Sunday, December 22, 2019

Indices Are Overbought

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

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.

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

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
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.