Sunday, March 3, 2019

Rally In Stocks 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, 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.

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:

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.