Saturday, May 12, 2018

SGS Market Timer Is LONG

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday May 11, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

The Middle East tinderbox might blow up this coming week, causing a sharp sell-off of financial markets. That sell-off would be a good buying opportunity. 

SGS advanced past +50 on Thursday and on Friday SGS changed its status from NEUTRAL to LONG. 

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

My Plan

I'm planning to open my 3rd and final long position in QQQ as SPX sells off to test its 50 D-SMA around 2670 early this coming 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.