Monday, February 22, 2016

MON - FEB 22 2016

SGS_LT Market Timer Status:  SHORT 
Short as of close of Dec 11, 2015
SGS_LT is a Long Term (weeks to months) Timer
Current Long Term Portfolio (2016)
Updated for recent trades


SGS_ST  Market Timer Status:  SHORT 
Short as of  1:00 PM on Feb 18, 2016
SGS_ST is a Short Term (hours to days) Timer for SPX

@ 11:10 PM ..... Market internal and breadth data suggests that the rally from SPX 1810 peaked today at 1946 ... SPX futures are down around 8 points, let's see what tomorrow brings.


@ 2:25 PM .... SPX has formed a small bear flag (pink) on its hourly chart below.  A move down outside of the flag would signal more selling into the close today:


@ 11:45 AM ...Weekly DTL (13 W-EMA) seems to be the resistance that SPX has to overcome for the rally since 1810 to continue:

  
@ 9:15 AM ....
Support: 1925 - 1900
Resistance: 1940-1950
Specific support (red up arrows) and resistance (green down arrows) levels are shown on SPX daily chart below:


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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   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend 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.