Sunday, February 24, 2019

Indices Look Good

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday Feb 8, 2019
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

SPX continued its rally last week and closed well above its M-DTL as shown above.  The likelihood of SPX closing above its M-DTL for this month is high and that would make the close for this month the second consecutive close above M-DTL.  In the post 2008 crash financial era, SPX has continued its rally for at least eight consecutive months in four out of five instances when SPX had closed above its M-DTL for two consecutive months after a 15% to 20% sell-off.

SGS advanced last week and pushed further into "LONG" territory.

Support and resistance levels for SPX for this week are shown above.

My Plan

I expect a sell-off for a day or two as SPX tests its D-DTL and 200 D-SMA around 2745 sometime this week.  My plan is still to open the third and final long positions into that sell-off, hopefully early this week.

Current Long-Term Portfolio (2019)
Past Long-Term Portfolios (2018-2008)


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.