SGS Market Timer Status: LONG
LONG as of the close of Friday, March 9, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
Most major indices rallied strongly last week and closed well above their 50 D-SMA's. SGS also closed above +50 on Friday and its status changed from SHORT to LONG. All bullish.
Supports and resistances for SPX are shown above.
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 Friday, March 9, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
Most major indices rallied strongly last week and closed well above their 50 D-SMA's. SGS also closed above +50 on Friday and its status changed from SHORT to LONG. All bullish.
On Friday, SPX opened above its 50 D-SMA and continued to rally right into the close. As shown above, there is an good chance that SPX back-tests its 50 D-SMA sometime this week before heading higher to test its PDL-1. Should back-testing of 50 D-SMA or testing of PDL-1 fail, there is a chance that SPX tests trend line support around 2670 later this week or early next week.
SGS advanced higher than +50 on Friday and changed its status from SHORT to LONG.
My Plan
I didn't open any short positions last week. With SGS being LONG now, my plan is to open my first of three position in QQQ sometime this week.
Current Long-Term Portfolio (2018)
Past Long-Term Portfolios (2008-2017)
I didn't open any short positions last week. With SGS being LONG now, my plan is to open my first of three position in QQQ sometime this week.
Current Long-Term Portfolio (2018)
Past Long-Term Portfolios (2008-2017)
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.
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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