Sunday, January 19, 2020

Indices 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


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.