sometime this coming week.  Should that support fail, SPX very likely sells off to test its 200 D-SMA around 2085.

My Plan

My plan is to stay in cash for now.

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.