Sunday, January 19, 2020

Indies Grind Higher To Overbought Levels

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


sgs-st Market Timer Status:  long 
sgs-st is a Short-Term (hours to days) Timer


Money from the Fed's new QE-FE (Quantitative Easing For Ever based on Modern Monetary Theory) is injected into the financial system at an unrepresented rate,  about $100 Billion per month.  So long as the Fed continues to create money out of thing air and expand its balance sheet, indices have no place to go but higher.   Dips are buying opportunities.

SGS advanced last week and confirmed new all-time highs in most major indices.  That is bullish.

Support and resistance levels for SPX are shown above.  

My Plan

sgs-st is long but getting close to overbought levels. I'm still 100% in SPXL.

Current Long-Term Portfolio
Past Long-Term Portfolios


twitter
opader@gmail.com


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.

Sunday, January 12, 2020

The Coast Is Clear Until June 2020

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


SGS-ST Market Timer Status:  Long 
SGS-ST is a Short-Term (hours to days) Timer

Fortunately cooler heads, both in the US and Iran, prevailed and an all-out war was averted last week.  Barring an unforeseen event, equities will grind higher on the back of the new QE between now and June.  Dips are buying opportunities.

SGS advanced last week and confirmed new all-time highs in most major indices.  That is bullish.

Support and resistance levels for SPX are shown above.  

My Plan

Last Wednesday SGS-ST turned from Neutral to Long and I opened one long position in SPXL.

Current Long-Term Portfolio
Past Long-Term Portfolios


twitter
opader@gmail.com


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.

Saturday, January 4, 2020

The Law Of Unintended Consequences

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


SGS-ST Market Timer Status:  Neutral 
Neutral as of 1 PM Tuesday Dec 24, 2019
SGS-ST is a Short-Term (hours to days) Timer

Neither the US nor Iran wants a war but the law of unintended consequences might soon dictate one in the Persian Gulf. If an all out war breaks out, the global everything bubble that has been inflated by central banks around the world in the last 11 years, would surely pop.  That would send the US and the global economy into a deep recession if not a depression.


After reaching an over-bought level last week, SGS declined this week, signalling that the sell-off that started on Friday very likely continues for another week or two.


Support and resistance levels for SPX for the coming week are shown above.  


My Plan

SGS-ST is still Neutral.  I'm in cash and waiting to see which way SGS-ST turns.


Current Long-Term Portfolio
Past Long-Term Portfolios


twitter
opader@gmail.com


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.