SGS Market Timer Status: LONG
LONG as of the close of Friday Oct 25, 2019
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
Support and resistance levels for SPX for this are shown above.
I'm still long in SPXL. Indices will grind higher as trade uncertainties are lifted and the Fed's new QE money comes into equity markets. Dips are buying opportunities.
Current Long-Term Portfolio (2019)
Past Long-Term Portfolios (2018-2008)
LONG as of the close of Friday Oct 25, 2019
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
When it comes to negotiating a trade agreement between the US and China, Trump is no match for Xi. Trump continuously breaks the most important rule of negotiating. He talks (via twitter) too much and undermines his own team at every turn. Trump is desperate for anything that he could call "the best deal ever" while Xi could drag the negotiations on for another year or more. In any negotiation, the desperate side folds and accepts whatever is offered.
Chances are good that "Phase 1" agreement gets signed soon. That would be a clear signal to financial markets that the US/China trade relationship is on its way back to the status quo that existed prior to the Trump Administration. That is bullish.
SGS advanced this week, confirming new all-time highs for major indices.
Chances are good that "Phase 1" agreement gets signed soon. That would be a clear signal to financial markets that the US/China trade relationship is on its way back to the status quo that existed prior to the Trump Administration. That is bullish.
My Plan
I'm still long in SPXL. Indices will grind higher as trade uncertainties are lifted and the Fed's new QE money comes into equity markets. Dips are buying opportunities.
Current Long-Term Portfolio (2019)
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
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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