Saturday, August 20, 2016

Selling Very Likely Continues

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



Longer term (weeks to months), there is no doubt that Big Money wants Hillary in the White House, so as it becomes more and more clear that Donald has no plan to win, indices would rally between now and the election.

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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