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:
ZM, ALGN, TSLA, FDX, MELI, GM, and DOCU
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.
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