Monday, May 30, 2022

SGS Market Timer Is NEUTRAL

SGS  Market Timer Status:  NEUTRAL 
NEUTRAL as of the close of Friday May 27, 2022
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

From the LOD on Friday May 20 to the HOD last Friday, SPX rallied 10% on the back short-covering and dip-buying.   Last week's rally was impressive but bear market counter-trend rallies are usually impressive.  For example, SPX rallied 24% in three trading days (Fri 10/10/2008 LOD to Tue 10/14/2008 HOD) in the middle of 2008 crash.

SGS Market Timer

As of the close of last Friday (5/27), the value of SGS was calculated to be -22 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

My plan is close my SDS positions sometime this week.


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.