Sunday, July 30, 2023

Without Trump GOP Would Be Crushed In 2024

SGS Market Timer Status:  LONG 
LONG as of the close of Friday July 14, 2023
Previous SGS Status

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

In 2024, if  Trump is not the Republican's presidential nominee, Republicans would be demolished in the election.  Not only they would lose the White House, but they would also lose the House and the Senate.  The reason is that if Trump is  not at the top of the Republican ticket, his loyal supporters (MAGA, about 20% to 30% of the Republican vote) would not bother to come out to vote.  With 20% to 30% of Republican vote being a no-show on the election day, Republicans would lose and lose bigly.

SGS Market Timer

As of the close of last Friday (7/28), the value of SGS was calculated to be +152.  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.  At this point chances are good that SPX reaches a new all-time high in the next few weeks.  Once SPX reaches a new all-time higher, then it would very likely fly to SPX 5000 on the back of short-covering and FOMO.

My Plan

My plan to add to my long positions early this week.  Planning to add additional 5% to SMH and another 5% to QQQ.


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