tag:blogger.com,1999:blog-83988967835929423132024-03-17T08:04:35.773-07:00..... Balance Trading .....Trading For A Living ...................... My Notebookopaderhttp://www.blogger.com/profile/00254449349458297954noreply@blogger.comBlogger1088125tag:blogger.com,1999:blog-8398896783592942313.post-56916362965352216472024-03-17T07:32:00.000-07:002024-03-17T08:04:01.692-07:00Major Indices Are At Critical Supports<p><b style="font-family: inherit;"><span><span style="background-color: white; color: #333333;">SGS Market Timer Status: </span><span style="line-height: 19.5px;"><span style="background-color: black;"><span style="color: #fcff01;"> </span><span style="color: #04ff00;">LONG</span></span><span><span><span><span style="color: #04ff00;"><span><span><span><span><span><span style="background-color: black;"> </span><span style="background-color: black;"><br /></span></span></span></span></span></span></span></span></span></span></span></span></b><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2024/01/sgs-market-timer-is-long.html" target="_blank"><b style="color: #333333;">LONG as of the close of Friday Jan 26</b><b style="color: #333333;">, 2024</b></a><br /></span></i><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2024/01/sgs-market-timer-is-neutral.html" target="_blank"><span style="color: #333333;"><b>Previous</b></span><span style="color: #333333;"><b> SGS Status</b></span></a></span></i></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><span><span><a href="http://www.balancetrading.org/2020/02/answers-to-frequently-asked-questions.html" style="color: blue; font-style: italic; font-weight: bold;" target="_blank">SGS</a><span><b style="color: #333333; font-style: italic;"> is a Long-Term (weeks to months) Timer</b><br /><a href="https://docs.google.com/spreadsheets/d/1ACdi99Z5T8jhcwnaU2uv_DiSU_ytYkcv/edit#gid=1087907588" style="color: #333333; font-style: italic;" target="_blank"><b>SGS & SGS-ST </b><b>Performance</b><b> Data</b></a><i style="color: #333333;"> </i><br /></span></span></span><b><b style="color: #333333;"><i><a href="http://www.balancetrading.org/2017/10/why-market-timing-is-must.html" target="_blank">Why Market Timing Is A Must</a></i></b></b></span></span></p><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><u style="color: #333333; font-family: inherit; font-style: italic; font-weight: bold; text-align: justify;">SGS Market Timer</u></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div class="separator" style="clear: both; text-align: left;"><span style="font-family: inherit;"><br />As of the close of last Friday (3/15), the value of SGS was calculated to be +160 and the status of SGS remains LONG.</span></div></span></span></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div style="text-align: left;"><br /></div></span></span></div></div><div><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: 700; text-align: justify;"><u>S&P 500 Support And Resistance Levels</u></span></div><div><div><div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhCw45WC30adWw3fmyCvMdprGH9V10lW4a2s3A8FwEE3ItNYchwvVLohTUxwq2MSW4n2KmLyXvagneZ78-8ENbkx5HeNip5vfV57QfZ7j55KQWDgZLhxqWxZgKn-N6t4m7c96ZSQ1Kst7EGIsQKy1I_5i3sKavjFvbThXf51MGY83acVoG42lPtB5gium29/s1916/20240315%20W-SPX.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="1916" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhCw45WC30adWw3fmyCvMdprGH9V10lW4a2s3A8FwEE3ItNYchwvVLohTUxwq2MSW4n2KmLyXvagneZ78-8ENbkx5HeNip5vfV57QfZ7j55KQWDgZLhxqWxZgKn-N6t4m7c96ZSQ1Kst7EGIsQKy1I_5i3sKavjFvbThXf51MGY83acVoG42lPtB5gium29/w400-h193/20240315%20W-SPX.png" width="400" /></a></div>Support and resistance levels for SPX for this week are shown above. All three major indices (SPX, NDX, and RUT) are at critical support levels on their weekly charts. More selling this week would signal a high likelihood of a change in the trend and possibly more selling ahead. <br /><br /></span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u>My Plan</u></i></span></b></div></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u><br /></u></i></span></b></div><div><div style="text-align: justify;"><span style="font-family: inherit;"><span style="text-align: left;"><div style="color: #1d2129; text-align: justify;"><span style="background-color: white; font-family: inherit;">I'm watching SPX, NDX, and RUT on their weekly charts. If uptrend lines on those charts are breached this week and SGS continues to put in lower values, my plan is to close all long positions (except Crypto).</span></div><div style="color: #1d2129; text-align: justify;"><br /></div></span></span></div><div><span style="font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=0" style="color: blue;" target="_blank"><b>Current Long-Term Portfolio</b></a></span></div><div><span style="background-color: white; color: blue; font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=1" target="_blank"><b>Past Long-Term Portfolios</b></a></span></div><div><br /></div></div></div><div><div style="color: #333333;"><span style="font-family: inherit;"><i style="background-color: #e0e0e0;"><span style="background-color: white;"><a href="http://twitter.com/balancetrading" style="color: blue;" target="_blank">twitter</a><br />opader@gmail.com<br /></span></i><br /></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>SPX</b>: S&P 500 Index <b>SMA</b>: Simple Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJI</b>: Dow Jones Industrial Index <b>EMA</b>: Exponential Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJT</b>: Dow Jones Transportation Index <b>PDL</b>: Primary Downtrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>NAZ</b>: NASDAQ Composite Index <b>PUL</b>: Primary Uptrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>RUT</b>: Russell 2000 Index <b>ASL</b>: Active Support Line</i></span><br /><span style="font-size: xx-small;"><i><b>OEX</b>: S&P 100 Index <b>ARL</b>: Active Resistance Line</i></span><br /><span style="font-size: xx-small;"><i><b>NDX</b>: NASDAQ 100 Index <b>DTL</b>: Dynamic Trend Line </i></span><span style="font-size: xx-small;"><i> <b> </b></i></span><br /><span style="font-size: xx-small;"><i><b>TUL</b>: Tentative Uptrend Line<b> TDL</b></i></span><span style="font-size: xx-small;"><i>: Tentative Downtrend Line</i></span></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>TLR</b>: Trend Line Resistance<b> TLS</b></i></span><span style="font-size: xx-small;"><i>: Trend Line Support</i></span></span></div></div></div><div><span style="font-family: inherit;"><br /></span></div><p><b style="color: #333333; font-family: inherit; font-size: 13px;"><span style="font-size: xx-small;"><i>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.</i></span></b> </p>opaderhttp://www.blogger.com/profile/00254449349458297954noreply@blogger.comtag:blogger.com,1999:blog-8398896783592942313.post-16346339793928283692024-03-11T06:16:00.000-07:002024-03-16T07:11:05.023-07:00Rally Since Last November Is Intact<p><b style="font-family: inherit;"><span><span style="background-color: white; color: #333333;">SGS Market Timer Status: </span><span style="line-height: 19.5px;"><span style="background-color: black;"><span style="color: #fcff01;"> </span><span style="color: #04ff00;">LONG</span></span><span><span><span><span style="color: #04ff00;"><span><span><span><span><span><span style="background-color: black;"> </span><span style="background-color: black;"><br /></span></span></span></span></span></span></span></span></span></span></span></span></b><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2024/01/sgs-market-timer-is-long.html" target="_blank"><b style="color: #333333;">LONG as of the close of Friday Jan 26</b><b style="color: #333333;">, 2024</b></a><br /></span></i><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2024/01/sgs-market-timer-is-neutral.html" target="_blank"><span style="color: #333333;"><b>Previous</b></span><span style="color: #333333;"><b> SGS Status</b></span></a></span></i></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><span><span><a href="http://www.balancetrading.org/2020/02/answers-to-frequently-asked-questions.html" style="color: blue; font-style: italic; font-weight: bold;" target="_blank">SGS</a><span><b style="color: #333333; font-style: italic;"> is a Long-Term (weeks to months) Timer</b><br /><a href="https://docs.google.com/spreadsheets/d/1ACdi99Z5T8jhcwnaU2uv_DiSU_ytYkcv/edit#gid=1087907588" style="color: #333333; font-style: italic;" target="_blank"><b>SGS & SGS-ST </b><b>Performance</b><b> Data</b></a><i style="color: #333333;"> </i><br /></span></span></span><b><b style="color: #333333;"><i><a href="http://www.balancetrading.org/2017/10/why-market-timing-is-must.html" target="_blank">Why Market Timing Is A Must</a></i></b></b></span></span></p><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><u style="color: #333333; font-family: inherit; font-style: italic; font-weight: bold; text-align: justify;">SGS Market Timer</u></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div class="separator" style="clear: both; text-align: left;"><span style="font-family: inherit;"><br />As of the close of last Friday (3/8), the value of SGS was calculated to be +402 and the status of SGS remains LONG.</span></div></span></span></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div style="text-align: left;"><br /></div></span></span></div></div><div><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: 700; text-align: justify;"><u>S&P 500 Support And Resistance Levels</u></span></div><div><div><div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4-0EhxO0ljvX44zkKtfLCDaLPUyL80ztE10cb1F-XBqF6M11SvEDniu08aiBy9DJq9KG-8IJ0noiFyUpbXIonYbgw9JMVFwMM69LRZfW32OHFUyPwyWXT-tsvAFpfFjmUOpFbrXpp__O7zY_3ik2DThxQK2kQcAaq1zp49bmgQ4hxAdxVbXkOpghpPNrd/s1916/20240301%20W-SPX.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="1916" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4-0EhxO0ljvX44zkKtfLCDaLPUyL80ztE10cb1F-XBqF6M11SvEDniu08aiBy9DJq9KG-8IJ0noiFyUpbXIonYbgw9JMVFwMM69LRZfW32OHFUyPwyWXT-tsvAFpfFjmUOpFbrXpp__O7zY_3ik2DThxQK2kQcAaq1zp49bmgQ4hxAdxVbXkOpghpPNrd/w400-h193/20240301%20W-SPX.png" width="400" /></a></div>Support and resistance levels for SPX for this week are shown above. <br /><br /></span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u>My Plan</u></i></span></b></div></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u><br /></u></i></span></b></div><div><div style="text-align: justify;"><span style="font-family: inherit;"><span style="text-align: left;"><div style="color: #1d2129; text-align: justify;"><span style="background-color: white; font-family: inherit;"><a href="https://twitter.com/balancetrading/status/1766110878305546246" target="_blank">I bought COST last week with 7% of my long-term money</a>. My plan is to stay invested and add to my long positions if there is a significant sell-off.