SGS Market Timer Status: LONG
LONG as of the close of Friday March 3, 2023
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
SGS Performance Data
Why Market Timing Is A Must
Last week indices rallied despite rising interest rates across the entire debt spectrum. That is bullish and signals that higher interest rates are "baked-in" now, and more importantly, the Fed is limited as to how far they could possibly raise short-term rates. Currently the market estimates that limit ("terminal rate") to be around 5.5% and that is also baked into equity markets.
SGS Market Timer
As of the close of last Friday (3/3), the value of SGS was calculated to be +82. The status of SGS changed from SHORT to LONG.
S&P 500 Support And Resistance Levels
My Plan
I kept my long positions and planning to put my remaining cash into SMH sometime this week.
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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
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.