SGS Market Timer Status: SHORT
SHORT as of the close of Friday, March 2, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
Major indices sold-off around 2% last week. There is a good chance that selling continues until early to mid April, especially if Turmp chaos continues.
For SPX, the likelihood of a sell-off to test its February 9 low (2532) is extremely high.
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
SHORT as of the close of Friday, March 2, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
Major indices sold-off around 2% last week. There is a good chance that selling continues until early to mid April, especially if Turmp chaos continues.
As shown above, there is an extremely high chance that SPX tests its February 9 low (2532) sometime in the next 10 trading days. There is also a high chance that the support around 200 D-SMA (2565) fails and SPX continues its sell-off to around 2200 between now and early to mid April. That would be a garden variety bull market correction of 20% to 25%.
SGS advanced higher early last week but then it declined below -50 by Friday and changed its status from NEUTRAL to SHORT.
My Plan
Per my plan, I closed my only SDS position on Wednesday and of course within a few minutes indices started to sell-off :(.
SGS is SHORT and my plan is to open my first of 3 positions in SDS early Monday AM.
Current Long-Term Portfolio (2018)
Past Long-Term Portfolios (2008-2017)
Per my plan, I closed my only SDS position on Wednesday and of course within a few minutes indices started to sell-off :(.
SGS is SHORT and my plan is to open my first of 3 positions in SDS early Monday AM.
Current Long-Term Portfolio (2018)
Past Long-Term Portfolios (2008-2017)
SGS is SHORT and my plan is to open my first of 3 positions in SDS early Monday AM.
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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