Sunday, December 10, 2017

A Volatile Week Is Ahead

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

I'm watching the special election in Alabama.  A loss for Reps (high, IMO) could be a game changer and might cause a sell-off from mid-December to late January to early February 2018.

SGS declined lower every day last week, crossed its ARL, DTL (13 D-EMA) and its 39 D-EMA.  Bearish.

The uptrend is still intact and continuing but chances of a sell-off to test ASL and weekly DTL are high.

My Plan

I am watching to see if Reps can pull-off a win on Tuesday.

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.