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)
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
SPX sold off around 2.5% and closed below its DTL on its weekly chart, shown above. Chances are high that selling continues this coming week as SPX tests its PUL-2 around 2100.
Shorter Term Outlook
SPX closed below its 50 D-SMA on Friday. At this point chances are good for SPX continues its selling this coming week to first test its Old PDL-0 and 100 D-SAM around 2120 the then its PUL-2 around 2100.
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 to tests its PUL-2 around 2100 sometime this week.
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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