Sunday, December 17, 2017

Indices Are Looking Good

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.

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)

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.