Indices Are Looking Good

SGS  Market Timer Status:  LONG 
LONG as of the close of September 8, 2017
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

Reps lost their election in AL but no reaction in equity markets.  Reps' tax plan is very likely passing sometime this week, bullish.

Again, SGS declined lower every day last week. SGS DTL is not below its 39 D-EMA, bearish.

The uptrend is still intact and continuing but chances of a sell-off to test ASL and weekly DTL are high.

My Plan

I closed long positions on Monday. I am 100% in cash now and planning to open my first of two or three long positions in SSO sometime this week.

Current Long-Term Portfolio (2017)
Past Long-Term Portfolios (2008-2016)

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SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line

TLR: Trend Line Resistance   TLS: Trend Line Support

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.

A Volatile Week Is Ahead

SGS  Market Timer Status:  LONG 
LONG as of the close of September 8, 2017
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

I'm watching the special election in Alabama.  A loss for Reps (high, IMO) could be a game changer and might cause a sell-off from mid-December to late January to early February 2018.

SGS declined lower every day last week, crossed its ARL, DTL (13 D-EMA) and its 39 D-EMA.  Bearish.

The uptrend is still intact and continuing but chances of a sell-off to test ASL and weekly DTL are high.

My Plan

I am watching to see if Reps can pull-off a win on Tuesday.

Current Long-Term Portfolio (2017)
Past Long-Term Portfolios (2008-2016)

twitter
info@balancetrading.org

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line

TLR: Trend Line Resistance   TLS: Trend Line Support

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.

More Volatility Is Ahead

SGS  Market Timer Status:  LONG 
LONG as of the close of September 8, 2017
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

Chances are high that we see the US and international markets experience high volatility going forward.  There are many reasons, chief among them are the fact that a powerful eight and half year bull market is topping out and we have an incompetent executive branch trying to govern our country.

In the very near future, I'm watching if Reps decide that they're going to pass the Senate version of the tax legislation in the House and forego any congressional conference to hammer out differences between the House and Senate versions of the bill.  That way they can simply pass the Senate bill in the House and have Trump sign it sometime next week. Done and very bullish.

I'm also watching the special election in Alabama.  A loss for Reps could be a game changer and might cause a sell-off from mid-December to late January to early February 2018.

Except for Friday, SGS advanced higher every day last week and crossed its ARL.  Also, its DTL (13 D-EMA) did a bullish crossover its 39 D-EMA.  Bullish.

The uptrend is still intact and continuing.

My Plan

I will open my 3rd and final long position in UPRO sometime early this coming week.

Current Long-Term Portfolio (2017)
Past Long-Term Portfolios (2008-2016)

twitter
info@balancetrading.org

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line

TLR: Trend Line Resistance   TLS: Trend Line Support

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.

Rally Continues

SGS  Market Timer Status:  LONG 
LONG as of the close of September 8, 2017
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

SGS advanced higher every day last week and crossed its DTL.  That is bullish.  SGS is its way to challenge its ARL sometime next week.

The uptrend is still intact and continuing.

My Plan

Per my plan, I opened my 2nd long position in SSO on Wednesday.  I'm watching SGS and as soon as DTL on SGS daily chart crosses above 39 D-EMA I will open my 3rd and final long position in UPRO.

Current Long-Term Portfolio (2017)
Past Long-Term Portfolios (2008-2016)

twitter
info@balancetrading.org

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line

TLR: Trend Line Resistance   TLS: Trend Line Support

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.

Mother Of All Tax Cuts For US Companies

SGS  Market Timer Status:  LONG 
LONG as of the close of September 8, 2017
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

Domestic and international markets are anxiously waiting to see if Republicans in the US Congress can pass Trump's tax legislation.  If that happens, chances would be high that indices advance much higher between now and the end of the year.  If it does not, indices very likely sell-off until early next year. 

SGS continued setting lower lows early last week but on Thursday and Friday it bucked its trend and advanced higher.  Where SGS ends up in the next couple of weeks is critical.

On its weekly chart, shown above, SPX is moving higher to challenge its ARL.  The uptrend is intact.

My Plan

I'm still waiting to open my 2nd long position in SSO (2X SPY).

Current Long-Term Portfolio (2017)
Past Long-Term Portfolios (2008-2016)

twitter
info@balancetrading.org

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line

TLR: Trend Line Resistance   TLS: Trend Line Support

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.

Higher Prices Are Ahead

SGS  Market Timer Status:  LONG 
LONG as of the close of September 8, 2017
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

SGS continued putting in lower lows every day last week.  On Friday, however, the breadth and internal data turned bullish for both NASDAQ and NYSE, signaling a good chance that indices resume their advance starting next week. 

On its weekly chart, shown above, SPX successfully tested its lower boundary of its price channel on Thursday. Chances are high that SPX resumes its rally higher starting next week on the back of positive news for Trump's tax plan.

My Plan

No change, my plan is still to open my 2nd long position in SSO (2X SPY) sometime this coming week.

Current Long-Term Portfolio (2017)
Past Long-Term Portfolios (2008-2016)

info@balancetrading.org

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line

TLR: Trend Line Resistance   TLS: Trend Line Support

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.

Sideways and Downward

SGS  Market Timer Status:  LONG 
LONG as of the close of September 8, 2017
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

For the last five weeks, SGS has been putting in lower lows as major indices have been putting in higher highs.  Also, last Friday, on SGS chart, DTL (13 D-EMA) crossed 39 D-EMA.  In the recent past, indices went sides ways or slightly down when there was a bearish crossing of 13 and 39 D-EMA on SGS chart.  Chances are good that we see a similar sideways or downward movement in major indices but so long as SGS remains above 50, those dips would be good buying opportunities.

Chances are high that SPX tests its immediate supports this coming week as political news breaks and the likelihood of Republicans passing their tax plan sometime this year fluctuates.  I think eventually a tax plan that is extremely rewarding for Big Money would pass and get signed sometime this year or early next year.  At the minimum, it would reduce the corporate tax rate to around 20% and allow companies to bring in their overseas profits with very little or no tax consequences.  That is pretty bullish for the market and so long as SGS is above 50, on a weekly closing basis, dips in indices should be bought.  

My Plan

My plan is to open my 2nd long position in SSO (2X SPY) on a 3% or higher pull back, hopefully sometime soon.

Current Long-Term Portfolio (2017)
Past Long-Term Portfolios (2008-2016)

info@balancetrading.org

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line

TLR: Trend Line Resistance   TLS: Trend Line Support

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.