</span></div><div style="color: #1d2129; text-align: justify;"><br /></div></span></span></div><div><span style="font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=0" style="color: blue;" target="_blank"><b>Current Long-Term Portfolio</b></a></span></div><div><span style="background-color: white; color: blue; font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=1" target="_blank"><b>Past Long-Term Portfolios</b></a></span></div><div><br /></div></div></div><div><div style="color: #333333;"><span style="font-family: inherit;"><i style="background-color: #e0e0e0;"><span style="background-color: white;"><a href="http://twitter.com/balancetrading" style="color: blue;" target="_blank">twitter</a><br />opader@gmail.com<br /></span></i><br /></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>SPX</b>: S&P 500 Index <b>SMA</b>: Simple Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJI</b>: Dow Jones Industrial Index <b>EMA</b>: Exponential Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJT</b>: Dow Jones Transportation Index <b>PDL</b>: Primary Downtrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>NAZ</b>: NASDAQ Composite Index <b>PUL</b>: Primary Uptrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>RUT</b>: Russell 2000 Index <b>ASL</b>: Active Support Line</i></span><br /><span style="font-size: xx-small;"><i><b>OEX</b>: S&P 100 Index <b>ARL</b>: Active Resistance Line</i></span><br /><span style="font-size: xx-small;"><i><b>NDX</b>: NASDAQ 100 Index <b>DTL</b>: Dynamic Trend Line </i></span><span style="font-size: xx-small;"><i> <b> </b></i></span><br /><span style="font-size: xx-small;"><i><b>TUL</b>: Tentative Uptrend Line<b> TDL</b></i></span><span style="font-size: xx-small;"><i>: Tentative Downtrend Line</i></span></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>TLR</b>: Trend Line Resistance<b> TLS</b></i></span><span style="font-size: xx-small;"><i>: Trend Line Support</i></span></span></div></div></div><div><span style="font-family: inherit;"><br /></span></div><p><b style="color: #333333; font-family: inherit; font-size: 13px;"><span style="font-size: xx-small;"><i>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.</i></span></b> </p>opaderhttp://www.blogger.com/profile/00254449349458297954noreply@blogger.comtag:blogger.com,1999:blog-8398896783592942313.post-11515576614778859542024-03-03T06:13:00.000-08:002024-03-03T06:13:21.228-08:00No Change, Rally Continues<p><b style="font-family: inherit;"><span><span style="background-color: white; color: #333333;">SGS Market Timer Status: </span><span style="line-height: 19.5px;"><span style="background-color: black;"><span style="color: #fcff01;"> </span><span style="color: #04ff00;">LONG</span></span><span><span><span><span style="color: #04ff00;"><span><span><span><span><span style="background-color: black;"> </span><span style="background-color: black;"><br /></span></span></span></span></span></span></span></span></span></span></span></b><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2024/01/sgs-market-timer-is-long.html" target="_blank"><b style="color: #333333;">LONG as of the close of Friday Jan 26</b><b style="color: #333333;">, 2024</b></a><br /></span></i><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2024/01/sgs-market-timer-is-neutral.html" target="_blank"><span style="color: #333333;"><b>Previous</b></span><span style="color: #333333;"><b> SGS Status</b></span></a></span></i></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><span><span><a href="http://www.balancetrading.org/2020/02/answers-to-frequently-asked-questions.html" style="color: blue; font-style: italic; font-weight: bold;" target="_blank">SGS</a><span><b style="color: #333333; font-style: italic;"> is a Long-Term (weeks to months) Timer</b><br /><a href="https://docs.google.com/spreadsheets/d/1ACdi99Z5T8jhcwnaU2uv_DiSU_ytYkcv/edit#gid=1087907588" style="color: #333333; font-style: italic;" target="_blank"><b>SGS & SGS-ST </b><b>Performance</b><b> Data</b></a><i style="color: #333333;"> </i><br /></span></span></span><b><b style="color: #333333;"><i><a href="http://www.balancetrading.org/2017/10/why-market-timing-is-must.html" target="_blank">Why Market Timing Is A Must</a></i></b></b></span></span></p><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><u style="color: #333333; font-family: inherit; font-style: italic; font-weight: bold; text-align: justify;">SGS Market Timer</u></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div class="separator" style="clear: both; text-align: left;"><span style="font-family: inherit;"><br />As of the close of last Friday (3/1), the value of SGS was calculated to be +340 and the status of SGS remains LONG.</span></div></span></span></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div style="text-align: left;"><br /></div></span></span></div></div><div><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: 700; text-align: justify;"><u>S&P 500 Support And Resistance Levels</u></span></div><div><div><div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4-0EhxO0ljvX44zkKtfLCDaLPUyL80ztE10cb1F-XBqF6M11SvEDniu08aiBy9DJq9KG-8IJ0noiFyUpbXIonYbgw9JMVFwMM69LRZfW32OHFUyPwyWXT-tsvAFpfFjmUOpFbrXpp__O7zY_3ik2DThxQK2kQcAaq1zp49bmgQ4hxAdxVbXkOpghpPNrd/s1916/20240301%20W-SPX.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="1916" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4-0EhxO0ljvX44zkKtfLCDaLPUyL80ztE10cb1F-XBqF6M11SvEDniu08aiBy9DJq9KG-8IJ0noiFyUpbXIonYbgw9JMVFwMM69LRZfW32OHFUyPwyWXT-tsvAFpfFjmUOpFbrXpp__O7zY_3ik2DThxQK2kQcAaq1zp49bmgQ4hxAdxVbXkOpghpPNrd/w400-h193/20240301%20W-SPX.png" width="400" /></a></div>Support and resistance levels for SPX for this week are shown above. With major indices putting in new all-time highs, the rally since late November very likely continues.<br /><br /></span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u>My Plan</u></i></span></b></div></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u><br /></u></i></span></b></div><div><div style="text-align: justify;"><span style="font-family: inherit;"><span style="text-align: left;"><div style="color: #1d2129; text-align: justify;"><span style="background-color: white; font-family: inherit;">No change since last week, my plan is to stay invested and add to my long positions if there is a significant sell-off.</span></div><div style="color: #1d2129; text-align: justify;"><br /></div></span></span></div><div><span style="font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=0" style="color: blue;" target="_blank"><b>Current Long-Term Portfolio</b></a></span></div><div><span style="background-color: white; color: blue; font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=1" target="_blank"><b>Past Long-Term Portfolios</b></a></span></div><div><br /></div></div></div><div><div style="color: #333333;"><span style="font-family: inherit;"><i style="background-color: #e0e0e0;"><span style="background-color: white;"><a href="http://twitter.com/balancetrading" style="color: blue;" target="_blank">twitter</a><br />opader@gmail.com<br /></span></i><br /></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>SPX</b>: S&P 500 Index <b>SMA</b>: Simple Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJI</b>: Dow Jones Industrial Index <b>EMA</b>: Exponential Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJT</b>: Dow Jones Transportation Index <b>PDL</b>: Primary Downtrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>NAZ</b>: NASDAQ Composite Index <b>PUL</b>: Primary Uptrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>RUT</b>: Russell 2000 Index <b>ASL</b>: Active Support Line</i></span><br /><span style="font-size: xx-small;"><i><b>OEX</b>: S&P 100 Index <b>ARL</b>: Active Resistance Line</i></span><br /><span style="font-size: xx-small;"><i><b>NDX</b>: NASDAQ 100 Index <b>DTL</b>: Dynamic Trend Line </i></span><span style="font-size: xx-small;"><i> <b> </b></i></span><br /><span style="font-size: xx-small;"><i><b>TUL</b>: Tentative Uptrend Line<b> TDL</b></i></span><span style="font-size: xx-small;"><i>: Tentative Downtrend Line</i></span></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>TLR</b>: Trend Line Resistance<b> TLS</b></i></span><span style="font-size: xx-small;"><i>: Trend Line Support</i></span></span></div></div></div><div><span style="font-family: inherit;"><br /></span></div><p><b style="color: #333333; font-family: inherit; font-size: 13px;"><span style="font-size: xx-small;"><i>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.</i></span></b> </p>opaderhttp://www.blogger.com/profile/00254449349458297954noreply@blogger.comtag:blogger.com,1999:blog-8398896783592942313.post-25622508286462367302024-02-25T21:31:00.000-08:002024-02-25T21:31:20.760-08:00Rally Very Likely Continues<p><b style="font-family: inherit;"><span><span style="background-color: white; color: #333333;">SGS Market Timer Status: </span><span style="line-height: 19.5px;"><span style="background-color: black;"><span style="color: #fcff01;"> </span><span style="color: #04ff00;">LONG</span></span><span><span><span><span style="color: #04ff00;"><span><span><span><span><span style="background-color: black;"> </span><span style="background-color: black;"><br /></span></span></span></span></span></span></span></span></span></span></span></b><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2024/01/sgs-market-timer-is-long.html" target="_blank"><b style="color: #333333;">LONG as of the close of Friday Jan 26</b><b style="color: #333333;">, 2024</b></a><br /></span></i><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2024/01/sgs-market-timer-is-neutral.html" target="_blank"><span style="color: #333333;"><b>Previous</b></span><span style="color: #333333;"><b> SGS Status</b></span></a></span></i></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><span><span><a href="http://www.balancetrading.org/2020/02/answers-to-frequently-asked-questions.html" style="color: blue; font-style: italic; font-weight: bold;" target="_blank">SGS</a><span><b style="color: #333333; font-style: italic;"> is a Long-Term (weeks to months) Timer</b><br /><a href="https://docs.google.com/spreadsheets/d/1ACdi99Z5T8jhcwnaU2uv_DiSU_ytYkcv/edit#gid=1087907588" style="color: #333333; font-style: italic;" target="_blank"><b>SGS & SGS-ST </b><b>Performance</b><b> Data</b></a><i style="color: #333333;"> </i><br /></span></span></span><b><b style="color: #333333;"><i><a href="http://www.balancetrading.org/2017/10/why-market-timing-is-must.html" target="_blank">Why Market Timing Is A Must</a></i></b></b></span></span></p><div class="separator" style="clear: both;"><span style="color: #333333;"><br /></span></div><div class="separator" style="clear: both;"><span style="color: #333333;"><br /></span></div><div class="separator" style="clear: both;"><u style="color: #333333; font-family: inherit; font-style: italic; font-weight: bold; text-align: justify;">SGS Market Timer</u></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div class="separator" style="clear: both; text-align: left;"><br /></div></span></span></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div style="text-align: left;">As of the close of last Friday (2/23), the value of SGS was calculated to be +231 and the status of SGS remains LONG.</div><div style="text-align: left;"><br /></div></span></span></div></div><div><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: 700; text-align: justify;"><u>S&P 500 Support And Resistance Levels</u></span></div><div><div><div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEguO1-NkaEV-Vxbk_CNVkeGihujQSZjbJcRLLwEc8Tc3dO1kxC80t2e5ylffGhlIJJrlZvF4GS5a1IfQgZ9l8U4Vj0nEtnuOmbyDtjL7eDsEM9KgnuQedbUPsQSsamnU0a-ZC0oMmLSJlCUEia5QoQ6Pb4M5cVeDORmFOiEKrZecO3NWyuq6Nh5_rqIX4JO/s1916/20240223%20W-SPX.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="1916" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEguO1-NkaEV-Vxbk_CNVkeGihujQSZjbJcRLLwEc8Tc3dO1kxC80t2e5ylffGhlIJJrlZvF4GS5a1IfQgZ9l8U4Vj0nEtnuOmbyDtjL7eDsEM9KgnuQedbUPsQSsamnU0a-ZC0oMmLSJlCUEia5QoQ6Pb4M5cVeDORmFOiEKrZecO3NWyuq6Nh5_rqIX4JO/w400-h193/20240223%20W-SPX.png" width="400" /></a></div>Support and resistance levels for SPX for this week are shown above. With major indices putting in new all-time highs, the rally since late November very likely continues.