Sunday, February 10, 2019

Rally Continues

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



So far this month, as show above, SPX has successfully punched through strong resistance by its M-DTL and PDL-2 on its monthly chart.  Last week, SPX back-tested that resistance and cleared the way to continue its rally. 

SGS advanced last week and changed its status from "NEUTRAL" to "LONG" as of the close of Friday.

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


My Plan

Per may plan I opened my first of three long positions last Monday. My plan is to open my second long position of three in the following 10 stocks (equal $ amount) sometime early this week:

1. XLNX
2. WDAY
3. INCY
4. EWZ
5. AVGO
6. CHTR
7. PG
8. SBUX
9. BA
10. ADI

I'm also selling REGN and replacing it with SBUX on Monday.


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

twitter
Contact: opader@gmail.com



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.