Sunday, June 13, 2021

Bulls Party On

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday Mar 5, 2021
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

The flooding of the economy with printed money in the US and around the world will continue indefinitely until we see a persistent selling of bonds and a significant rise in yields. Short of that, the rise in equity markets continues with no end in sight.

I am watching the yield for 10 year treasury ($TNX), shown above.  If the yield crosses 2% and establishes an uptrend toward 3%, then we could see a sizable (10% to 20%) correction in equities.  For now, bulls party on and so do I.

SGS Market Timer

As of the close of last Friday (6/11), the value of SGS was calculated to be +471 and 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

SGS is LONG and my plan is to stay with my long positions.


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.