Sunday, October 22, 2023

Introducing SGS-ST

SGS Market Timer Status:  SHORT 
SHORT  as of the close of Friday Sep 22, 2023
Previous SGS Status

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

SGS-ST is a Short-Term market timer that uses past hourly data of SPX and NDX to predict SPX and NDX price action for the next day:

 Green Day  ---> SPX and NDX very likely close higher than their open
 Red Day  ---> SPX and NDX very likely close lower than their open
 Neutral Day  ---> Inconclusive 

The system buys SPXL and TQQQ (equal dollar amount) at the open on green days and sells them at close.  On red days, the system buys SPXS and SQQQ (again in equal dollar amount) and sells them at close.  There is no trade on neutral days.

SGS-ST performance and its trades are shown on SGS-ST Performance Google Sheet.  This page is also updated once a prediction for the next day is available (around 5 PM PST).

SGS Market Timer

As of the close of last Friday (10/20), the value of SGS was calculated to be -599.  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.  There is a good chance that selling since late July has run its course.  SPX 4200-4100 is still in play and should SPX trades there on a panic, it would be an excellent buying opportunity.  

My Plan

No change, I'm in cash (except for two small crypto positions) and planning to wait until SGS status changes from SHORT to NEUTRAL before considering open 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.