Sunday, July 30, 2017

The Market That Can't Be Dragged Down Will Go Up

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

SGS declined last week but it's still DTL and touching its ADL on a back test.  Chances are good that indices go higher this coming week to set more all-time highs.

Last week SPX, NAZ, RUT, and DJI put in fresh all-time highs. Barring any bad political news and chaos, indices should advance higher this coming week.

My Plan

I'm planning to do my third and last buy in UPRO sometime this coming week.

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.