Sunday, July 16, 2017

Bulls Are In Charge

SGS  Market Timer Status:  LONG 
LONG as of the close of June 30, 2017
SGS is a Long-Term (weeks to months) Timer

SGS advanced higher last week and closed above its DTL.  That's pretty bullish and signals indices very likely go higher in coming days and weeks.

SPX closed and traded above its downtrend line last week.  Also, SPX, DJI, and DJT put in new fresh all-time highs.  The market is predicting that the "health care bill" is going to pass.

My Plan

I'm planning to do my 2nd buy in SSO on Monday.

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.