Sunday, January 3, 2021

Still No Change, SGS Market Timer Is NEUTRAL

SGS  Market Timer Status:  NEUTRAL 
NEUTRAL (overbought) as of the close of Friday Nov 27, 2020
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


SGS Market Timer

As of the close of last Thursday (12/31), the value of SGS was calculated to be +511.  That is higher than +500, signaling indices are very likely overbought.  The status of SGS remains NEUTRAL (overbought).


S&P 500 Support And Resistance Levels

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


My Plan

No change, for now my plan is to stay in cash  for now.  Let's see what happens with the runoffs in Georgia on Tuesday and what happens in DC on Wednesday.

Happy New Year



twitter
opader@gmail.com



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.