Sunday, February 28, 2021

Uptrend Is In Jeopardy

SGS  Market Timer Status:  NEUTRAL 
NEUTRAL as of the close of Friday Feb 26, 2021
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


 
As shown on the SPX daily chart above, SPX is about to break its uptrend line that has shouldered its rally since March 23, 2020.  Other major indices have either broken their uptrend lines or about to do so.  A breach of those lines signals that the rally since March lows is over and indices very likely are to retrace their gains lower.

At this point, before heading lower, there is a good chance that SPX retraces back around 50% of its recent decline and possibly test its PDL-1 around 3900.


SGS Market Timer

As of the close of last Friday (2/26), the value of SGS was calculated to be -32 and the status of SGS changed from  LONG to NEUTRAL.


S&P 500 Support And Resistance Levels

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


My Plan

Per my plan, last week I closed one of long positions in GBTC.  Now that SGS has changed to NEUTRAL, my plan is to close all long positions sometime early next week as indices retrace back their recent losses.


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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.  

Sunday, February 21, 2021

Indices Look Good

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday Jan 15, 2021
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


SGS Market Timer

As of the close of last Friday (2/19), the value of SGS was calculated to be +331 and the status of SGS remains LONG.


S&P 500 Support And Resistance Levels

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


My Plan

I am staying with my current long portfolio.  I am thinking about reducing my GBTC position from 10% to around 3.5% sometime this week.


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. 

Sunday, February 14, 2021

Rally Continues, Dips Are Buying Opportunities

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday Jan 15, 2021
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


SGS Market Timer

As of the close of last Friday (2/12), the value of SGS was calculated to be +471 and the status of SGS remains LONG.


S&P 500 Support And Resistance Levels

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


My Plan
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. 

Sunday, February 7, 2021

Simply Put, BTFD

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday Jan 15, 2021
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


SGS Market Timer

As of the close of last Friday (2/5), the value of SGS was calculated to be +411 and the status of SGS remains LONG.


S&P 500 Support And Resistance Levels

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

Sunday, January 31, 2021

Sell-off Is A Buying Opportunity

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday Jan 15, 2021
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


SGS Market Timer

As of the close of last Friday (1/29), the value of SGS was calculated to be +147 and the status of SGS remains LONG.


S&P 500 Support And Resistance Levels

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

Sunday, January 24, 2021

Rally Continues

 SGS  Market Timer Status:  LONG 

LONG as of the close of Friday Jan 15, 2021
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


SGS Market Timer

As of the close of last Friday (1/15), the value of SGS was calculated to be +404 and the status of SGS remains LONG.


S&P 500 Support And Resistance Levels


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


My Plan

SGS is long and my plan to stay long with my positions and look for opportunities to put my remaining cash to work.



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. 

Monday, January 18, 2021

SGS Market Timer Is LONG

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday Jan 15, 2021
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


SGS Market Timer

As of the close of last Friday (1/15), the value of SGS was calculated to be +383 and the status of SGS changed from NEUTRAL (overbought) to LONG.


S&P 500 Support And Resistance Levels

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


My Plan

Per my plan I put 1/3 of my cash to work on Tuesday and another 1/3 on Friday last week.  I opened long positions (equal dollar amount) in the following stocks and ETF's:

AMAT, COF, DD, GM, MS, QCOM, TGT, QQQ, IWM, and GBTC



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.   

Sunday, January 10, 2021

Time To Put Some Money To Work

SGS  Market Timer Status:  NEUTRAL 
NEUTRAL (overbought) as of the close of Friday Nov 27, 2020
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


SGS Market Timer

As of the close of last Friday (1/8), the value of SGS was calculated to be +1071.  That is higher than +500, signaling indices are very likely overbought.  The status of SGS remains NEUTRAL (overbought).


S&P 500 Support And Resistance Levels

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


My Plan

My plan is to put 1/3 of my cash to work sometime this week.  I am looking for a sell-off and planning to buy the following 10 stocks and ETF's (equal $):

IWM, QQQ, GBTC, COF, ALGN, DD, TGT, AMAT, QCOM, and MS



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.  

Sunday, January 3, 2021

Still No Change, SGS Market Timer Is NEUTRAL

SGS  Market Timer Status:  NEUTRAL 
NEUTRAL (overbought) as of the close of Friday Nov 27, 2020
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


SGS Market Timer

As of the close of last Thursday (12/31), the value of SGS was calculated to be +511.  That is higher than +500, signaling indices are very likely overbought.  The status of SGS remains NEUTRAL (overbought).


S&P 500 Support And Resistance Levels

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


My Plan

No change, for now my plan is to stay in cash  for now.  Let's see what happens with the runoffs in Georgia on Tuesday and what happens in DC on Wednesday.

Happy New Year



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. 

Sunday, December 27, 2020

No Change, SGS Timer Is Still NEUTRAL

SGS  Market Timer Status:  NEUTRAL 
NEUTRAL (overbought) as of the close of Friday Nov 27, 2020
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


SGS Market Timer

As of the close of last Thursday (12/24), the value of SGS was calculated to be +504.  That is higher than +500, signaling indices are very likely overbought.  The status of SGS remains NEUTRAL (overbought).


S&P 500 Support And Resistance Levels

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


My Plan

No change, for now my plan is to stay in cash  for now.  

Merry Christmas & Happy New Year



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. 

Sunday, December 20, 2020

Indices Are Still Overbought

SGS  Market Timer Status:  NEUTRAL 
NEUTRAL (overbought) as of the close of Friday Nov 27, 2020
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


SGS Market Timer

As of the close of last Friday (12/18), the value of SGS was calculated to be +849.  That is higher than +500, signaling indices are very likely overbought.  The status of SGS remains NEUTRAL (overbought).


S&P 500 Support And Resistance Levels

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


My Plan

No change, for now my plan is to stay in cash.



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.  

Sunday, December 13, 2020

Indices Continue To Remain Overbought

SGS  Market Timer Status:  NEUTRAL 
NEUTRAL (overbought) as of the close of Friday Nov 27, 2020
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


SGS Market Timer

As of the close of last Friday (12/11), the value of SGS was calculated to be +502.  That is higher than +500, signaling indices are very likely overbought.  The status of SGS remains NEUTRAL (overbought).


S&P 500 Support And Resistance Levels

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


My Plan
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. 

Sunday, December 6, 2020

Indices Remain Overbought

SGS  Market Timer Status:  NEUTRAL 
NEUTRAL (overbought) as of the close of Friday Nov 27, 2020
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


SGS Market Timer

As of the close of last Friday (12/4), the value of SGS was calculated to be +892.  That is higher than +500, signaling indices are very likely overbought.  The status of SGS remains NEUTRAL (overbought).


S&P 500 Support And Resistance Levels

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


My Plan

Per plan I closed all my long positions last Tuesday.  For now my plan is to stay in cash.



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.