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