Saturday, November 25, 2017

Rally Continues

SGS  Market Timer Status:  LONG 
LONG as of the close of September 8, 2017
SGS is a Long-Term (weeks to months) Timer

Why Market Timing Is A Must

SGS advanced higher every day last week and crossed its DTL.  That is bullish.  SGS is its way to challenge its ARL sometime next week.

The uptrend is still intact and continuing.

My Plan

Per my plan, I opened my 2nd long position in SSO on Wednesday.  I'm watching SGS and as soon as DTL on SGS daily chart crosses above 39 D-EMA I will open my 3rd and final long position in UPRO.

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    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance 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.