SGS Market Timer Status: NEUTRAL
NEUTRAL as of the close of Friday March 23, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
The WH chaos goes on and causes high market volatility. Where and how the chaos ends is unpredictable but one thing is for sure, it won't end well for anyone or anything including financial markets.
Supports and resistances for SPX for the upcoming week are shown above.
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
NEUTRAL as of the close of Friday March 23, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
The WH chaos goes on and causes high market volatility. Where and how the chaos ends is unpredictable but one thing is for sure, it won't end well for anyone or anything including financial markets.
SPX sold off sharply on Thursday and Friday last week and closed near its low for the week which was within around 2% of the low reached on Friday February 9. There is a good chance that SPX is testing that low now and if successful, it would rally to test resistance at its TDL and PDL-1. If testing of 2532 level fails, then SPX very likely would sell-off significantly more to around 2470.
SGS declined everyday last week to and ended up at -43.20 on Friday and changed its status from "LONG" to "NEUTRAL".
My Plan
Per my plan, I opened my second of 3 long positions in QQQ on Tuesday. With SGS turning NEUTRAL, my plan is to close those two long positions sometime next week.
Current Long-Term Portfolio (2018)
Past Long-Term Portfolios (2008-2017)
Per my plan, I opened my second of 3 long positions in QQQ on Tuesday. With SGS turning NEUTRAL, my plan is to close those two long positions sometime next week.
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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