Sunday, May 28, 2023

SGS Market Timer Is Short

SGS Market Timer Status:  SHORT 
SHORT as of the close of Friday May 26, 2023
Previous SGS Status

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

 
SGS Market Timer

As of the close of last Friday (5/26), the value of SGS was calculated to be -111.  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.


My Plan

No change, I'm 95% in cash and my plan is to stay in cash for now. Cash is earning around 4% at Fidelity.




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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
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.  

Sunday, May 21, 2023

SGS Market Timer Is Neutral

SGS Market Timer Status:  NEUTRAL 
NEUTRAL as of the close of Friday May 19, 2023 
Previous SGS Status

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

 
SGS Market Timer

As of the close of last Friday (5/19), the value of SGS was calculated to be -14.  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.


My Plan

No change, I'm 95% in cash and my plan is to stay in cash for now. Cash is earning around 4% at Fidelity.




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.   

Sunday, May 7, 2023

Recession Ahead?

SGS Market Timer Status:  SHORT 
SHORT as of the close of Thursday April 6, 2023 
Previous SGS Status

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


What worries financial markets is not inflation or high interest rates, it is whether or not there is a recession ahead.  A good predictor of a recession is continued selling of small cap. stocks. 

If Russell 2000, on its weekly chart shown above, sells off and breaches its support (red), there is a good chance that the economy is either in a recession or enters into a recession soon.  A rally and a close above the resistance line (green) in the next  couple of weeks would indicate that the chance of a recession is slim.

 
SGS Market Timer

As of the close of last Friday (5/5), the value of SGS was calculated to be -251.  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.


My Plan

No change, I'm 95% in cash and my plan is to stay in cash for now. Cash is earning around 4% at Fidelity.




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.