Sunday, July 9, 2017

Indices Look Good

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

SGS is still positive and above 50.

SPX successfully tested its W-DTL (13 W-EMA) on its weekly chart and closed above it.  Chances are good at this point that SPX rallies to a set new all-time high this coming week.

My Plan

I'm planning to do my 2nd buy in SSO once SPX starts trading above its ADL.

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.