Sunday, March 11, 2018

SGS Market Timer Is LONG

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.

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. 

Supports and resistances for SPX are shown above.

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)

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.