<br /><br /></span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u>My Plan</u></i></span></b></div></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u><br /></u></i></span></b></div><div><div style="text-align: justify;"><span style="font-family: inherit;"><span style="text-align: left;"><div style="color: #1d2129; text-align: justify;"><span style="background-color: white; font-family: inherit;">No change since last week, my plan is to stay invested and add to my long positions if there is a significant sell-off.</span></div><div style="color: #1d2129; text-align: justify;"><br /></div></span></span></div><div><span style="font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=0" style="color: blue;" target="_blank"><b>Current Long-Term Portfolio</b></a></span></div><div><span style="background-color: white; color: blue; font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=1" target="_blank"><b>Past Long-Term Portfolios</b></a></span></div><div><br /></div></div></div><div><div style="color: #333333;"><span style="font-family: inherit;"><i style="background-color: #e0e0e0;"><span style="background-color: white;"><a href="http://twitter.com/balancetrading" style="color: blue;" target="_blank">twitter</a><br />opader@gmail.com<br /></span></i><br /></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>SPX</b>: S&P 500 Index <b>SMA</b>: Simple Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJI</b>: Dow Jones Industrial Index <b>EMA</b>: Exponential Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJT</b>: Dow Jones Transportation Index <b>PDL</b>: Primary Downtrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>NAZ</b>: NASDAQ Composite Index <b>PUL</b>: Primary Uptrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>RUT</b>: Russell 2000 Index <b>ASL</b>: Active Support Line</i></span><br /><span style="font-size: xx-small;"><i><b>OEX</b>: S&P 100 Index <b>ARL</b>: Active Resistance Line</i></span><br /><span style="font-size: xx-small;"><i><b>NDX</b>: NASDAQ 100 Index <b>DTL</b>: Dynamic Trend Line </i></span><span style="font-size: xx-small;"><i> <b> </b></i></span><br /><span style="font-size: xx-small;"><i><b>TUL</b>: Tentative Uptrend Line<b> TDL</b></i></span><span style="font-size: xx-small;"><i>: Tentative Downtrend Line</i></span></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>TLR</b>: Trend Line Resistance<b> TLS</b></i></span><span style="font-size: xx-small;"><i>: Trend Line Support</i></span></span></div></div></div><div><span style="font-family: inherit;"><br /></span></div><p><b style="color: #333333; font-family: inherit; font-size: 13px;"><span style="font-size: xx-small;"><i>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.</i></span></b> </p>opaderhttp://www.blogger.com/profile/00254449349458297954noreply@blogger.comtag:blogger.com,1999:blog-8398896783592942313.post-48706589448317749452024-02-19T20:24:00.000-08:002024-02-19T20:24:38.268-08:00The Uptrend Is Intact<p><b style="font-family: inherit;"><span><span style="background-color: white; color: #333333;">SGS Market Timer Status: </span><span style="line-height: 19.5px;"><span style="background-color: black;"><span style="color: #fcff01;"> </span><span style="color: #04ff00;">LONG</span></span><span><span><span><span style="color: #04ff00;"><span><span><span><span><span style="background-color: black;"> </span><span style="background-color: black;"><br /></span></span></span></span></span></span></span></span></span></span></span></b><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2024/01/sgs-market-timer-is-long.html" target="_blank"><b style="color: #333333;">LONG as of the close of Friday Jan 26</b><b style="color: #333333;">, 2024</b></a><br /></span></i><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2024/01/sgs-market-timer-is-neutral.html" target="_blank"><span style="color: #333333;"><b>Previous</b></span><span style="color: #333333;"><b> SGS Status</b></span></a></span></i></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><span><span><a href="http://www.balancetrading.org/2020/02/answers-to-frequently-asked-questions.html" style="color: blue; font-style: italic; font-weight: bold;" target="_blank">SGS</a><span><b style="color: #333333; font-style: italic;"> is a Long-Term (weeks to months) Timer</b><br /><a href="https://docs.google.com/spreadsheets/d/1ACdi99Z5T8jhcwnaU2uv_DiSU_ytYkcv/edit#gid=1087907588" style="color: #333333; font-style: italic;" target="_blank"><b>SGS & SGS-ST </b><b>Performance</b><b> Data</b></a><i style="color: #333333;"> </i><br /></span></span></span><b><b style="color: #333333;"><i><a href="http://www.balancetrading.org/2017/10/why-market-timing-is-must.html" target="_blank">Why Market Timing Is A Must</a></i></b></b></span></span></p><div class="separator" style="clear: both;"><span style="color: #333333;"><br /></span></div><div class="separator" style="clear: both;"><span style="color: #333333;"><br /></span></div><div class="separator" style="clear: both;"><u style="color: #333333; font-family: inherit; font-style: italic; font-weight: bold; text-align: justify;">SGS Market Timer</u></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div class="separator" style="clear: both; text-align: left;"><br /></div></span></span></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div style="text-align: left;">As of the close of last Friday (2/16), the value of SGS was calculated to be +243 and the status of SGS remains LONG.</div><div style="text-align: left;"><br /></div></span></span></div></div><div><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: 700; text-align: justify;"><u>S&P 500 Support And Resistance Levels</u></span></div><div><div><div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj06CRJe9SPPosa0542tktb9-kRHKtVY-mpdVMu71vXZGC8EPtEyhXb1Xb-pbkVoocTc84b_GEKor1fFEbybuMio0NM9WjlrhZPxHROqh32KCC0c08z4ozGvVK1rRPS3x09bqlJ4yVaVaVwhicKWXRPHEatoj_74D9K_mrD9EVu4w4FvhruQR4JZSIU83O0/s1916/20240216%20W-SPX.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="1916" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj06CRJe9SPPosa0542tktb9-kRHKtVY-mpdVMu71vXZGC8EPtEyhXb1Xb-pbkVoocTc84b_GEKor1fFEbybuMio0NM9WjlrhZPxHROqh32KCC0c08z4ozGvVK1rRPS3x09bqlJ4yVaVaVwhicKWXRPHEatoj_74D9K_mrD9EVu4w4FvhruQR4JZSIU83O0/w400-h193/20240216%20W-SPX.png" width="400" /></a></div>Support and resistance levels for SPX for this week are shown above. The uptrend is intact.<br /><br /></span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u>My Plan</u></i></span></b></div></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u><br /></u></i></span></b></div><div><div style="text-align: justify;"><span style="font-family: inherit;"><span style="text-align: left;"><div style="color: #1d2129; text-align: justify;"><span style="background-color: white; font-family: inherit;">No change since last week, my plan is to stay invested and add to my long positions if there is a significant sell-off.</span></div><div style="color: #1d2129; text-align: justify;"><br /></div></span></span></div><div><span style="font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=0" style="color: blue;" target="_blank"><b>Current Long-Term Portfolio</b></a></span></div><div><span style="background-color: white; color: blue; font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=1" target="_blank"><b>Past Long-Term Portfolios</b></a></span></div><div><br /></div></div></div><div><div style="color: #333333;"><span style="font-family: inherit;"><i style="background-color: #e0e0e0;"><span style="background-color: white;"><a href="http://twitter.com/balancetrading" style="color: blue;" target="_blank">twitter</a><br />opader@gmail.com<br /></span></i><br /></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>SPX</b>: S&P 500 Index <b>SMA</b>: Simple Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJI</b>: Dow Jones Industrial Index <b>EMA</b>: Exponential Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJT</b>: Dow Jones Transportation Index <b>PDL</b>: Primary Downtrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>NAZ</b>: NASDAQ Composite Index <b>PUL</b>: Primary Uptrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>RUT</b>: Russell 2000 Index <b>ASL</b>: Active Support Line</i></span><br /><span style="font-size: xx-small;"><i><b>OEX</b>: S&P 100 Index <b>ARL</b>: Active Resistance Line</i></span><br /><span style="font-size: xx-small;"><i><b>NDX</b>: NASDAQ 100 Index <b>DTL</b>: Dynamic Trend Line </i></span><span style="font-size: xx-small;"><i> <b> </b></i></span><br /><span style="font-size: xx-small;"><i><b>TUL</b>: Tentative Uptrend Line<b> TDL</b></i></span><span style="font-size: xx-small;"><i>: Tentative Downtrend Line</i></span></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>TLR</b>: Trend Line Resistance<b> TLS</b></i></span><span style="font-size: xx-small;"><i>: Trend Line Support</i></span></span></div></div></div><div><span style="font-family: inherit;"><br /></span></div><p><b style="color: #333333; font-family: inherit; font-size: 13px;"><span style="font-size: xx-small;"><i>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.</i></span></b> </p>opaderhttp://www.blogger.com/profile/00254449349458297954noreply@blogger.comtag:blogger.com,1999:blog-8398896783592942313.post-58327838540221384152024-02-11T04:55:00.000-08:002024-02-11T04:57:04.730-08:00Indices Can Remain Overbought For A While, A Long While<p><b style="font-family: inherit;"><span><span style="background-color: white; color: #333333;">SGS Market Timer Status: </span><span style="line-height: 19.5px;"><span style="background-color: black;"><span style="color: #fcff01;"> </span><span style="color: #04ff00;">LONG</span></span><span><span><span><span style="color: #04ff00;"><span><span><span><span><span style="background-color: black;"> </span><span style="background-color: black;"><br /></span></span></span></span></span></span></span></span></span></span></span></b><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2024/01/sgs-market-timer-is-long.html" target="_blank"><b style="color: #333333;">LONG as of the close of Friday Jan 26</b><b style="color: #333333;">, 2024</b></a><br /></span></i><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2024/01/sgs-market-timer-is-neutral.html" target="_blank"><span style="color: #333333;"><b>Previous</b></span><span style="color: #333333;"><b> SGS Status</b></span></a></span></i></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><span><span><a href="http://www.balancetrading.org/2020/02/answers-to-frequently-asked-questions.html" style="color: blue; font-style: italic; font-weight: bold;" target="_blank">SGS</a><span><b style="color: #333333; font-style: italic;"> is a Long-Term (weeks to months) Timer</b><br /><a href="https://docs.google.com/spreadsheets/d/1ACdi99Z5T8jhcwnaU2uv_DiSU_ytYkcv/edit#gid=1087907588" style="color: #333333; font-style: italic;" target="_blank"><b>SGS & SGS-ST </b><b>Performance</b><b> Data</b></a><i style="color: #333333;"> </i><br /></span></span></span><b><b style="color: #333333;"><i><a href="http://www.balancetrading.org/2017/10/why-market-timing-is-must.html" target="_blank">Why Market Timing Is A Must</a></i></b></b></span></span></p><div class="separator" style="clear: both;"><span style="color: #333333;"><br /></span></div><div class="separator" style="clear: both;"><span style="color: #333333;"><br /></span></div><div class="separator" style="clear: both;"><u style="color: #333333; font-family: inherit; font-style: italic; font-weight: bold; text-align: justify;">SGS Market Timer</u></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div class="separator" style="clear: both; text-align: left;"><br /></div></span></span></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div style="text-align: left;">As of the close of last Friday (2/9), the value of SGS was calculated to be +188. The status of SGS remains LONG.