Sunday, August 29, 2021

SGS Market Timer Is LONG

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday August 27, 2021
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

Indices are heading higher.

SGS Market Timer

As of the close of last Friday (8/27), the value of SGS was calculated to be +401 and 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 the change of status for SGS from SHORT to LONG, I opened new long positions last week.  On Tuesday, I bought MRNA and IWM, on Wednesday, I bought SPY, ADBE, and NVDA, on Thursday, I bought QQQ and INTU, and on Friday, I bought INSP.


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.