Monday, May 29, 2017


SGS  Market Timer Status:  LONG 
LONG as of the close of May 26, 2017
SGS is a Long-Term (weeks to months) Timer

SGS went up and closed above its DTL last week, but it's still below its ADL. 

I'm not sure where indices are heading.

My Plan

I'm watching from the sideline to see of SGS would close above its ADL.  A close ADL this coming week would be bullish and I would feel comfortable opening long position at that point.

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: 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
TLR: Trend Line Resistance   TLS: Trend Line Support

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.