Sunday, October 24, 2021

Indices Look Good

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday October 15, 2021
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

Generally speaking, earnings reports have been solid and stocks of companies with good reports have gone up.  That is bullish and signals higher prices for major indices between now and end of this year.  Sometime next month, the Fed is to announce their "taper" plan.  There is a good chance that the Fed announces a super dovish plan which could push indices higher in a strong Christmas rally.

SGS Market Timer

As of the close of last Friday (10/22), the value of SGS was calculated to be +300 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

Per my plan, I opened new long positions in QQQ and SPY last Thursday.  I am now 100% in.


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.