Sunday, March 25, 2018

SGS Market Timer Is NEUTRAL

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

Why Market Timing Is A Must

The WH chaos goes on and  causes high market volatility.  Where and how the chaos ends is unpredictable but one thing is for sure, it won't end well for anyone or anything including financial markets.

SPX sold off sharply on Thursday and Friday last week and closed near its low for the week which was within around 2% of the low reached on Friday February 9.  There is a good chance that SPX is testing that low now and if successful, it would rally to test resistance at its TDL and PDL-1.  If testing of 2532 level fails, then SPX very likely would sell-off significantly more to around 2470.

SGS declined everyday last week to and ended up at -43.20 on Friday and changed its status from "LONG" to "NEUTRAL".  

Supports and resistances for SPX for the upcoming week are shown above.

My Plan

Per my plan, I opened my second of 3 long positions in QQQ on Tuesday.  With SGS turning NEUTRAL, my plan is to close those two long positions sometime 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.