Sunday, October 16, 2016

Grinding Up Into The Election

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)

Big Money hates Trump. There is a long history between Big Money and the Donald.  Big Money never thought much of him as a business man or otherwise.  In order to make sure Trump has absolutely no chance of winning, Big Money will push indices higher between now and the election.

I expect a slow grind upward. I don't expect any correction until Hillary is elected on November 8.  What happens to financial markets and the republican party after the election is not clear at all.  It could get nasty if there is no clear and final resolution to the election, similar to what happened in 2000.

Longer Term Outlook

Chances are high that selling continues this coming week as SPX tests its Old PDL-0 and AUL around 2115.  If those supports hold, I expect a rally to test SPX all time high.

Shorter Term Outlook

I expect a test of Old PDL-0 sometime this week around SPX 2115 to 2110.

My Plan

My plan to do my first buy of three buys around SPX 2115 sometime this week.

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.