Sunday, July 1, 2018

SGS Market Timer Is NEUTRAL

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

SGS changed its status to NEUTRAL as of the close of Friday.  

No one knows where financial markets are heading as Trump wages on his trade war.  One thing is for sure, if Dems manage to pull out a big victory in the fall (win majority in both the House and the Senate) then we could see a sizable correction to indices.  As usual, it's going to be "sell the rumor and buy the news".  In other words, indices would start to head south on any news and sign that there is a big "blue wave" coming.  The indices would then bottom out once it becomes clear that the big "blue wave" is just going to crash into a hard "red rocky shore" and amount to nothing.

SGS declined last week to below 50 and changed its status from "LONG" to "NEUTRAL".

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

My Plan

My plan is to close (sell) my long QQQ positions early Monday.  I will tweet as I close  my positions.

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.