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
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
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)
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)
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.
Posts
