Sunday, November 15, 2020

A New Fiscal Stimulus In 2020?

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

As the number of Covid-19 cases and deaths mounts, there is a chance that a fiscal stimulus package is passed by Congress and signed by Trump sometime before the end of the year.  In that case, indices would surely rally into the new year.  Without any stimulus, there is a good chance that indices go sideways and correct in time until January 5 when Georgia senate seats are decided.

SGS Market Timer

As of the close of last Friday (11/13), the value of SGS was calculated to be +183.  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.  

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.