Sunday, November 24, 2024

Indices Look Good But

SGS Market Timer Status:  LONG 
LONG as of the close of Friday August 16, 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 (11/22), the value of SGS was calculated to be +162 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. The fluff surrounding Trump's election victory came off completely. Indices look good but bigger players are not putting more money to work. There is something out there that scares them. Maybe a wider war in the Middle East, maybe a big sell off in the bond market.
My Plan

Last Wednesday, I put 25% of cash to work on and bought XLF (10%), SPY (10%), BCT (5%), and last Thursday I added to XLF (10%) and SPY (10%) positions. Going forward, I am going to continue to add to my long positions.


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.  

on