Sunday, April 24, 2022

Short-term, Indices Are Oversold

SGS  Market Timer Status:  SHORT 
SHORT as of the close of Friday April 8, 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 (4/22), the value of SGS was calculated to be --1180 and the status of SGS remains SHORT. 


S&P 500 Support And Resistance Levels

Support and resistance levels for SPX for this week are shown above.  Indices are over-sold short-term (hours to days) and there is a good chance that we see a sizable bounce early this week.  Medium-term (days to weeks), I have no idea where things are heading as emotional choppiness continues.  Longer-term (weeks to months), a buying opportunity is coming up soon.


My Plan

With SGS being SHORT, my plan is to stay in cash.



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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. 

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Sunday, April 17, 2022

Selling Is Very Likely Done This Week

SGS  Market Timer Status:  SHORT 
SHORT as of the close of Friday April 8, 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 Thursday (4/14), the value of SGS was calculated to be -382 and the status of SGS remains SHORT. 


S&P 500 Support And Resistance Levels

Support and resistance levels for SPX for this week are shown above.  There is a good chance that SPX sell early this week and find a bottom or the bottom around 4350-4330.


My Plan

SGS changed its status to SHORT last Friday and the value SGS decreased everyday last week.  I closed my long position on Monday last week.  My plan is to stay in cash.



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opader@gmail.com


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. 

on

Sunday, April 10, 2022

SGS Market Timer Is SHORT

SGS  Market Timer Status:  SHORT 
SHORT as of the close of Friday April 8, 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 (4/8), the value of SGS was calculated to be -343 and the status of SGS changed from NEUTRAL to SHORT. 


S&P 500 Support And Resistance Levels



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


My Plan

Last Wednesday I expected SGS to go LONG by Friday last week.  I put in 35% of my cash into SPY.  I'm planning to stay with that position for now.



twitter
opader@gmail.com


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. 

on

Sunday, April 3, 2022

SGS Market Timer Is NEUTRAL

SGS  Market Timer Status:  NEUTRAL 
NEUTRAL as of the close of Friday April 1, 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 (4/1), the value of SGS was calculated to be -37 and the status of SGS changed from SHORT to NEUTRAL. 


S&P 500 Support And Resistance Levels


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


My Plan

Last Wednesday I expected SGS to go LONG by Friday last week.  I put in 35% of my cash into SPY.  I'm planning to stay with that position for now.



twitter
opader@gmail.com


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.    

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