Sunday, April 26, 2015

The Grind Up Will Continue

SGS Market Timer Status:   LONG 
LONG as of close of 3/16/2015

RTS Current Portfolio (2015)
Updated for recent trades



 
SPX rallied and broke through its ADL last week and put in and closed at a new all time high.  SPX has now established a sustainable up trending price channel (show in green).  Chances are good that SPX continues its advance after back testing of double support (blue arrow) around 2110 early this coming week.


SPX: S&P 500 Index    D-SMA: Daily - Simple Moving Average
DJI: Dow Jones Industrial Index    D-EMA: Daily - Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ADL: Active Downtrend Line
OEX: S&P 100 Index    AUL: Active Uptrend Line
NDX: Nasdaq 100 Index    DTL: Dynamic Trend Line 

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.
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Sunday, April 19, 2015

Buying Fear And Worry

SGS Market Timer Status:   LONG 
LONG as of close of 3/16/2015   
 
RTS Current Portfolio (2015)
 

 

 
SPX rallied and broke through its PDL last week and was on its way to put in another new all time high.  Then worries about Greece and China crept in causing a sell off last Friday.

These type of worries in an extremely accommodating monitory environment are good opportunities to add to long positions.  My plan is do my 3rd buy as soon as SPX closes above its PDL, very likely sometime this coming week.


SPX: S&P 500 Index    D-SMA: Daily - Simple Moving Average
DJI: Dow Jones Industrial Index    D-EMA: Daily - Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ADL: Active Downtrend Line
OEX: S&P 100 Index    AUL: Active Uptrend Line
NDX: Nasdaq 100 Index    DTL: Dynamic Trend Line 

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.
on

Saturday, April 11, 2015

New Highs For Major Indices Are Coming

SGS Market Timer Status:   LONG 
LONG as of close of 3/16/2015  
 
RTS Current Portfolio (2015)

 

 
SPX rallied last week and closed slightly above its PDL on Friday.  At this point, chances are excellent that all major indices, including SPX, hit new all time highs this coming week as we enter into the most bullish period of the Presidential Cycle.

SPX very likely rallies on Monday to test ADL resistance around 2110.  A pull back to back test PDL around 2100 is very likely early next week.  My plan is to do my 3rd buy as PDL is back tested.


SPX: S&P 500 Index    D-SMA: Daily - Simple Moving Average
DJI: Dow Jones Industrial Index    D-EMA: Daily - Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ADL: Active Downtrend Line
OEX: S&P 100 Index    AUL: Active Uptrend Line
NDX: Nasdaq 100 Index    DTL: Dynamic Trend Line 

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.
on

Sunday, April 5, 2015

Down Side For SPX Is Limited

SGS Market Timer Status:   LONG 
LONG as of close of 3/16/2015
 
RTS Current Portfolio (2015)
 
 
 
Last week on Thursday, SPX tested its triple resistance point (AUL, 50 and 20 D-SMA at 2072) and quickly sold off to close at 2067.

SPX futures are down 0.7% as of this writing due to disappointing job numbers released on Friday.  In very short term, bad job numbers are negative, but in intermediate to long term weak employment data is quite bullish because:
  1. The Fed is going to remain dovish and leave interest rates alone for foreseeable future.
  2. Weak employment data means lower labor cost for companies.
Chances are good that SPX initially sells off to 2040 on Mon before heading higher.


SPX: S&P 500 Index    D-SMA: Daily - Simple Moving Average
DJI: Dow Jones Industrial Index    D-EMA: Daily - Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ADL: Active Downtrend Line
OEX: S&P 100 Index    AUL: Active Uptrend Line
NDX: Nasdaq 100 Index    DTL: Dynamic Trend Line 

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.
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