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.
Per my plan, I closed my long positions in SPXL. My plan is to open new positions sometime early in January 2020.
Season's Greetings & Happy New Year
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
Indices are overbought but they could remain overbought or become even more overbought as the Fed's new QE money ($60 Billion/Month) continues to flow into equities.
SGS advanced this week, confirming new all-time highs for major indices.
My Plan
Per my plan, I closed my long positions in SPXL. My plan is to open new positions sometime early in January 2020.
Season's Greetings & Happy New Year
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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