Friday, March 11, 2016

FRI - MAR 11 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
(short term trading record of SPY using sgs_st will be posted soon. I'm waiting for a change in sgs_st status)


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@ 12:05 - Draghi yesterday said one important thing and that was the idea that ECB would buy corporate bonds. Whether or not he gets to do that is a different story and we have to wait and see.  If ECB actually starts to buy corporate bonds, that would in a way enable big corporations to issue bonds almost at zero percent and use the money to buy back their own stocks.

@ 10:50 - A longer term view of what is happening:




@ 10:00 - On its hourly chart below, SPX broke through its PDL-0 and now trading above it.  Bears need a close today below that line:




@ 08:55 - Support: 1980, 1970
                   Resistance:  2005, 2020
 

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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.
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