Sunday, June 10, 2018

A Buying Opportunity Is Very Likely Coming Up

 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

There is a good chance that the meeting between Trump and Kim Jong Un this week  spirals out of control as siting of #OrangeSwan in Singapore harbor is reported.  If that happens, major indices would correct a couple of percent, providing an excellent buying opportunity.

Last week, both NAZ and NDX reached and closed at new all-time highs.  Barring #OrangeSwan, there is an excellent chance that remaining major indices follow RUT, NAZ, NDX, and reach new fresh all-time highs between now and early July.

SGS advanced last week and it's well in "LONG" territory which is bullish and signals higher prices ahead.

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

My Plan

For now, I'm staying long in QQQ.  Links for my current and past long-term portfolios are shown below.

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.