Sunday, March 10, 2019

Selling 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

As shown above on the monthly chart for SPX, SPX has been selling-off to back test its M-DTL (13 M-EMA) around 2700 before heading higher.

SGS declined last week but it still in "LONG" territory.

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

My Plan

My best guess is that the sell-off that started last week continues. I'm still in cash and waiting for an opportunity to do my first of two buys in the following seven stocks:

3. DHR
4. BA
7. LLY

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.