Sunday, November 22, 2020

Cementing "Trump Won, Dems Cheated"

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday Nov 6, 2020
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

On January 20, 2021, Biden will be the next POTUS.   What Trump is doing now, after losing the election, is not any different from what he has done throughout his life.  He is repeating a lie again and again until it's cemented as the truth in the minds of many.  That has been and will continue to be Trump's MO. 

Indices will continue to slowly grind higher until senate seat runoffs in Georgia are decided on January 5.  If Dems manage to win both seats (very likely, imo), then indices would explode higher in anticipation of mother of all fiscal stimuli by Biden and Dems.

SGS Market Timer

As of the close of last Friday (11/20), the value of SGS was calculated to be +324.  The status of SGS remains LONG.

S&P 500 Support And Resistance Levels

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

My Plan

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.