Monday, May 29, 2017

SGS Is "LONG"

SGS  Market Timer Status:  LONG 
LONG as of the close of May 26, 2017
SGS is a Long-Term (weeks to months) Timer


SGS went up and closed above its DTL last week, but it's still below its ADL. 


I'm not sure where indices are heading.

My Plan

I'm watching from the sideline to see of SGS would close above its ADL.  A close ADL this coming week would be bullish and I would feel comfortable opening long position at that point.



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    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
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.
on

Sunday, May 21, 2017

Indices Are About To Take A Big Leg Down

SGS  Market Timer Status:  NEUTRAL 
NEUTRAL as of the close of May 12, 2017
SGS is a Long-Term (weeks to months) Timer


SGS is now significantly below its DTL and ADL signaling more selling ahead.


Chances are good that major indices take a big leg down next week.  Support levels are shown on the chart above.

My Plan

I'm watching from the sideline.



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    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
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.
on

Sunday, May 14, 2017

SGS Is "NEUTRAL"

SGS  Market Timer Status:  NEUTRAL 
NEUTRAL as of the close of May 12, 2017
SGS is a Long-Term (weeks to months) Timer

On Friday, SGS closed below its DTL (13 D-EMA), signaling a sell-off next week.

Chances are high that SPX sells off to test supports shown on the weekly chart shown above.

My Plan

I'm watching from the sideline.



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    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
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.
on

Sunday, May 7, 2017

Volatility Is Returning

SGS  Market Timer Status:  LONG 
LONG as of close of November 11, 2016
SGS is a Long-Term (weeks to months) Timer


Generally speaking, things are pretty bullish and indices could go up another 10% to 15% from here before we see a sizable pullback.  There are signs, however, that point to no or limited advance in indices.  As shown in the chart above, SPX challenged its recent all-time high (2400) in the last couple of weeks twice but both times on a shrinking number of news highs s and expanding number of new lows.  That is a classic bearish divergence.

SPX unsuccessfully challenged its all-time high last week again. I expect another volatile week ahead and a possible test of its TUL and PDL-0 around 2365 and 2340, respectively.

My Plan

My plan is to open my first long position of three in SPY and QQQ sometime early on Monday.



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    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
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.
on
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