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)
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.
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