Sunday, December 3, 2017

More Volatility 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

Chances are high that we see the US and international markets experience high volatility going forward.  There are many reasons, chief among them are the fact that a powerful eight and half year bull market is topping out and we have an incompetent executive branch trying to govern our country.

In the very near future, I'm watching if Reps decide that they're going to pass the Senate version of the tax legislation in the House and forego any congressional conference to hammer out differences between the House and Senate versions of the bill.  That way they can simply pass the Senate bill in the House and have Trump sign it sometime next week. Done and very bullish.

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

Except for Friday, SGS advanced higher every day last week and crossed its ARL.  Also, its DTL (13 D-EMA) did a bullish crossover its 39 D-EMA.  Bullish.

The uptrend is still intact and continuing.

My Plan

I will open my 3rd and final long position in UPRO sometime early 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    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.