</div><div style="text-align: left;"><br /></div></span></span></div></div><div><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: 700; text-align: justify;"><u>S&P 500 Support And Resistance Levels</u></span></div><div><div><div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8l0mO2QwmAnpQecEM8XMx1McrFrEQ3MWtxADVtRhpLSLeGZLoSWCexlSaHXFfu4sSV0C75UB1LWNQoMFhp7whvFCbAUkx143GXLtGPfD4muemwSPs_sxADSpj1B10Je45a_io9b4VHEJD1IsJgWXn38AMQB-nmij5kwc0idax8pInWwbuGwZoZ0KYn5Sk/s1916/20240209%20W-SPX.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="1916" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8l0mO2QwmAnpQecEM8XMx1McrFrEQ3MWtxADVtRhpLSLeGZLoSWCexlSaHXFfu4sSV0C75UB1LWNQoMFhp7whvFCbAUkx143GXLtGPfD4muemwSPs_sxADSpj1B10Je45a_io9b4VHEJD1IsJgWXn38AMQB-nmij5kwc0idax8pInWwbuGwZoZ0KYn5Sk/w400-h193/20240209%20W-SPX.png" width="400" /></a></div>Support and resistance levels for SPX for this week are shown above. Since late November 2023, SPX has rallied 25%. Short-term, indices are overbought but indices can remain overbought for a while, a long while.<br /><br /></span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u>My Plan</u></i></span></b></div></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u><br /></u></i></span></b></div><div><div style="text-align: justify;"><span style="font-family: inherit;"><span style="text-align: left;"><div style="color: #1d2129; text-align: justify;"><span style="background-color: white; font-family: inherit;">With SGS being LONG, my plan is to stay invested and add to my long positions if there is a significant sell-off.</span></div><div style="color: #1d2129; text-align: justify;"><br /></div></span></span></div><div><span style="font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=0" style="color: blue;" target="_blank"><b>Current Long-Term Portfolio</b></a></span></div><div><span style="background-color: white; color: blue; font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=1" target="_blank"><b>Past Long-Term Portfolios</b></a></span></div><div><br /></div></div></div><div><div style="color: #333333;"><span style="font-family: inherit;"><i style="background-color: #e0e0e0;"><span style="background-color: white;"><a href="http://twitter.com/balancetrading" style="color: blue;" target="_blank">twitter</a><br />opader@gmail.com<br /></span></i><br /></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>SPX</b>: S&P 500 Index <b>SMA</b>: Simple Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJI</b>: Dow Jones Industrial Index <b>EMA</b>: Exponential Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJT</b>: Dow Jones Transportation Index <b>PDL</b>: Primary Downtrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>NAZ</b>: NASDAQ Composite Index <b>PUL</b>: Primary Uptrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>RUT</b>: Russell 2000 Index <b>ASL</b>: Active Support Line</i></span><br /><span style="font-size: xx-small;"><i><b>OEX</b>: S&P 100 Index <b>ARL</b>: Active Resistance Line</i></span><br /><span style="font-size: xx-small;"><i><b>NDX</b>: NASDAQ 100 Index <b>DTL</b>: Dynamic Trend Line </i></span><span style="font-size: xx-small;"><i> <b> </b></i></span><br /><span style="font-size: xx-small;"><i><b>TUL</b>: Tentative Uptrend Line<b> TDL</b></i></span><span style="font-size: xx-small;"><i>: Tentative Downtrend Line</i></span></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>TLR</b>: Trend Line Resistance<b> TLS</b></i></span><span style="font-size: xx-small;"><i>: Trend Line Support</i></span></span></div></div></div><div><span style="font-family: inherit;"><br /></span></div><p><b style="color: #333333; font-family: inherit; font-size: 13px;"><span style="font-size: xx-small;"><i>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.</i></span></b> </p>opaderhttp://www.blogger.com/profile/00254449349458297954noreply@blogger.comtag:blogger.com,1999:blog-8398896783592942313.post-78838380142759504922024-02-04T05:24:00.000-08:002024-02-04T05:26:23.051-08:00Short-term, Indices Are Overbought<p><b style="font-family: inherit;"><span><span style="background-color: white; color: #333333;">SGS Market Timer Status: </span><span style="line-height: 19.5px;"><span style="background-color: black;"><span style="color: #fcff01;"> </span><span style="color: #04ff00;">LONG</span></span><span><span><span><span style="color: #04ff00;"><span><span><span><span><span style="background-color: black;"> </span><span style="background-color: black;"><br /></span></span></span></span></span></span></span></span></span></span></span></b><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2024/01/sgs-market-timer-is-long.html" target="_blank"><b style="color: #333333;">LONG as of the close of Friday Jan 26</b><b style="color: #333333;">, 2024</b></a><br /></span></i><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2024/01/sgs-market-timer-is-neutral.html" target="_blank"><span style="color: #333333;"><b>Previous</b></span><span style="color: #333333;"><b> SGS Status</b></span></a></span></i></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><span><span><a href="http://www.balancetrading.org/2020/02/answers-to-frequently-asked-questions.html" style="color: blue; font-style: italic; font-weight: bold;" target="_blank">SGS</a><span><b style="color: #333333; font-style: italic;"> is a Long-Term (weeks to months) Timer</b><br /><a href="https://docs.google.com/spreadsheets/d/1ACdi99Z5T8jhcwnaU2uv_DiSU_ytYkcv/edit#gid=1087907588" style="color: #333333; font-style: italic;" target="_blank"><b>SGS & SGS-ST </b><b>Performance</b><b> Data</b></a><i style="color: #333333;"> </i><br /></span></span></span><b><b style="color: #333333;"><i><a href="http://www.balancetrading.org/2017/10/why-market-timing-is-must.html" target="_blank">Why Market Timing Is A Must</a></i></b></b></span></span></p><div class="separator" style="clear: both;"><span style="color: #333333;"><br /></span></div><div class="separator" style="clear: both;"><u style="color: #333333; font-family: inherit; font-style: italic; font-weight: bold; text-align: justify;">SGS Market Timer</u></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div class="separator" style="clear: both; text-align: left;"><br /></div></span></span></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div style="text-align: left;">As of the close of last Friday (2/2), the value of SGS was calculated to be +137. The status of SGS remains LONG.</div><div style="text-align: left;"><br /></div></span></span></div></div><div><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: 700; text-align: justify;"><u>S&P 500 Support And Resistance Levels</u></span></div><div><div><div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNAjUeA3V18Zr9y60oZrHUUi-96D4S7QKnJO6__xMZcMmgJamnebQyVBXWVeJsryFZglFy1FY3pT5-YP_4TszA0n3avA_J863YvMduCMc2Mrv2QQKahWmZwr3La6hbK5VDETqc1pevu8_kkIoCJtyFn61PMxS4KP7DtTITFlL_hyvadad1rYA7dG2J0d2N/s1916/20240202%20W-SPX.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="1916" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNAjUeA3V18Zr9y60oZrHUUi-96D4S7QKnJO6__xMZcMmgJamnebQyVBXWVeJsryFZglFy1FY3pT5-YP_4TszA0n3avA_J863YvMduCMc2Mrv2QQKahWmZwr3La6hbK5VDETqc1pevu8_kkIoCJtyFn61PMxS4KP7DtTITFlL_hyvadad1rYA7dG2J0d2N/w400-h193/20240202%20W-SPX.png" width="400" /></a></div>Support and resistance levels for SPX for this week are shown above. Since late November 2023, SPX has rallied 21%. Short-term, indices are overbought and there is a good chance that SPX sells off this week to test supports.<br /><br /></span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u>My Plan</u></i></span></b></div></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u><br /></u></i></span></b></div><div><div style="text-align: justify;"><span style="font-family: inherit;"><span style="text-align: left;"><div style="color: #1d2129; text-align: justify;"><span style="background-color: white;"><a href="https://twitter.com/balancetrading/status/1752326715614101789" target="_blank">I bought SMH last Tuesday</a></span><span style="background-color: white; font-family: inherit;">.</span><span style="background-color: white; font-family: inherit;"> With SGS being LONG, my plan is to stay invested and add to my long positions if there is a significant sell-off.</span></div><div style="color: #1d2129; text-align: justify;"><br /></div></span></span></div><div><span style="font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=0" style="color: blue;" target="_blank"><b>Current Long-Term Portfolio</b></a></span></div><div><span style="background-color: white; color: blue; font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=1" target="_blank"><b>Past Long-Term Portfolios</b></a></span></div><div><br /></div></div></div><div><div style="color: #333333;"><span style="font-family: inherit;"><i style="background-color: #e0e0e0;"><span style="background-color: white;"><a href="http://twitter.com/balancetrading" style="color: blue;" target="_blank">twitter</a><br />opader@gmail.com<br /></span></i><br /></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>SPX</b>: S&P 500 Index <b>SMA</b>: Simple Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJI</b>: Dow Jones Industrial Index <b>EMA</b>: Exponential Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJT</b>: Dow Jones Transportation Index <b>PDL</b>: Primary Downtrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>NAZ</b>: NASDAQ Composite Index <b>PUL</b>: Primary Uptrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>RUT</b>: Russell 2000 Index <b>ASL</b>: Active Support Line</i></span><br /><span style="font-size: xx-small;"><i><b>OEX</b>: S&P 100 Index <b>ARL</b>: Active Resistance Line</i></span><br /><span style="font-size: xx-small;"><i><b>NDX</b>: NASDAQ 100 Index <b>DTL</b>: Dynamic Trend Line </i></span><span style="font-size: xx-small;"><i> <b> </b></i></span><br /><span style="font-size: xx-small;"><i><b>TUL</b>: Tentative Uptrend Line<b> TDL</b></i></span><span style="font-size: xx-small;"><i>: Tentative Downtrend Line</i></span></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>TLR</b>: Trend Line Resistance<b> TLS</b></i></span><span style="font-size: xx-small;"><i>: Trend Line Support</i></span></span></div></div></div><div><span style="font-family: inherit;"><br /></span></div><p><b style="color: #333333; font-family: inherit; font-size: 13px;"><span style="font-size: xx-small;"><i>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.