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


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.