Sunday, October 25, 2020

It's "Deal"

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday Oct 9, 2020
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

Trump privately told donors that it would be "very tough" for GOP to hold the Senate.  If  what the Washington Post reporting is true, then my guess is that GOP and Trump have very likely reached a deal.

SGS Market Timer

As of close of last Friday, the value of SGS remained unchanged at +105.  The status of SGS remains LONG.

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

My Plan

There is a good chance that we see a sell-off ahead of the election sometime this week.  My plan is to put 1/2 of my cash to work and buy the following seven stocks:



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.