</i></span></b> </p>opaderhttp://www.blogger.com/profile/00254449349458297954noreply@blogger.comtag:blogger.com,1999:blog-8398896783592942313.post-80670668852727222302024-01-28T05:47:00.000-08:002024-01-28T06:02:56.299-08:00SGS Market Timer Is LONG<p><b style="font-family: inherit;"><span><span style="background-color: white; color: #333333;">SGS Market Timer Status: </span><span style="line-height: 19.5px;"><span style="background-color: black;"><span style="color: #fcff01;"> </span><span style="color: #04ff00;">LONG</span></span><span><span><span><span style="color: #04ff00;"><span><span><span><span><span style="background-color: black;"> </span><span style="background-color: black;"><br /></span></span></span></span></span></span></span></span></span></span></span></b><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2024/01/sgs-market-timer-is-long.html" target="_blank"><b style="color: #333333;">LONG as of the close of Friday Jan 26</b><b style="color: #333333;">, 2024</b></a><br /></span></i><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2024/01/sgs-market-timer-is-neutral.html" target="_blank"><span style="color: #333333;"><b>Previous</b></span><span style="color: #333333;"><b> SGS Status</b></span></a></span></i></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><span><span><a href="http://www.balancetrading.org/2020/02/answers-to-frequently-asked-questions.html" style="color: blue; font-style: italic; font-weight: bold;" target="_blank">SGS</a><span><b style="color: #333333; font-style: italic;"> is a Long-Term (weeks to months) Timer</b><br /><a href="https://docs.google.com/spreadsheets/d/1ACdi99Z5T8jhcwnaU2uv_DiSU_ytYkcv/edit#gid=1087907588" style="color: #333333; font-style: italic;" target="_blank"><b>SGS & SGS-ST </b><b>Performance</b><b> Data</b></a><i style="color: #333333;"> </i><br /></span></span></span><b><b style="color: #333333;"><i><a href="http://www.balancetrading.org/2017/10/why-market-timing-is-must.html" target="_blank">Why Market Timing Is A Must</a></i></b></b></span></span></p><div class="separator" style="clear: both;"><span style="color: #333333;"><br /></span></div><div class="separator" style="clear: both;"><u style="color: #333333; font-family: inherit; font-style: italic; font-weight: bold; text-align: justify;">SGS Market Timer</u></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div class="separator" style="clear: both; text-align: left;"><br /></div></span></span></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div style="text-align: left;">As of the close of last Friday (1/26), the value of SGS was calculated to be +125. The status of SGS changed from NEUTRAL to LONG.</div><div style="text-align: left;"><br /></div></span></span></div></div><div><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: 700; text-align: justify;"><u>S&P 500 Support And Resistance Levels</u></span></div><div><div><div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiG509NOncd9wrm91DVg8n5YKBkWsaERKKSnayODDFEkEv0cKoXS8kFO1itvbBQy2MKcvmFuDxr92jOkX0PW3ynND8r8GpaMuRdo57QEmimHqbvoH4azoSRCIUgjbSzLjoud64x2F10fPyQzIz2AVGnvczXY87iKaCV0LDQIdG0N3mtnGtdfGG7ptfpdfo/s1916/20240126%20W-SPX.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="1916" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiG509NOncd9wrm91DVg8n5YKBkWsaERKKSnayODDFEkEv0cKoXS8kFO1itvbBQy2MKcvmFuDxr92jOkX0PW3ynND8r8GpaMuRdo57QEmimHqbvoH4azoSRCIUgjbSzLjoud64x2F10fPyQzIz2AVGnvczXY87iKaCV0LDQIdG0N3mtnGtdfGG7ptfpdfo/w400-h193/20240126%20W-SPX.png" width="400" /></a></div>Support and resistance levels for SPX for this week are shown above. Indices are overbought and there is a good chance that SPX sells off early this week to test supports.<br /><br /></span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u>My Plan</u></i></span></b></div></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u><br /></u></i></span></b></div><div><div style="text-align: justify;"><span style="font-family: inherit;"><span style="text-align: left;"><div style="color: #1d2129; text-align: justify;"><span style="background-color: white;">With SGS going from NEUTRAL to LONG, my plan is to buy SMH with half of my remaining cash sometime early this week. There is a good chance that SMH sells off to around 180. My plan is to buy SMH at 180.16 via GTC orders.</span></div><div style="color: #1d2129; text-align: justify;"><br /></div></span></span></div><div><span style="font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=0" style="color: blue;" target="_blank"><b>Current Long-Term Portfolio</b></a></span></div><div><span style="background-color: white; color: blue; font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=1" target="_blank"><b>Past Long-Term Portfolios</b></a></span></div><div><br /></div></div></div><div><div style="color: #333333;"><span style="font-family: inherit;"><i style="background-color: #e0e0e0;"><span style="background-color: white;"><a href="http://twitter.com/balancetrading" style="color: blue;" target="_blank">twitter</a><br />opader@gmail.com<br /></span></i><br /></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>SPX</b>: S&P 500 Index <b>SMA</b>: Simple Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJI</b>: Dow Jones Industrial Index <b>EMA</b>: Exponential Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJT</b>: Dow Jones Transportation Index <b>PDL</b>: Primary Downtrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>NAZ</b>: NASDAQ Composite Index <b>PUL</b>: Primary Uptrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>RUT</b>: Russell 2000 Index <b>ASL</b>: Active Support Line</i></span><br /><span style="font-size: xx-small;"><i><b>OEX</b>: S&P 100 Index <b>ARL</b>: Active Resistance Line</i></span><br /><span style="font-size: xx-small;"><i><b>NDX</b>: NASDAQ 100 Index <b>DTL</b>: Dynamic Trend Line </i></span><span style="font-size: xx-small;"><i> <b> </b></i></span><br /><span style="font-size: xx-small;"><i><b>TUL</b>: Tentative Uptrend Line<b> TDL</b></i></span><span style="font-size: xx-small;"><i>: Tentative Downtrend Line</i></span></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>TLR</b>: Trend Line Resistance<b> TLS</b></i></span><span style="font-size: xx-small;"><i>: Trend Line Support</i></span></span></div></div></div><div><span style="font-family: inherit;"><br /></span></div><p><b style="color: #333333; font-family: inherit; font-size: 13px;"><span style="font-size: xx-small;"><i>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.</i></span></b></p>opaderhttp://www.blogger.com/profile/00254449349458297954noreply@blogger.comtag:blogger.com,1999:blog-8398896783592942313.post-59368820771674436312024-01-21T10:10:00.000-08:002024-01-21T10:14:25.210-08:00SGS Market Timer Is NEUTRAL<p><b style="font-family: inherit;"><span><span style="background-color: white; color: #333333;">SGS Market Timer Status: </span><span style="line-height: 19.5px;"><span style="background-color: black;"><span style="color: #fcff01;"> NEUTRAL</span></span><span><span><span><span style="color: #04ff00;"><span><span><span><span><span style="background-color: black;"> </span><span style="background-color: black;"><br /></span></span></span></span></span></span></span></span></span></span></span></b><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2024/01/sgs-market-timer-is-neutral.html" target="_blank"><b style="color: #333333;">NEUTRAL as of the close of Friday Jan 19</b><b style="color: #333333;">, 2024</b></a><br /></span></i><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/11/sgs-market-timer-is-long.html" target="_blank"><span style="color: #333333;"><b>Previous</b></span><span style="color: #333333;"><b> SGS Status</b></span></a></span></i></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><span><span><a href="http://www.balancetrading.org/2020/02/answers-to-frequently-asked-questions.html" style="color: blue; font-style: italic; font-weight: bold;" target="_blank">SGS</a><span><b style="color: #333333; font-style: italic;"> is a Long-Term (weeks to months) Timer</b><br /><a href="https://docs.google.com/spreadsheets/d/1ACdi99Z5T8jhcwnaU2uv_DiSU_ytYkcv/edit#gid=1087907588" style="color: #333333; font-style: italic;" target="_blank"><b>SGS </b><b>Performance</b><b> Data</b></a><i style="color: #333333;"> </i><br /></span></span></span><b><b style="color: #333333;"><i><a href="http://www.balancetrading.org/2017/10/why-market-timing-is-must.html" target="_blank">Why Market Timing Is A Must</a></i></b></b></span></span></p><div class="separator" style="clear: both;"><span style="color: #333333;"><br /></span></div><div class="separator" style="clear: both;"><u style="color: #333333; font-family: inherit; font-style: italic; font-weight: bold; text-align: justify;">SGS Market Timer</u></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div class="separator" style="clear: both; text-align: left;"><br /></div></span></span></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div style="text-align: left;">As of the close of last Friday (1/19), the value of SGS was calculated to be -39. The status of SGS changed from LONG to NEUTRAL.</div><div style="text-align: left;"><br /></div></span></span></div></div><div><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: 700; text-align: justify;"><u>S&P 500 Support And Resistance Levels</u></span></div><div><div><div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUGexnWDufLRPDVlTPp8CmvvSZEcsE3IcndUMEdo13ghU19_bNGJPq23cnlWvW9CJGtv1MoSuQTS2qkrEHIBoBa1mfLCYTSWJ9bXbL4SWb40rcsJemlRhdv68s6lQc8D5MJZXwWx0xG7eKY8STTWXzvvLwSs37uVsO-ItPRNEhZdZAQ3mPKbENH_c8d8lj/s1916/20240119%20W-SPX.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="1916" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUGexnWDufLRPDVlTPp8CmvvSZEcsE3IcndUMEdo13ghU19_bNGJPq23cnlWvW9CJGtv1MoSuQTS2qkrEHIBoBa1mfLCYTSWJ9bXbL4SWb40rcsJemlRhdv68s6lQc8D5MJZXwWx0xG7eKY8STTWXzvvLwSs37uVsO-ItPRNEhZdZAQ3mPKbENH_c8d8lj/w400-h193/20240119%20W-SPX.png" width="400" /></a></div>Support and resistance levels for SPX for this week are shown above. <br /><br /></span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u>My Plan</u></i></span></b></div></div><div><div style="text-align: justify;"><span style="font-family: inherit;"><span style="text-align: left;"><div style="color: #1d2129;"><span style="background-color: white; text-align: justify;"><br /></span></div><div style="color: #1d2129; text-align: justify;"><span style="background-color: white;">With SGS going from LONG to NEUTRARL, I'm watching indices this week and planning to close my long position if the daily value of SGS does not improve.</span></div><div style="color: #1d2129; text-align: justify;"><br /></div></span></span></div><div><span style="font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=0" style="color: blue;" target="_blank"><b>Current Long-Term Portfolio</b></a></span></div><div><span style="background-color: white; color: blue; font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=1" target="_blank"><b>Past Long-Term Portfolios</b></a></span></div><div><br /></div></div></div><div><div style="color: #333333;"><span style="font-family: inherit;"><i style="background-color: #e0e0e0;"><span style="background-color: white;"><a href="http://twitter.com/balancetrading" style="color: blue;" target="_blank">twitter</a><br />opader@gmail.com<br /></span></i><br /></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>SPX</b>: S&P 500 Index <b>SMA</b>: Simple Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJI</b>: Dow Jones Industrial Index <b>EMA</b>: Exponential Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJT</b>: Dow Jones Transportation Index <b>PDL</b>: Primary Downtrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>NAZ</b>: NASDAQ Composite Index <b>PUL</b>: Primary Uptrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>RUT</b>: Russell 2000 Index <b>ASL</b>: Active Support Line</i></span><br /><span style="font-size: xx-small;"><i><b>OEX</b>: S&P 100 Index <b>ARL</b>: Active Resistance Line</i></span><br /><span style="font-size: xx-small;"><i><b>NDX</b>: NASDAQ 100 Index <b>DTL</b>: Dynamic Trend Line </i></span><span style="font-size: xx-small;"><i> <b> </b></i></span><br /><span style="font-size: xx-small;"><i><b>TUL</b>: Tentative Uptrend Line<b> TDL</b></i></span><span style="font-size: xx-small;"><i>: Tentative Downtrend Line</i></span></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>TLR</b>: