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.
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