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