Sunday, February 13, 2022

No Change Since Last Week

SGS  Market Timer Status:  SHORT 
SHORT as of the close of Friday January 7, 2022
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 Friday (2/11), the value of SGS was calculated to be -733 and the status of SGS remains SHORT.  Improvement in the value of SGS since SPX 4222 low signals a high likelihood of continuation of the recent rally.

S&P 500 Support And Resistance Levels

Support and resistance levels for SPX for this week are shown above.  The price improvement since SPX 4222 low, confirmed by various indicators including SGS, signals a high likelihood of continuation of the rally to a new all-time high and beyond. 

My Plan

Last week I opened in a new long position in IWM on Wednesday and a new position in SPY on Friday in anticipation of SGS changing its status from SHORT to NEUTRAL or LONG on Friday.  That didn't not happen but there is a good chance that would happen next Friday.


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.