Sunday, November 27, 2022

SGS Market Timer Is Neutral

SGS  Market Timer Status:  NEUTRAL 
NEUTRAL as of the close of Friday November 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 (11/25), the value of SGS was calculated to be -5 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 this Friday.




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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.  

Sunday, November 20, 2022

SPX Is On A Razor Edge

SGS  Market Timer Status:  SHORT 
SHORT as of the close of Friday November 4, 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 (11/18), the value of SGS was calculated to be -111 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.  SPX is on a razor edge and could tilt substantially higher or lower.  A breach of ASL would signal more selling to test TUL and SPX 3500.  A beach of ARL would signal further advance to test PDL-1 around SPX 4100 and 61.8% Fib. retracement around SPX 4300.


My Plan

I am 95% in cash and planning to wait to see what SPX does 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

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.  

Sunday, November 13, 2022

Rally Continues

SGS  Market Timer Status:  SHORT 
SHORT as of the close of Friday November 4, 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 (11/11), the value of SGS was calculated to be -60 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.  At this point there is a good chance that SPX rallies this week to test PDL-1.


My Plan

I am 95% in cash (I have 5% in crypto unfortunately) and planning to wait to see what SPX does 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

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. 

Saturday, November 5, 2022

SGS Market Timer Is SHORT Again

SGS  Market Timer Status:  SHORT 
SHORT as of the close of Friday November 4, 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 (11/4), the value of SGS was calculated to be -401 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.  If the mid-term election ends up in another shit-show, then there would be a good chance that SPX sells off to test its October lows.  A weekly close below 3500 (50% Fib) would signal a test of SPX 3200 (61.8% Fib).


My Plan

I am 95% in cash and planning to wait to see if SPX closes below 3500 sometime this week before opening new short positions via SDS. 




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.