Saturday, October 26, 2019

QE-FE Finds Its Way Into The Market

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday Oct 25, 2019
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

It took the market only a couple of days to figure out how to bring the money injected into the economy by the Fed's new QE program into equities. Since 2009, as shown on the chart above, once the QE money finds its way into equities, indices rally. With $60 billion coming in every month between now and end of June 2020, indices have no where to go but higher.  

SGS advanced last week and changed its status to LONG.

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

My Plan

Per my plan I opened a new long position in SSO on Tuesday (one position with 100% of capital).  I'm using SGS-ST to short-term trade all long-term accounts.

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.