Monday, January 1, 2018

A Volatile Week, Month, And Year Are Head

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

2018 is going to be another record-breaking year but highly volatile.  Major dips would be good buying opportunities.

Despite the sell-off on the last day of trading for 2017, SGS advanced higher. Bullish.

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

My Plan

Per my plan, I opened first of two long positions in SPY on Monday 12/18.  My plan is to open the 2nd long position in SSO sometime this coming week.

Season Greetings & Happy New Year

Current Long-Term Portfolio (2018)
Past Long-Term Portfolios (2008-2017)

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.