SGS Market Timer Status: LONG
LONG as of the close of June 30, 2017
SGS is a Long-Term (weeks to months) Timer
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
LONG as of the close of June 30, 2017
SGS is a Long-Term (weeks to months) Timer
SGS advanced higher again last week. It's now above its DTL and touching its ADL. There is a possibility that ADL pushes SGS down.
Next week is critical and there is a possibility that Trump/Russia investigation take a bad turn for the President. Should that happen, chances are good that we see a significant sell-off in indices.
Next week is critical and there is a possibility that Trump/Russia investigation take a bad turn for the President. Should that happen, chances are good that we see a significant sell-off in indices.
Last week SPX, NAZ, RUT put in fresh all-time highs. Barring any bad political news and chaos, indices should advance higher this coming week.
My Plan
Per my plan, I did my second buy (SSO) of three buys last Monday. I'm watching the news out of Washington to see if it would wise to close long positions and move back into cash.
Per my plan, I did my second buy (SSO) of three buys last Monday. I'm watching the news out of Washington to see if it would wise to close long positions and move back into cash.
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.
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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