Sunday, March 27, 2022

SGS Market Timer Is SHORT

SGS  Market Timer Status:  SHORT 
SHORT as of the close of Friday March 25, 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 (3/25), the value of SGS was calculated to be -138 and the status of SGS changed from NEUTRAL to SHORT.  That is a disappointing number for bulls.  It indicates that indices are pushed higher via big caps while the broader market having a hard time catching up.  I think there is a good chance that we see a small sell-off next week before heading higher. 


S&P 500 Support And Resistance Levels

Support and resistance levels for SPX for this week are shown above.


My Plan

The value of SGS didn't go above +50 last week.  I am 95% in cash and watching from the sideline.



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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.