Selling Should Resume With Vengeance

SGS Market Timer Status:   SHORT 
Short as of close of 9/12/2014

RTS Long Term Current and Past Portfolios

Updated for recent trades

If indices are to correct 10% to 15%, the selling should start this coming week.  Otherwise the sell off may never materialize anytime soon, especially if companies start reporting great earnings for the 3rd quarter.

Last week SPX tested its 50 D-SMA, but managed to close above it for the week on Friday.  That is not good news for bears, but still chances are excellent that selling starts this coming week.

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Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.

It's Going To Get Ugly

SGS Market Timer Status:   SHORT 
Short as of close of 9/12/2014

RTS Long Term Current and Past Portfolios

Everyday last week Big Money (BM) pushed cash indices higher by buying their future contracts, but even BM is not big enough to continue that indefinitely.  Now BM has no choice other than selling those contracts he accumulated for the last couple of weeks.

Chances are good that Friday sell off accelerates on Monday.  My plan is to add more short positions as SPX close below its 20 D-SMA, very likely on Monday.

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Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.

SGS Market Timer Is SHORT

SGS Market Timer Status:   SHORT 
Short as of close of 9/12/2014

RTS Long Term Current and Past Portfolios

In Cash

SGS Market Timer is short as of close of last Friday.  SPX is on its way to tests its 50 D-SMA early this coming week and continue to sell off to test its Active Uptrend Line.

My plan is to open first short position of three in indices (SPY, QQQ and IWM) sometime early Monday.  As soon as SPX closes below its 50 D-SMA, I will add to short positions in indices and short 5 stocks with the lowest RTS ranking.

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Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.

A Top Is In

SGS Market Timer Status:   NEUTRAL 
Neutral as of close of 8/1/2014

RTS Long Term Current and Past Portfolios

In Cash

A top is in and the start of a 10% to 15% correction is imminent, however; it's too risky to go short right away.

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Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.

Upside For Indices Is Limited

SGS Market Timer Status:   NEUTRAL 
Neutral as of close of 8/1/2014

RTS Long Term Current and Past Portfolios

In Cash 
 

Last week SPX continued its advance and setting new all time highs on shrinking volume and leadership.  This type of advance is not sustainable and 10% to 20% correction could start at any point now.

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Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.