Sunday, May 6, 2018

Major Indices Are Ready To Go Higher

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

A correction in time happens when indices move sideways for an extended period.  We are currently are in such a period.  However, there are bullish signs indicating that the correction that started in late January has run its course in terms of both price and time.  These signs are bullish divergences in volume, indicators, breadth, and internals as indices tested lows of early February time and time again.

SGS remained in the NEUTRAL range(+/- 50) last week. There is a good chance that SGS advances higher and changes its status to LONG by Friday. 

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 as soon as SGS goes above +50.

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.