Sunday, July 29, 2018

Volatility Continues

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday July 13, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

I expect the selling that started on Thursday to continue for another day or two.

SGS remained unchanged last week but still above 50 and hence LONG.

Supports and resistances for SPX for the upcoming week are shown above.  SPX broke punched through its PDL-1 earlier in the week but then sold-off and closed right on it.  At this point, there is a good chance that selling continues and SPX tests its DTL (13 W-EMA) on its weekly chart before heading higher.

My Plan

SGS is LONG and my plan is to open long positions in QQQ as SPX sell-off to test its DTL around 2765.

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.