Chaos And Uncertainty

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday Sep 6, 2019
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

Chaos and uncertainty associated with impeachment and trade war with China is going to take its toll on indices, possibly starting on Monday.

SGS declined last week, signalling possible sell-off in coming weeks.

Support and resistance levels for SPX for this week are shown above. 

My Plan

No change since last week.  I'm still sitting in cash and waiting for SGS to turn NEUTRAL and SHORT before opening short positions.

Current Long-Term Portfolio (2019)
Past Long-Term Portfolios (2018-2008)

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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.

Indecision

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday Sep 6, 2019
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

SGS remained unchanged last week, signalling indecision and confusion about the future direction of indices.

Support and resistance levels for SPX for this week are shown above. 

My Plan

I'm still sitting in cash and waiting for indices to lead.  Except for an "interim China trade deal", which is very unlikely anytime soon, I see no catalyst to push indices higher. There are no shortage of catalysts, however, that could push indices significantly lower.

Current Long-Term Portfolio (2019)
Past Long-Term Portfolios (2018-2008)

twitter
opader@gmail.com

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.

Next Big Move, Up Or Down, Needs A Catalyst

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday Sep 6, 2019
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

SGS advanced last week and pushed higher in LONG territory.

Support and resistance levels for SPX for this week are shown above. 

My Plan

I'm still sitting in cash and watching indices.  It seems to me that indices are longing for a catalyst to take a big leg down.  Maybe this one.

Current Long-Term Portfolio (2019)
Past Long-Term Portfolios (2018-2008)

twitter
opader@gmail.com

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 Sep 6, 2019
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

SGS advanced last week and its value closed at +96 as of the close of Friday. SGS changed its status from NEUTRAL to LONG. 

Support and resistance levels for SPX for this week are shown above. 

My Plan

I closed my SDS positions on Wednesday and Thursday last week.  My plan to wait to see if SPX can reach a new all-time high.  At that point I would consider opening new long positions.

Current Long-Term Portfolio (2019)
Past Long-Term Portfolios (2018-2008)

twitter
opader@gmail.com

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.

Resistance For SPY Continues To Hold

SGS  Market Timer Status:  NEUTRAL 
NEUTRAL as of the close of Friday Aug 23, 2019
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

Since its low of early August, SPY has challenged its 50 D-SMA four times, as shown by green arrows on the chart above, but failed to close above it.  For SPY, its 61.8% Fibonacci retracement level coincides with its 50 D-SMA.  Unless SPY manages to trade above its 50 D-SMA and above 294.50 early this week, changes are good that it sells off to test its recent lows in 285 to 282 range.

SGS advanced last week and as the close of Friday remains NEUTRAL.

Support and resistance levels for SPX for this week are shown above. 

My Plan

I'm long (2/3) in SDS. I'm watching SPY, a close above its 50 D-SMA and 61.8% retracement level (294.5) would be my stop-loss trigger.  Should SPY sells off and takes out its recent lows, I would open my third and final long position in SDS.

Current Long-Term Portfolio (2019)
Past Long-Term Portfolios (2018-2008)

twitter
opader@gmail.com

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.