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 has rallied strongly from its December low and reached near 2800 which is right at its Fib. ratio 76.4% retracement. There is a good chance that SPX sells-off this week to test its M-DTL around 2700 before rallying higher.
For the rally to continue, it is critical that SPX overcomes resistance at 2800 and advances higher to close substantially above its M-DTL (currently at 2700).
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
For the rally to continue, it is critical that SPX overcomes resistance at 2800 and advances higher to close substantially above its M-DTL (currently at 2700).
SGS advanced last week and pushed further into "LONG" territory.
Support and resistance levels for SPX for this week are shown above.
My Plan
Per may plan I opened the second of three long positions last Thursday. My plan is to open the third and final positions as SPX is initially pushed down by resistance at 2800.
Current Long-Term Portfolio (2019)
Past Long-Term Portfolios (2018-2008)
Per may plan I opened the second of three long positions last Thursday. My plan is to open the third and final positions as SPX is initially pushed down by resistance at 2800.
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.
Posts
