Volatility Continues

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday July 13, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

I expect the selling that started on Thursday to continue for another day or two.

SGS remained unchanged last week but still above 50 and hence LONG.

Supports and resistances for SPX for the upcoming week are shown above.  SPX broke punched through its PDL-1 earlier in the week but then sold-off and closed right on it.  At this point, there is a good chance that selling continues and SPX tests its DTL (13 W-EMA) on its weekly chart before heading higher.

My Plan

SGS is LONG and my plan is to open long positions in QQQ as SPX sell-off to test its DTL around 2765.

Current Long-Term Portfolio (2018)
Past Long-Term Portfolios (2008-2017)

twitter
info@balancetrading.org
#balancetrading
#OrangeSwan

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.

A Volatile Week Is Coming

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday July 13, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

Chaos continues and indices remain volatile without any meaningful gain or loss.

SGS remained unchanged last week but still above 50 and hence LONG.

Supports and resistances for SPX for the upcoming week are shown above.  SPX is still trading below its PDL-1.  A close above that line on weekly basis would bullish and would signal higher prices ahead.

My Plan

SGS is LONG and my plan is to open long positions in QQQ if SPX closes above its PDL-1 on its weekly chart.

Current Long-Term Portfolio (2018)
Past Long-Term Portfolios (2008-2017)

twitter
info@balancetrading.org
#balancetrading
#OrangeSwan

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.

SGS Market Timer Is LONG

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday July 13, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

Chaos continues and indices remain volatile.

SGS advanced last week, closed above 50 on Friday, and changed its status from NEUTRAL to LONG.

Supports and resistances for SPX for the upcoming week are shown above.  SPX is coming against it PDL-1.  A close above that line on weekly basis would bullish and would signal higher prices ahead.

My Plan

SGS is LONG and my plan is to open long positions in QQQ if SPX closes above its PDL-1 on its weekly chart.

Current Long-Term Portfolio (2018)
Past Long-Term Portfolios (2008-2017)

twitter
info@balancetrading.org
#balancetrading
#OrangeSwan

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.

Let The Market Lead

SGS  Market Timer Status:  NEUTRAL 
NEUTRAL as of the close of Friday June 29, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

I'm not sure where the indices are heading.  It's best to let the market lead.

SGS advanced on Thursday and Friday last week but still remained below 50 as of the close of Friday and hence its status is still NEUTRAL.

Supports and resistances for SPX for the upcoming week are shown above.

My Plan

Per my plan I closed my long QQQ positions on Monday at the open.  SGS is still NEUTRAL and my plan is to remain in cash for now.

Current Long-Term Portfolio (2018)
Past Long-Term Portfolios (2008-2017)

twitter
info@balancetrading.org
#balancetrading
#OrangeSwan

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.

SGS Market Timer Is NEUTRAL

SGS  Market Timer Status:  NEUTRAL 
NEUTRAL as of the close of Friday June 29, 2018
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

SGS changed its status to NEUTRAL as of the close of Friday.  

No one knows where financial markets are heading as Trump wages on his trade war.  One thing is for sure, if Dems manage to pull out a big victory in the fall (win majority in both the House and the Senate) then we could see a sizable correction to indices.  As usual, it's going to be "sell the rumor and buy the news".  In other words, indices would start to head south on any news and sign that there is a big "blue wave" coming.  The indices would then bottom out once it becomes clear that the big "blue wave" is just going to crash into a hard "red rocky shore" and amount to nothing.

SGS declined last week to below 50 and changed its status from "LONG" to "NEUTRAL".

Supports and resistances for SPX for the upcoming week are shown above.

My Plan

My plan is to close (sell) my long QQQ positions early Monday.  I will tweet as I close  my positions.

Current Long-Term Portfolio (2018)
Past Long-Term Portfolios (2008-2017)

twitter
info@balancetrading.org
#balancetrading
#OrangeSwan

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.