Sunday, November 17, 2019

The Grind Up Continues

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

Barring an unforeseen dire financial or political event, indices will grind higher as the new QE money finds its way into equities.

SGS declined last week and didn't confirm new all-time highs for DJI, SPX, NAZ, OEX, and NDX.  I expect SGS to advance this week. 

Support and resistance levels for SPX for this week are show above.  I expect RUT and DJT to follow DJI, SPX, NAZ, OEX, NDX and put in new all-time highs soon.

My Plan

Last Friday SGS-ST changed its status from Neutral to Long.  I opened my one and only long position in SPXL.

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.