SGS Market Timer Status: LONG
LONG as of the close of Friday Feb 8, 2019
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
SPX continued its rally last week and closed well above its M-DTL as shown above. The likelihood of SPX closing above its M-DTL for this month is high and that would make the close for this month the second consecutive close above M-DTL. In the post 2008 crash financial era, SPX has continued its rally for at least eight consecutive months in four out of five instances when SPX had closed above its M-DTL for two consecutive months after a 15% to 20% sell-off.
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 Friday Feb 8, 2019
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
SGS advanced last week and pushed further into "LONG" territory.
Support and resistance levels for SPX for this week are shown above.
My Plan
I expect a sell-off for a day or two as SPX tests its D-DTL and 200 D-SMA around 2745 sometime this week. My plan is still to open the third and final long positions into that sell-off, hopefully early this week.
Current Long-Term Portfolio (2019)
Past Long-Term Portfolios (2018-2008)
I expect a sell-off for a day or two as SPX tests its D-DTL and 200 D-SMA around 2745 sometime this week. My plan is still to open the third and final long positions into that sell-off, hopefully early this week.
Current Long-Term Portfolio (2019)
Past Long-Term Portfolios (2018-2008)
Past Long-Term Portfolios (2018-2008)
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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