Sunday, July 8, 2018

Let The Market Lead

SGS  Market Timer Status:  NEUTRAL 
NEUTRAL as of the close of Friday June 29, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

I'm not sure where the indices are heading.  It's best to let the market lead.

SGS advanced on Thursday and Friday last week but still remained below 50 as of the close of Friday and hence its status is still NEUTRAL.

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

My Plan

Per my plan I closed my long QQQ positions on Monday at the open.  SGS is still NEUTRAL and my plan is to remain in cash for now.

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.