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
SGS declined last week and finished below 400 "Overbought" level.
Support and resistance levels for SPX for this week are shown above. Last week SPX successfully tested its W-DTL.
Last Monday morning sgs-st turned from neutral to short. I opened one SPXU long position (33.3% of total capital). On Friday sgs-st almost triggered an oversold condition which would have turned its status from short to neutral. I expect that to happen at 10 AM on Monday.
Current Long-Term Portfolio
Past Long-Term Portfolios
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
The two week sell-off due to the Trump's impeachment trial and the coronaviurs very likely came to an end last Friday as major indices successfully tested strong supports. The rally that started late Friday afternoon very likely continues as major indices advance to challenge their all-time highs sometime later this week or next.
My Plan
Last Monday morning sgs-st turned from neutral to short. I opened one SPXU long position (33.3% of total capital). On Friday sgs-st almost triggered an oversold condition which would have turned its status from short to neutral. I expect that to happen at 10 AM on Monday.
Current Long-Term Portfolio
Past Long-Term Portfolios
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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