Sunday, May 1, 2022

Selling Continues

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 (4/29), the value of SGS was calculated to be -1033 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), chances are good that SPX continues to sell off. 


My Plan

With SGS being SHORT, I put 35% of my cash into SDS last Wednesday.  My plan is to add to my SDS position sometime this week.



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.