Sunday, November 8, 2020

Rally Continues As Uncertainty Is Lifted

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


Now that the 2020 election is over and Biden will be the new POTUS on January 20, 20201, indices very likely continue their rally to new all-time highs.


SGS Market Timer

As of the close of last Friday (11/6), the value of SGS was calculated to be +360.  The status of SGS changed from SHORT to LONG.


S&P 500 Support And Resistance Levels

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


My Plan

Anticipating SGS change of status from SHORT to LONG, per my plan, on Thursday I opened new long positions in seven stocks. I am 100% in.



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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.
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