A New SPX All-Time High Is Likely

SGS Market Timer Status:  LONG 
LONG  as of the close of Friday May 3, 2024
Previous SGS Status

SGS is a Long-Term (weeks to months) Timer
SGS & SGS-ST Performance Data 

SGS Market Timer

As of the close of last Friday (5/10), the value of SGS was calculated to be +170 and the status of SGS remains LONG.

S&P 500 Support And Resistance Levels

The support and resistance levels for the current week in the SPX are shown above. Last week, the SPX breached its PDL-2 and appears poised to climb higher, aiming to challenge its PDL-1, all-time high and possibly surpass them.

My Plan

Per my plan, I moved in 30% of my cash into SPY, QQQ, and SMH (10% each) on Friday. If SPX surpasses its all-time high (very likely), I am planning to add to those long positions.

Current Long-Term Portfolio

Past Long-Term Portfolios

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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. 

SGS Market Timer Is LONG

SGS Market Timer Status:  LONG 
LONG  as of the close of Friday May 3, 2024
Previous SGS Status

SGS is a Long-Term (weeks to months) Timer
SGS & SGS-ST Performance Data 

SGS Market Timer

As of the close of last Friday (5/3), the value of SGS was calculated to be +16 and the status of SGS changed from NEUTRAL to LONG.

S&P 500 Support And Resistance Levels

The support and resistance levels for the current week in the SPX are shown above. Last week, the SPX breached its PDL-2 and appears poised to climb higher, aiming to challenge its all-time high and possibly surpass it.

My Plan

With SGS being long and SPX trading above its PDL-2, my plan is to open new long positions in SPY and QQQ sometime this week.

Current Long-Term Portfolio

Past Long-Term Portfolios

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.