Sunday, November 6, 2016

Market Is Signalling A Landslide Win For Dems

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)

As of this writing (Sunday 6 PM PST), futures are up around 1%.  Chances are good that global markets rally on Monday and Tuesday signalling a landslide win for Clinton and Democrats on Tuesday night.

Longer Term Outlook
Last week SPX broke through its Old PDL-0 which was an important support.  Chances are good that SPX back test that support on the back of the election relief rally this coming week before resuming its sell off to test support around 2060-2020.

Shorter Term Outlook

SPX sold off last week and tested its 200 D-SMA.  Chances are high that SPX rallies early next week on the back of Clinton's victory to back test its Old PDL-0 and DTL around 2110.  After that I expect selling to resume.

My Plan

No change, 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.