Sunday, April 14, 2024

Geopolitics & Forecasts (Part 2)

SGS Market Timer Status:  NEUTRAL 
NEUTRAL  as of the close of Friday April 12, 2024
Previous SGS Status

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

SGS Market Timer

As of the close of last Friday (4/12), the value of SGS was calculated to be -15 and the status of SGS changed from LONG to NEUTRAL.

S&P 500 Support And Resistance Levels

The SPX's support and resistance levels for the current week are displayed above. There's a notable chance of Israel intensifying its involvement in the Middle East conflict, potentially leading to a several-day sell-off of a few percentage points. Furthermore, if companies' earnings reports and forecasts fall short of market expectations, indices might correct an additional 5% to 10% from their closing values last Friday.

My Plan

No change since last week, I'm 95% in cash and collecting around 5% in interest.  I have no plan to open any new long or short 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.