Sunday, January 29, 2017

Still Waiting For An Entry To Go Long

SGS_LT Market Timer Status:  LONG 
LONG as of close of  November 11, 2016
SGS_LT is a Long Term (weeks to months) Timer
Current Long Term Portfolio (2017)
Past Long Term Portfolios (2008-2016)


Long Term Outlook


Longer term, chances are good for SPX to sell off to tests its DTL-W around 2250 sometime this coming and then continues its sell off to test its PUL-2 and price support around 2200.

Short Term Outlook


Shorter term, chances are good for SPX to sell off to tests its D-DTL around 2280 sometime this coming and then continues its sell off to test its AUL around 2270.

My Plan

The latest chaos created by the US administration could escalate and cause a minor sell off this coming week.  If there is no selling of individual stocks, then the upcoming sell off would be a good buying opportunity.  My plan is to do my first buy of three in SPY.


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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