Sunday, February 25, 2018

SGS Market Timer Is NEUTRAL

SGS  Market Timer Status:  NEUTRAL 
NEUTRAL as of the close of Friday, February 23, 2018
SGS is a Long-Term (weeks to months) Timer

Why Market Timing Is A Must

As expected, indices sold-off on Tuesday, Wednesday and Thursday this week but on Friday they bucked their downtrend with a big rally that nearly made them whole for the week.

Despite the impressive rally on Friday, as shown above, there is a very good chance that SPX sells-off to test its February 9 low.

SGS advanced higher for this week and on Friday its status changed from SHORT to NEUTRAL. 

For SPX, the likelihood of a sell-off to test its February 9 low (2532) is still substantially higher than rallying to a new all-time high. 

My Plan

SGS is NEUTRAL.  My plan is to close my SDS position sometime early next week.

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.