Saturday, November 2, 2019

Santa Arrives Early With A QE Gift

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

As the market enter into the most seasonally bullish period of the year with a QE tail wind, indices have no where to go but higher.  

SGS advanced last week confirming new all-time highs for SPX, NAZ, OEX, and NDX.  

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

My Plan

Per my plan I closed my position in SSO on Wednesday as SGS-ST turned neutral from long. Then on Friday I opened a new position (one position with 100% of capital) in SPXL as SGS-ST turned long from neutral.  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.