SGS_LT Market Timer Status: LONG
LONG as of close of November 11, 2016
SGS_LT is a Long Term (weeks to months) Timer
Current Long Term Portfolio (2017)
Past Long Term Portfolios (2008-2016)
All major indices have now broken through their AUL's and trading below them. Chances are good that we see a significant (5% to 10%) sell off starting this coming week.
Long Term Outlook
LONG as of close of November 11, 2016
SGS_LT is a Long Term (weeks to months) Timer
Current Long Term Portfolio (2017)
Past Long Term Portfolios (2008-2016)
All major indices have now broken through their AUL's and trading below them. Chances are good that we see a significant (5% to 10%) sell off starting this coming week.
Long Term Outlook
Longer term, chances are good for SPX to sell off to tests its DTL-W around 2230 sometime this coming and then continues its sell off to test its PUL-2 and price support around 2190.
Short Term Outlook
Shorter term, chances are good for SPX to sell off to tests its 50 D-SMA around 2250 sometime this coming and then continues its sell off to test its 100 D-SMA around 2200.
My Plan
I'm watching the sell off to see if Big Money unloads any of his long equity positions. If there is no selling of individual stocks, then the upcoming sell off would be a good buying opportunity.
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.
Posts
