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
Reps lost their election in AL but no reaction in equity markets. Reps' tax plan is very likely passing sometime this week, bullish.
Again, SGS declined lower every day last week. SGS DTL is not below its 39 D-EMA, bearish.
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
LONG as of the close of September 8, 2017
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
Reps lost their election in AL but no reaction in equity markets. Reps' tax plan is very likely passing sometime this week, bullish.
Again, SGS declined lower every day last week. SGS DTL is not below 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 closed long positions on Monday. I am 100% in cash now and planning to open my first of two or three long positions in SSO sometime this week.
Current Long-Term Portfolio (2017)
Past Long-Term Portfolios (2008-2016)
I closed long positions on Monday. I am 100% in cash now and planning to open my first of two or three long positions in SSO sometime this week.
Current Long-Term Portfolio (2017)
Past Long-Term Portfolios (2008-2016)
Current Long-Term Portfolio (2017)
Past Long-Term Portfolios (2008-2016)
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.
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.
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