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
2018 is off to a fantastic start and chances are high that the rally continues for a while, a long while.
With the new tax plan in place, starting in 2018, the US companies will pay very little or no taxes. Instead, they will use the money to buy their own stocks and pay generous dividends to their shareholders. They also will bring back their overseas profits tax-free and use that money to buy more shares and pay more dividends. The new tax plan also gives considerable incentive for the US companies to modernize their plants and eliminate more workers, and thus realizing considerable savings in labor cost. This is all extremely bullish.
As shown above, SGS rocketed higher in last four trading days. That is bullish and signals higher prices ahead. BTFD.
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
2018 is off to a fantastic start and chances are high that the rally continues for a while, a long while.
With the new tax plan in place, starting in 2018, the US companies will pay very little or no taxes. Instead, they will use the money to buy their own stocks and pay generous dividends to their shareholders. They also will bring back their overseas profits tax-free and use that money to buy more shares and pay more dividends. The new tax plan also gives considerable incentive for the US companies to modernize their plants and eliminate more workers, and thus realizing considerable savings in labor cost. This is all extremely bullish.
The uptrend is very much intact and continuing. Indices are, however, overbought and chances of a sell-off to test ASL and weekly DTL are high.
My Plan
I didn't get a chance to open my 2nd and final long position in SSO last week. My plan is to do so this coming week, hopefully into a consolidation sell-off.
Current Long-Term Portfolio (2018)
Past Long-Term Portfolios (2008-2017)
I didn't get a chance to open my 2nd and final long position in SSO last week. My plan is to do so this coming week, hopefully into a consolidation sell-off.
Current Long-Term Portfolio (2018)
Past Long-Term Portfolios (2008-2017)
Current Long-Term Portfolio (2018)
Past Long-Term Portfolios (2008-2017)
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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