Sunday, September 19, 2021

Bull Run Very Likely Resumes This Week

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

There is an excellent chance that the recent selling is done and indices resume their advance higher because fundamentally nothing has changed.  The Fed's put is very much in and continues to be in for the foreseeable future.  The recent selling, for the most part, has been done by passive investors following seasonality.  They expect September and October to be bad months for stocks as they expected last May was time to "sell and go away".  Indices also declined for a couple of weeks back in early May this year.

SGS Market Timer

As of the close of last Friday (9/17), the value of SGS was calculated to be +51 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

No change, 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.