SGS_LT Market Timer Status: LONG
LONG as of close of July 22, 2016
SGS_LT is a Long Term (weeks to months) Timer
Current Long Term Portfolio (2016)
Past Long Term Portfolios (2008-2015)
Longer Term Outlook
LONG as of close of July 22, 2016
SGS_LT is a Long Term (weeks to months) Timer
Current Long Term Portfolio (2016)
Past Long Term Portfolios (2008-2015)
Longer Term Outlook
My guess still is that Trump will quit the race. I wouldn't be surprised to hear that RNC and Trump are negotiating over what it would take for Trump to step aside. His campaign is to release its July financial data soon. I would be looking to see if "his personal loans" to his campaign has ballooned to around "$100 million". One way RNC could bribe Trump to quit, is for RNC to agree to pay him back those "personal campaign loans".
No change since last week, indices are quite overbought. Chances are good that SPX sells off this coming week to test its 50 D-SMA around 2140.
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 informational purposes only and should not be construed in any way as investment advice or recommendation. Furthermore, the opinions expressed may change without notice.
Shorter Term Outlook
No change since last week, indices are quite overbought. Chances are good that SPX sells off this coming week to test its 50 D-SMA around 2140.
My Plan
My
plan still is to open long positions in SPY. I'm planning to open my first of
three long positions in SPY sometime this week as SPX sells off to test its 50 D-SMA around 2140.
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 informational 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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