Sunday, January 15, 2023

Recession While Full Employment?

SGS Market Timer Status:  LONG 
LONG as of the close of Friday January 6, 2023 
Previous SGS Status

SGS is a Long-Term (weeks to months) Timer
SGS Performance Data (New)
Why Market Timing Is A Must

The top five world's economies, US, China, Japan, Germany, and UK are experiencing "full employment" mostly due to aging population.  A recession while full employment is unlikely.

SGS Market Timer

As of the close of last Friday (1/13), the value of SGS was calculated to be +194.  The status of SGS remains LONG.

S&P 500 Support And Resistance Levels

Support and resistance levels for SPX for this week are shown above.  A weekly close above PDL-1 this week would signal a high likelihood of more buying ahead and continuation of the rally.

My Plan

Per my plan, last Monday I closed my SDS position and opened a new long position in SSO.  I also opened a new long position in IYM last Wednesday and a new long position in IWM last Friday.  I'm planning to wait for a weekly close above PDL-1 before opening more new long positions.


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.