Trend Line Resistance<b> TLS</b></i></span><span style="font-size: xx-small;"><i>: Trend Line Support</i></span></span></div></div></div><div><span style="font-family: inherit;"><br /></span></div><p><b style="color: #333333; font-family: inherit; font-size: 13px;"><span style="font-size: xx-small;"><i>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</i></span></b> </p>opaderhttp://www.blogger.com/profile/00254449349458297954noreply@blogger.comtag:blogger.com,1999:blog-8398896783592942313.post-29733664189770617942024-01-14T07:34:00.000-08:002024-01-14T07:34:05.088-08:00Rally Continues<p><b style="font-family: inherit;"><span><span style="background-color: white; color: #333333;">SGS Market Timer Status: </span><span style="line-height: 19.5px;"><span style="background-color: black;"><span style="color: #fcff01;"> </span><span style="color: #04ff00;">LONG</span></span><span><span><span><span style="color: #04ff00;"><span><span><span><span><span style="background-color: black;"> </span><span style="background-color: black;"><br /></span></span></span></span></span></span></span></span></span></span></span></b><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/11/sgs-market-timer-is-long.html" target="_blank"><b style="color: #333333;">LONG as of the close of Friday Nov 24</b><b style="color: #333333;">, 2023</b></a><br /></span></i><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/11/sgs-market-timer-is-neutral.html" target="_blank"><span style="color: #333333;"><b>Previous</b></span><span style="color: #333333;"><b> SGS Status</b></span></a></span></i></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><span><span><a href="http://www.balancetrading.org/2020/02/answers-to-frequently-asked-questions.html" style="color: blue; font-style: italic; font-weight: bold;" target="_blank">SGS</a><span><b style="color: #333333; font-style: italic;"> is a Long-Term (weeks to months) Timer</b><br /><a href="https://docs.google.com/spreadsheets/d/1JwiXJwQC4slIMeU4VjnfTsXEk8wKpwp7/edit#gid=1087907588" style="color: #333333; font-style: italic;" target="_blank"><b>SGS </b><b>Performance</b><b> Data</b></a><i style="color: #333333;"> </i><br /></span></span></span><b><b style="color: #333333;"><i><a href="http://www.balancetrading.org/2017/10/why-market-timing-is-must.html" target="_blank">Why Market Timing Is A Must</a></i></b></b></span></span></p><div class="separator" style="clear: both;"><span style="color: #333333;"><br /></span></div><div class="separator" style="clear: both;"><u style="color: #333333; font-family: inherit; font-style: italic; font-weight: bold; text-align: justify;">SGS Market Timer</u></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div class="separator" style="clear: both; text-align: left;"><br /></div></span></span></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div style="text-align: left;">As of the close of last Friday (1/12), the value of SGS was calculated to be +76. The status of SGS remains Long. </div><div style="text-align: left;"><br /></div></span></span></div></div><div><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: 700; text-align: justify;"><u>S&P 500 Support And Resistance Levels</u></span></div><div><div><div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPkohNK9LIr5F1Z8ahADvpnyMDcE_hRLZR8lpXY4W6vxtbhNpvTDMmdE0srWWdYLxZbdhc11AJu9u3NbNeF0GyQ6J4F3MGIcR-p_AQGCodLqXOyNPDQ7zdFIMhA0NY5EbNqSqkiOi7z4qEbt1gKZst5r1Ka-y2e6lYFKVps2sf6Qs2Gjae-WHmPDX9hLsc/s1916/20240112%20W-SPX.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="1916" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPkohNK9LIr5F1Z8ahADvpnyMDcE_hRLZR8lpXY4W6vxtbhNpvTDMmdE0srWWdYLxZbdhc11AJu9u3NbNeF0GyQ6J4F3MGIcR-p_AQGCodLqXOyNPDQ7zdFIMhA0NY5EbNqSqkiOi7z4qEbt1gKZst5r1Ka-y2e6lYFKVps2sf6Qs2Gjae-WHmPDX9hLsc/w400-h193/20240112%20W-SPX.png" width="400" /></a></div>Support and resistance levels for SPX for this week are shown above. Indices very likely continue their rally this week.<br /><br /></span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u>My Plan</u></i></span></b></div></div><div><div style="text-align: justify;"><span style="font-family: inherit;"><span style="text-align: left;"><div style="color: #1d2129;"><span style="background-color: white; text-align: justify;"><br /></span></div><div style="color: #1d2129; text-align: justify;"><span style="background-color: white;">Per my plan, <a href="https://twitter.com/balancetrading/status/1745821218639688152" target="_blank">I opened more long positions in SPY, QQQ, and IWM last Friday</a>. </span></div><div style="text-align: justify;"><b style="font-family: inherit; text-align: left;"><span style="background-color: white; font-family: inherit;"><span><br /></span></span></b></div></span></span></div><div><span style="font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=0" style="color: blue;" target="_blank"><b>Current Long-Term Portfolio</b></a></span></div><div><span style="background-color: white; color: blue; font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=1" target="_blank"><b>Past Long-Term Portfolios</b></a></span></div><div><br /></div></div></div><div><div style="color: #333333;"><span style="font-family: inherit;"><i style="background-color: #e0e0e0;"><span style="background-color: white;"><a href="http://twitter.com/balancetrading" style="color: blue;" target="_blank">twitter</a><br />opader@gmail.com<br /></span></i><br /></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>SPX</b>: S&P 500 Index <b>SMA</b>: Simple Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJI</b>: Dow Jones Industrial Index <b>EMA</b>: Exponential Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJT</b>: Dow Jones Transportation Index <b>PDL</b>: Primary Downtrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>NAZ</b>: NASDAQ Composite Index <b>PUL</b>: Primary Uptrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>RUT</b>: Russell 2000 Index <b>ASL</b>: Active Support Line</i></span><br /><span style="font-size: xx-small;"><i><b>OEX</b>: S&P 100 Index <b>ARL</b>: Active Resistance Line</i></span><br /><span style="font-size: xx-small;"><i><b>NDX</b>: NASDAQ 100 Index <b>DTL</b>: Dynamic Trend Line </i></span><span style="font-size: xx-small;"><i> <b> </b></i></span><br /><span style="font-size: xx-small;"><i><b>TUL</b>: Tentative Uptrend Line<b> TDL</b></i></span><span style="font-size: xx-small;"><i>: Tentative Downtrend Line</i></span></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>TLR</b>: Trend Line Resistance<b> TLS</b></i></span><span style="font-size: xx-small;"><i>: Trend Line Support</i></span></span></div></div></div><div><span style="font-family: inherit;"><br /></span></div><p><b style="color: #333333; font-family: inherit; font-size: 13px;"><span style="font-size: xx-small;"><i>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.</i></span></b> </p>opaderhttp://www.blogger.com/profile/00254449349458297954noreply@blogger.comtag:blogger.com,1999:blog-8398896783592942313.post-64221332995328937642024-01-07T13:24:00.000-08:002024-01-07T13:24:56.984-08:00Indices Very Likely Resume Their Rally<p><b style="font-family: inherit;"><span><span style="background-color: white; color: #333333;">SGS Market Timer Status: </span><span style="line-height: 19.5px;"><span style="background-color: black;"><span style="color: #fcff01;"> </span><span style="color: #04ff00;">LONG</span></span><span><span><span><span style="color: #04ff00;"><span><span><span><span><span style="background-color: black;"> </span><span style="background-color: black;"><br /></span></span></span></span></span></span></span></span></span></span></span></b><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/11/sgs-market-timer-is-long.html" target="_blank"><b style="color: #333333;">LONG as of the close of Friday Nov 24</b><b style="color: #333333;">, 2023</b></a><br /></span></i><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/11/sgs-market-timer-is-neutral.html" target="_blank"><span style="color: #333333;"><b>Previous</b></span><span style="color: #333333;"><b> SGS Status</b></span></a></span></i></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><span><span><a href="http://www.balancetrading.org/2020/02/answers-to-frequently-asked-questions.html" style="color: blue; font-style: italic; font-weight: bold;" target="_blank">SGS</a><span><b style="color: #333333; font-style: italic;"> is a Long-Term (weeks to months) Timer</b><br /><a href="https://docs.google.com/spreadsheets/d/1JwiXJwQC4slIMeU4VjnfTsXEk8wKpwp7/edit#gid=1087907588" style="color: #333333; font-style: italic;" target="_blank"><b>SGS </b><b>Performance</b><b> Data</b></a><i style="color: #333333;"> </i><br /></span></span></span><b><b style="color: #333333;"><i><a href="http://www.balancetrading.org/2017/10/why-market-timing-is-must.html" target="_blank">Why Market Timing Is A Must</a></i></b></b></span></span></p><div class="separator" style="clear: both;"><span style="color: #333333;"><br /></span></div><div class="separator" style="clear: both;"><u style="color: #333333; font-family: inherit; font-style: italic; font-weight: bold; text-align: justify;">SGS Market Timer</u></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div class="separator" style="clear: both; text-align: left;"><br /></div></span></span></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div style="text-align: left;">As of the close of last Friday (1/5), the value of SGS was calculated to be +123. The status of SGS remains Long. </div><div style="text-align: left;"><br /></div></span></span></div></div><div><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: 700; text-align: justify;"><u>S&P 500 Support And Resistance Levels</u></span></div><div><div><div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMNy2ejX7ZU9q9eooyP2G4a0vWP-N-rLdGPV4ESWOaJEQmM1KIAXAt_3uO4wzCHIqSb5ZqvbiWhj-OUFxBPOCMoA7cnLl-G8LU6Hby2wkrF6MdgsTV2j5ttNJvTURzEIeoQN8swmICT06ryKzFGs1-9cReQpD1dUg4Ragnqif2SXh98ZJYoctgi3pCSgzC/s1916/20240105%20W-SPX.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="1916" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMNy2ejX7ZU9q9eooyP2G4a0vWP-N-rLdGPV4ESWOaJEQmM1KIAXAt_3uO4wzCHIqSb5ZqvbiWhj-OUFxBPOCMoA7cnLl-G8LU6Hby2wkrF6MdgsTV2j5ttNJvTURzEIeoQN8swmICT06ryKzFGs1-9cReQpD1dUg4Ragnqif2SXh98ZJYoctgi3pCSgzC/w400-h193/20240105%20W-SPX.png" width="400" /></a></div>Support and resistance levels for SPX for this week are shown above. Indices very likely resume their rally sometime this week.