SGS Market Timer Status: NEUTRAL
NEUTRAL as of the close of Friday Feb 1, 2019
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
Last month, SPX rallied 15% from its recent late December (2346) low, and as of the close of last Friday, it retraced 61.8% of its 2018 last quarter decline. SPX and other major indices have reached a fork in the road. My analysis shows that there is a good chance that indices continue their rally and advance higher.
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
NEUTRAL as of the close of Friday Feb 1, 2019
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
SGS advanced sharply last week and changed its status from "SHORT" to "NEUTRAL" as of the close of last Friday.
Support and resistance levels for SPX for this week are shown above.
My Plan
My plan is to open my first 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. REGN
9. BA
10. ADI
Current Long-Term Portfolio (2019)
Past Long-Term Portfolios (2018-2008)
My plan is to open my first 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. REGN
9. BA
10. ADI
Current Long-Term Portfolio (2019)
Past Long-Term Portfolios (2018-2008)
1. XLNX
2. WDAY
3. INCY
4. EWZ
5. AVGO
6. CHTR
7. PG
8. REGN
9. BA
10. ADI
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.
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.
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