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, SPX closed February 2019 well above its M-DTL on its monthly chart. 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.
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
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
SGS advanced last week and pushed further into "LONG" territory.
Support and resistance levels for SPX for this week are shown above.
My Plan
On Friday, I closed my long positions and took profit. I still expect a sell-off for a day or two as SPX tests its D-DTL and 200 D-SMA around 2750 sometime this week. My plan is to open the first of two long positions into that sell-off. I'm planning to buy the following seven stocks:
1. XLNX
2. CDNS
3. DHR
4. BA
5. INCY
6. INTU
7. LLY
Current Long-Term Portfolio (2019)
Past Long-Term Portfolios (2018-2008)
On Friday, I closed my long positions and took profit. I still expect a sell-off for a day or two as SPX tests its D-DTL and 200 D-SMA around 2750 sometime this week. My plan is to open the first of two long positions into that sell-off. I'm planning to buy the following seven stocks:
1. XLNX
2. CDNS
3. DHR
4. BA
5. INCY
6. INTU
7. LLY
Current Long-Term Portfolio (2019)
Past Long-Term Portfolios (2018-2008)
1. XLNX
2. CDNS
3. DHR
4. BA
5. INCY
6. INTU
7. LLY
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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