</span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><br /></span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u>My Plan</u></i></span></b></div></div><div><div style="text-align: justify;"><span style="font-family: inherit;"><span style="text-align: left;"><div style="color: #1d2129;"><span style="background-color: white; text-align: justify;"><br /></span></div><div style="color: #1d2129; text-align: justify;"><span style="background-color: white;">I'm watching indices and very likely open new long positions this week. </span></div><div style="text-align: justify;"><b style="font-family: inherit; text-align: left;"><span style="background-color: white; font-family: inherit;"><span><br /></span></span></b></div></span></span></div><div><span style="font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=0" style="color: blue;" target="_blank"><b>Current Long-Term Portfolio</b></a></span></div><div><span style="background-color: white; color: blue; font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=1" target="_blank"><b>Past Long-Term Portfolios</b></a></span></div><div><br /></div></div></div><div><div style="color: #333333;"><span style="font-family: inherit;"><i style="background-color: #e0e0e0;"><span style="background-color: white;"><a href="http://twitter.com/balancetrading" style="color: blue;" target="_blank">twitter</a><br />opader@gmail.com<br /></span></i><br /></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>SPX</b>: S&P 500 Index <b>SMA</b>: Simple Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJI</b>: Dow Jones Industrial Index <b>EMA</b>: Exponential Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJT</b>: Dow Jones Transportation Index <b>PDL</b>: Primary Downtrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>NAZ</b>: NASDAQ Composite Index <b>PUL</b>: Primary Uptrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>RUT</b>: Russell 2000 Index <b>ASL</b>: Active Support Line</i></span><br /><span style="font-size: xx-small;"><i><b>OEX</b>: S&P 100 Index <b>ARL</b>: Active Resistance Line</i></span><br /><span style="font-size: xx-small;"><i><b>NDX</b>: NASDAQ 100 Index <b>DTL</b>: Dynamic Trend Line </i></span><span style="font-size: xx-small;"><i> <b> </b></i></span><br /><span style="font-size: xx-small;"><i><b>TUL</b>: Tentative Uptrend Line<b> TDL</b></i></span><span style="font-size: xx-small;"><i>: Tentative Downtrend Line</i></span></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>TLR</b>: Trend Line Resistance<b> TLS</b></i></span><span style="font-size: xx-small;"><i>: Trend Line Support</i></span></span></div></div></div><div><span style="font-family: inherit;"><br /></span></div><p><b style="color: #333333; font-family: inherit; font-size: 13px;"><span style="font-size: xx-small;"><i>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.</i></span></b> </p>opaderhttp://www.blogger.com/profile/00254449349458297954noreply@blogger.comtag:blogger.com,1999:blog-8398896783592942313.post-15673784551196946792024-01-01T15:10:00.000-08:002024-01-01T15:10:08.184-08:00Indiecs Are Overbought<p><b style="font-family: inherit;"><span><span style="background-color: white; color: #333333;">SGS Market Timer Status: </span><span style="line-height: 19.5px;"><span style="background-color: black;"><span style="color: #fcff01;"> </span><span style="color: #04ff00;">LONG</span></span><span><span><span><span style="color: #04ff00;"><span><span><span><span><span style="background-color: black;"> </span><span style="background-color: black;"><br /></span></span></span></span></span></span></span></span></span></span></span></b><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/11/sgs-market-timer-is-long.html" target="_blank"><b style="color: #333333;">LONG as of the close of Friday Nov 24</b><b style="color: #333333;">, 2023</b></a><br /></span></i><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/11/sgs-market-timer-is-neutral.html" target="_blank"><span style="color: #333333;"><b>Previous</b></span><span style="color: #333333;"><b> SGS Status</b></span></a></span></i></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><span><span><a href="http://www.balancetrading.org/2020/02/answers-to-frequently-asked-questions.html" style="color: blue; font-style: italic; font-weight: bold;" target="_blank">SGS</a><span><b style="color: #333333; font-style: italic;"> is a Long-Term (weeks to months) Timer</b><br /><a href="https://docs.google.com/spreadsheets/d/1JwiXJwQC4slIMeU4VjnfTsXEk8wKpwp7/edit#gid=1087907588" style="color: #333333; font-style: italic;" target="_blank"><b>SGS </b><b>Performance</b><b> Data</b></a><i style="color: #333333;"> </i><br /></span></span></span><b><b style="color: #333333;"><i><a href="http://www.balancetrading.org/2017/10/why-market-timing-is-must.html" target="_blank">Why Market Timing Is A Must</a></i></b></b></span></span></p><div class="separator" style="clear: both;"><span style="color: #333333;"><br /></span></div><div class="separator" style="clear: both;"><u style="color: #333333; font-family: inherit; font-style: italic; font-weight: bold; text-align: justify;">SGS Market Timer</u></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div class="separator" style="clear: both; text-align: left;"><br /></div></span></span></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div style="text-align: left;">As of the close of last Friday (12/29), the value of SGS was calculated to be +344. The status of SGS remains Long. </div><div style="text-align: left;"><br /></div></span></span></div></div><div><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: 700; text-align: justify;"><u>S&P 500 Support And Resistance Levels</u></span></div><div><div><div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2_CrfVWUW2TqU05p5GkLxm29fINTw-3Rre_Nh5gndem6b8pEvMKAqYEeA6tuAr2qQkE7XJOK0vkQs1844WAJ0F9bugd380fUaw0FDNijnIZiLpF87ahJ4cMTd2aKHAQY5vTGNm_h2pTvz0u4NgcbVDb-jwyGqkW6sD7H3e4GTgLt327jd9Vu-SRgReHl1/s1916/20231229%20W-SPX.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="1916" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2_CrfVWUW2TqU05p5GkLxm29fINTw-3Rre_Nh5gndem6b8pEvMKAqYEeA6tuAr2qQkE7XJOK0vkQs1844WAJ0F9bugd380fUaw0FDNijnIZiLpF87ahJ4cMTd2aKHAQY5vTGNm_h2pTvz0u4NgcbVDb-jwyGqkW6sD7H3e4GTgLt327jd9Vu-SRgReHl1/w400-h193/20231229%20W-SPX.png" width="400" /></a></div>Support and resistance levels for SPX for this week are shown above. Indices are overbought and there is a good chance that indices sell off on the back of profit taking and tax-selling.</span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><br /></span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u>My Plan</u></i></span></b></div></div><div><div style="text-align: justify;"><span style="font-family: inherit;"><span style="text-align: left;"><div style="color: #1d2129;"><span style="background-color: white; text-align: justify;"><br /></span></div><div style="color: #1d2129; text-align: justify;"><span style="background-color: white;"><a href="https://twitter.com/balancetrading/status/1740820274222920151" target="_blank">Last Friday I closed my long SPY, QQQ, and IWM positions.</a> There is a good chance that indices sell off during the first week of 2024. I'm planning new long positions shortly after first few days of trading. <br /><br /></span></div><div style="text-align: justify;"><b style="font-family: inherit; text-align: left;"><span style="background-color: white; font-family: inherit;"><span><span style="color: red;"><i>Happy New Year</i></span><br /><br /></span></span></b></div></span></span></div><div><span style="font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=0" style="color: blue;" target="_blank"><b>Current Long-Term Portfolio</b></a></span></div><div><span style="background-color: white; color: blue; font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=1" target="_blank"><b>Past Long-Term Portfolios</b></a></span></div><div><br /></div></div></div><div><div style="color: #333333;"><span style="font-family: inherit;"><i style="background-color: #e0e0e0;"><span style="background-color: white;"><a href="http://twitter.com/balancetrading" style="color: blue;" target="_blank">twitter</a><br />opader@gmail.com<br /></span></i><br /></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>SPX</b>: S&P 500 Index <b>SMA</b>: Simple Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJI</b>: Dow Jones Industrial Index <b>EMA</b>: Exponential Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJT</b>: Dow Jones Transportation Index <b>PDL</b>: Primary Downtrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>NAZ</b>: NASDAQ Composite Index <b>PUL</b>: Primary Uptrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>RUT</b>: Russell 2000 Index <b>ASL</b>: Active Support Line</i></span><br /><span style="font-size: xx-small;"><i><b>OEX</b>: S&P 100 Index <b>ARL</b>: Active Resistance Line</i></span><br /><span style="font-size: xx-small;"><i><b>NDX</b>: NASDAQ 100 Index <b>DTL</b>: Dynamic Trend Line </i></span><span style="font-size: xx-small;"><i> <b> </b></i></span><br /><span style="font-size: xx-small;"><i><b>TUL</b>: Tentative Uptrend Line<b> TDL</b></i></span><span style="font-size: xx-small;"><i>: Tentative Downtrend Line</i></span></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>TLR</b>: Trend Line Resistance<b> TLS</b></i></span><span style="font-size: xx-small;"><i>: Trend Line Support</i></span></span></div></div></div><div><span style="font-family: inherit;"><br /></span></div><p><b style="color: #333333; font-family: inherit; font-size: 13px;"><span style="font-size: xx-small;"><i>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.</i></span></b> </p>opaderhttp://www.blogger.com/profile/00254449349458297954noreply@blogger.comtag:blogger.com,1999:blog-8398896783592942313.post-32443733111274035362023-12-25T09:58:00.000-08:002023-12-25T09:58:36.288-08:00Indices Look Good<p><b style="font-family: inherit;"><span><span style="background-color: white; color: #333333;">SGS Market Timer Status: </span><span style="line-height: 19.5px;"><span style="background-color: black;"><span style="color: #fcff01;"> </span><span style="color: #04ff00;">LONG</span></span><span><span><span><span style="color: #04ff00;"><span><span><span><span><span style="background-color: black;"> </span><span style="background-color: black;"><br /></span></span></span></span></span></span></span></span></span></span></span></b><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/11/sgs-market-timer-is-long.html" target="_blank"><b style="color: #333333;">LONG as of the close of Friday Nov 24</b><b style="color: #333333;">, 2023</b></a><br /></span></i><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/11/sgs-market-timer-is-neutral.html" target="_blank"><span style="color: #333333;"><b>Previous</b></span><span style="color: #333333;"><b> SGS Status</b></span></a></span></i></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><span><span><a href="http://www.balancetrading.org/2020/02/answers-to-frequently-asked-questions.html" style="color: blue; font-style: italic; font-weight: bold;" target="_blank">SGS</a><span><b style="color: #333333; font-style: italic;"> is a Long-Term (weeks to months) Timer</b><br /><a href="https://docs.google.com/spreadsheets/d/1JwiXJwQC4slIMeU4VjnfTsXEk8wKpwp7/edit#gid=1087907588" style="color: #333333; font-style: italic;" target="_blank"><b>SGS </b><b>Performance</b><b> Data</b></a><i style="color: #333333;"> </i><br /></span></span></span><b><b style="color: #333333;"><i><a href="http://www.balancetrading.org/2017/10/why-market-timing-is-must.html" target="_blank">Why Market Timing Is A Must</a></i></b></b></span></span></p><div class="separator" style="clear: both;"><span style="color: #333333;"><br /></span></div><div class="separator" style="clear: both;"><u style="color: #333333; font-family: inherit; font-style: italic; font-weight: bold; text-align: justify;">SGS Market Timer</u></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div class="separator" style="clear: both; text-align: left;"><br /></div></span></span></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div style="text-align: left;">As of the close of last Friday (12/22), the value of SGS was calculated to be +385. The status of SGS remains Long. </div><div style="text-align: left;"><br /></div></span></span></div></div><div><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: 700; text-align: justify;"><u>S&P 500 Support And Resistance Levels</u></span></div><div><div><div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjexpmv3LgWEeo78sV9PGoy6665E4pgKkWNFFm-ELT4ZKBjBvXJE7pL1Jhpo6tulW4xznRHR0PdyRVyiALOAVCiFv0Nh4S5tb6q1XMlvXwMq75lueLhD0R1XeOatoGl__Nqx6-MlsTAscM7frUXqTrzKFFsA5aXbCixnCZyrQuN-CqCVPl-NLFM_YdsIIpa/s1916/20231222%20W-SPX.