Sunday, May 12, 2019


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

Four major geopolitical problems, China, Iran, Venezuela and North Korea, are hitting the Trump administration all at the same time.  That is putting tremendous pressure on indices as investors worry if the administration can handle those issues without turning them into crises.

SGS declined last week and got closer to turning from "LONG" to "NEUTRAL".

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

My Plan

I am watching SPX to see if it can manage to trade and close above last Friday's low, 2725. I very likely close all long positions if it looks like that SPX 2725 is going to be breached.

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.