Sunday, August 13, 2023

Changes To SGS Market Timer

SGS Market Timer Status:  NEUTRAL 
NEUTRAL as of the close of Friday August 11, 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

The correlation of SGS with SPY for the last four years is shown above.  Based on those results, going forward, the following changes are made for determining the status of SGS:

SGS status is LONG when SGS greater than zero
SGS status is SHORT when SGS less than -200
SGS status is NEUTRAL when SGS is less than zero but greater than -200

As of the close of last Friday (8/11), the value of SGS was calculated to be -57.  The status of SGS changed from LONG to NEUTRAL

S&P 500 Support And Resistance Levels

Support and resistance levels for SPX for this week are shown above.  The uptrend for SPX on its chart (ASL) is still intact.  If that line is breached and SPX closes below it this Friday, then one must consider the likelihood of further selling and possibly a retest of 3808 or even 3491 lows.

My Plan

No change since last week, I'm watching price charts and if recent highs are breached, my plan is to bring my remaining cash (10%) in and buy 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.