SGS Market Timer Is Neutral

SGS  Market Timer Status:  NEUTRAL 
NEUTRAL as of the close of Friday October 28, 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 (10/28), the value of SGS was calculated to be -49 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.  There is a good chance at this point for SPX to continue to rally to test its PDL-1.

My Plan

I am 95% in cash and planning to wait to see if the status of SGS changes on Friday.

Current Long-Term Portfolio

Past Long-Term Portfolios

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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

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.  

No Change In Macro Picture, Still Very Bearish

SGS  Market Timer Status:  SHORT 
SHORT as of the close of Friday August 19, 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 (10/21), the value of SGS was calculated to be -805 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 no change in the macro picture, the Fed raising rates, QT on at $95 Billion per month, and inflation raging.  Should SPX breaches its critical support at 3500, a move to 3200 is likely in the next few weeks.

My Plan

Should SPX close below 3500, my plan is to open new SDS positions. 

Current Long-Term Portfolio

Past Long-Term Portfolios

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

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.  

SPX 3500 Is A Critical Support

SGS  Market Timer Status:  SHORT 
SHORT as of the close of Friday August 19, 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 (10/14), the value of SGS was calculated to be -853 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.  Should SPX breaches its critical support at 3500, a move to 3200 is likely in the next few weeks.

My Plan

Per my plan, I closed my remaining SDS position as SPX dipped below 3500 last Thursday.  Should SPX close below 3500, my plan is to open new SDS positions. 

Current Long-Term Portfolio

Past Long-Term Portfolios

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

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.  

Another Run At SPX 3500 Is Likely This Week

SGS  Market Timer Status:  SHORT 
SHORT as of the close of Friday August 19, 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 (10/7), the value of SGS was calculated to be --585 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.  Again, there is a good chance that SPX gives up between 50% to 60% of its gain from its Covid low (2191) to its ATH (4818).  That puts SPX somewhere between 3500 (another 4% loss from Friday close) to 3200 (another 12% loss from Friday close) when this correction is done.

This week I expect SPX to test 3500.  There is a good chance that we see a sizable counter-trend rally back to ARL around 3800-3900 before selling resumes again.

My Plan

I closed 50% of my SDS position last Friday.   My plan is to close my remaining SDS position if and when SPX reaches 3500.  SDS should be trading around 56.65 if that happens. 

Current Long-Term Portfolio

Past Long-Term Portfolios

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

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. 

SPX 3500 Is Very Likely Tested This Week

SGS  Market Timer Status:  SHORT 
SHORT as of the close of Friday August 19, 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 (9/30), the value of SGS was calculated to be -1127 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.  Again, there is a good chance that SPX gives up between 50% to 60% of its gain from its Covid low (2191) to its ATH (4818).  That puts SPX somewhere between 3500 (another 2.4% loss from Friday close) to 3200 (another 11% loss from Friday close) when this correction is done.

This week I expect SPX to test 3500.  There is a good chance that we see a sizable counter-trend rally back to ARL around 3800-3900 before selling resumes again.

My Plan

I plan is to close my SDS positions if and when SPX reaches 3500.  SDS should be trading around 56.65 if that happens. 

Current Long-Term Portfolio

Past Long-Term Portfolios

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

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.