Hello President Pence

SGS  Market Timer Status:  NEUTRAL 
NEUTRAL as of the close of Friday April 13, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

Earlier this month I wrote that financial markets would soon start to ignore Trump and the chaos he unleashes on daily basis.  I think we are there now.  Not only markets are ignoring him and his tweets but they're also predicting his resignation sometime in the next 12 months. 

The correction that started in late January was over in terms of its price (340 points or 12% for SPX) on February 9  but it still continued and corrected in time until April 2 as indices tested their February lows with bullish divergences in volume, technical  indicators, breadth, and internals.  Chances are high that indices are now going higher on the back of a new bull leg that started on April 2. For SPX, it's very likely that we see a rally until early summer as SPX challenges and takes out its all-time high (2872).

After advancing every day two weeks ago, SGS declined every day last week expect on Friday when, despite neutral indices, SGS advanced significantly.  That is bullish and signals that higher prices are ahead for indices.. 

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

My Plan

I'm still planning to open my third and final long position in QQQ sometime this coming week.

Current Long-Term Portfolio (2018)
Past Long-Term Portfolios (2008-2017)

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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.