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="1916" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjexpmv3LgWEeo78sV9PGoy6665E4pgKkWNFFm-ELT4ZKBjBvXJE7pL1Jhpo6tulW4xznRHR0PdyRVyiALOAVCiFv0Nh4S5tb6q1XMlvXwMq75lueLhD0R1XeOatoGl__Nqx6-MlsTAscM7frUXqTrzKFFsA5aXbCixnCZyrQuN-CqCVPl-NLFM_YdsIIpa/w400-h193/20231222%20W-SPX.png" width="400" /></a></div>Support and resistance levels for SPX for this week are shown above. Indices look good and there is a good chance that rally continues this week.</span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><br /></span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u>My Plan</u></i></span></b></div></div><div><div style="text-align: justify;"><span style="font-family: inherit;"><span style="text-align: left;"><div style="color: #1d2129;"><span style="background-color: white; text-align: justify;"><br /></span></div><div style="color: #1d2129; text-align: justify;"><b style="font-family: inherit; text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;">I'm 100% long now and plan to stay long for now.</span></span></b></div><div style="color: #1d2129; text-align: justify;"><b style="font-family: inherit; text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><br /></span></span></b></div><div style="text-align: justify;"><b style="font-family: inherit; text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #38761d;"><i>Merry Christmas</i></span><span style="color: #1d2129; font-weight: 400;"> & </span><span><span style="color: red;"><i>Happy New Year</i></span><br /><br /></span></span></b></div></span></span></div><div><span style="font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=0" style="color: blue;" target="_blank"><b>Current Long-Term Portfolio</b></a></span></div><div><span style="background-color: white; color: blue; font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=1" target="_blank"><b>Past Long-Term Portfolios</b></a></span></div><div><br /></div></div></div><div><div style="color: #333333;"><span style="font-family: inherit;"><i style="background-color: #e0e0e0;"><span style="background-color: white;"><a href="http://twitter.com/balancetrading" style="color: blue;" target="_blank">twitter</a><br />opader@gmail.com<br /></span></i><br /></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>SPX</b>: S&P 500 Index <b>SMA</b>: Simple Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJI</b>: Dow Jones Industrial Index <b>EMA</b>: Exponential Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJT</b>: Dow Jones Transportation Index <b>PDL</b>: Primary Downtrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>NAZ</b>: NASDAQ Composite Index <b>PUL</b>: Primary Uptrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>RUT</b>: Russell 2000 Index <b>ASL</b>: Active Support Line</i></span><br /><span style="font-size: xx-small;"><i><b>OEX</b>: S&P 100 Index <b>ARL</b>: Active Resistance Line</i></span><br /><span style="font-size: xx-small;"><i><b>NDX</b>: NASDAQ 100 Index <b>DTL</b>: Dynamic Trend Line </i></span><span style="font-size: xx-small;"><i> <b> </b></i></span><br /><span style="font-size: xx-small;"><i><b>TUL</b>: Tentative Uptrend Line<b> TDL</b></i></span><span style="font-size: xx-small;"><i>: Tentative Downtrend Line</i></span></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>TLR</b>: Trend Line Resistance<b> TLS</b></i></span><span style="font-size: xx-small;"><i>: Trend Line Support</i></span></span></div></div></div><div><span style="font-family: inherit;"><br /></span></div><p><b style="color: #333333; font-family: inherit; font-size: 13px;"><span style="font-size: xx-small;"><i>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.</i></span></b> </p>opaderhttp://www.blogger.com/profile/00254449349458297954noreply@blogger.comtag:blogger.com,1999:blog-8398896783592942313.post-3048181847240362592023-12-17T11:23:00.000-08:002023-12-17T11:23:45.608-08:00Short-term, Indices Are Overbought<p><b style="font-family: inherit;"><span><span style="background-color: white; color: #333333;">SGS Market Timer Status: </span><span style="line-height: 19.5px;"><span style="background-color: black;"><span style="color: #fcff01;"> </span><span style="color: #04ff00;">LONG</span></span><span><span><span><span style="color: #04ff00;"><span><span><span><span><span style="background-color: black;"> </span><span style="background-color: black;"><br /></span></span></span></span></span></span></span></span></span></span></span></b><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/11/sgs-market-timer-is-long.html" target="_blank"><b style="color: #333333;">LONG as of the close of Friday Nov 24</b><b style="color: #333333;">, 2023</b></a><br /></span></i><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/11/sgs-market-timer-is-neutral.html" target="_blank"><span style="color: #333333;"><b>Previous</b></span><span style="color: #333333;"><b> SGS Status</b></span></a></span></i></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><span><span><a href="http://www.balancetrading.org/2020/02/answers-to-frequently-asked-questions.html" style="color: blue; font-style: italic; font-weight: bold;" target="_blank">SGS</a><span><b style="color: #333333; font-style: italic;"> is a Long-Term (weeks to months) Timer</b><br /><a href="https://docs.google.com/spreadsheets/d/1JwiXJwQC4slIMeU4VjnfTsXEk8wKpwp7/edit#gid=1087907588" style="color: #333333; font-style: italic;" target="_blank"><b>SGS </b><b>Performance</b><b> Data</b></a><i style="color: #333333;"> </i><br /></span></span></span><b><b style="color: #333333;"><i><a href="http://www.balancetrading.org/2017/10/why-market-timing-is-must.html" target="_blank">Why Market Timing Is A Must</a></i></b></b></span></span></p><div class="separator" style="clear: both;"><span style="color: #333333;"><br /></span></div><div class="separator" style="clear: both;"><u style="color: #333333; font-family: inherit; font-style: italic; font-weight: bold; text-align: justify;">SGS Market Timer</u></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div class="separator" style="clear: both; text-align: left;"><br /></div></span></span></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div style="text-align: left;">As of the close of last Friday (12/15), the value of SGS was calculated to be +315. The status of SGS remains Long. </div><div style="text-align: left;"><br /></div></span></span></div></div><div><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: 700; text-align: justify;"><u>S&P 500 Support And Resistance Levels</u></span></div><div><div><div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLohH2Ifg-3xLxahfT66V4cmUWZZtciOAy_tZZOUJgePULATgvK7URsdBJ_GZgouvyzvnBBe4zWtbgYNKKWDutvNYOHyl8tE3Uqvb1y0vIbD5KFA6QEpM5qTLLQoBCmIU3IB4DMmCd5UeLCzRTj3RocfgFqlSwmGvUgo64Aqvpjn5NczHWPZGHBNqNkD8z/s1916/20231215%20W-SPX.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="1916" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLohH2Ifg-3xLxahfT66V4cmUWZZtciOAy_tZZOUJgePULATgvK7URsdBJ_GZgouvyzvnBBe4zWtbgYNKKWDutvNYOHyl8tE3Uqvb1y0vIbD5KFA6QEpM5qTLLQoBCmIU3IB4DMmCd5UeLCzRTj3RocfgFqlSwmGvUgo64Aqvpjn5NczHWPZGHBNqNkD8z/w400-h193/20231215%20W-SPX.png" width="400" /></a></div>Support and resistance levels for SPX for this week are shown above. Indices are overbought and there is a good chance that we see a correction early this week.</span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><br /></span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u>My Plan</u></i></span></b></div></div><div><div style="text-align: justify;"><span style="font-family: inherit;"><span style="color: #1d2129; text-align: left;"><div><span style="background-color: white; text-align: justify;"><br /></span></div><div style="text-align: justify;"><b style="font-family: inherit; text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;">I'm 100% long now and plan to stay long for now.<br /><br /></span></span></b></div></span></span></div><div><span style="font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=0" style="color: blue;" target="_blank"><b>Current Long-Term Portfolio</b></a></span></div><div><span style="background-color: white; color: blue; font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=1" target="_blank"><b>Past Long-Term Portfolios</b></a></span></div><div><br /></div></div></div><div><div style="color: #333333;"><span style="font-family: inherit;"><i style="background-color: #e0e0e0;"><span style="background-color: white;"><a href="http://twitter.com/balancetrading" style="color: blue;" target="_blank">twitter</a><br />opader@gmail.com<br /></span></i><br /></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>SPX</b>: S&P 500 Index <b>SMA</b>: Simple Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJI</b>: Dow Jones Industrial Index <b>EMA</b>: Exponential Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJT</b>: Dow Jones Transportation Index <b>PDL</b>: Primary Downtrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>NAZ</b>: NASDAQ Composite Index <b>PUL</b>: Primary Uptrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>RUT</b>: Russell 2000 Index <b>ASL</b>: Active Support Line</i></span><br /><span style="font-size: xx-small;"><i><b>OEX</b>: S&P 100 Index <b>ARL</b>: Active Resistance Line</i></span><br /><span style="font-size: xx-small;"><i><b>NDX</b>: NASDAQ 100 Index <b>DTL</b>: Dynamic Trend Line </i></span><span style="font-size: xx-small;"><i> <b> </b></i></span><br /><span style="font-size: xx-small;"><i><b>TUL</b>: Tentative Uptrend Line<b> TDL</b></i></span><span style="font-size: xx-small;"><i>: Tentative Downtrend Line</i></span></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>TLR</b>: Trend Line Resistance<b> TLS</b></i></span><span style="font-size: xx-small;"><i>: Trend Line Support</i></span></span></div></div></div><div><span style="font-family: inherit;"><br /></span></div><p><b style="color: #333333; font-family: inherit; font-size: 13px;"><span style="font-size: xx-small;"><i>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.</i></span></b> </p>opaderhttp://www.blogger.com/profile/00254449349458297954noreply@blogger.comtag:blogger.com,1999:blog-8398896783592942313.post-11459914621059858082023-12-10T09:01:00.000-08:002023-12-10T09:01:10.113-08:00Rally Continues<p><b style="font-family: inherit;"><span><span style="background-color: white; color: #333333;">SGS Market Timer Status: </span><span style="line-height: 19.5px;"><span style="background-color: black;"><span style="color: #fcff01;"> </span><span style="color: #04ff00;">LONG</span></span><span><span><span><span style="color: #04ff00;"><span><span><span><span><span style="background-color: black;"> </span><span style="background-color: black;"><br /></span></span></span></span></span></span></span></span></span></span></span></b><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/11/sgs-market-timer-is-long.html" target="_blank"><b style="color: #333333;">LONG as of the close of Friday Nov 24</b><b style="color: #333333;">, 2023</b></a><br /></span></i><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/11/sgs-market-timer-is-neutral.html" target="_blank"><span style="color: #333333;"><b>Previous</b></span><span style="color: #333333;"><b> SGS Status</b></span></a></span></i></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><span><span><a href="http://www.balancetrading.org/2020/02/answers-to-frequently-asked-questions.html" style="color: blue; font-style: italic; font-weight: bold;" target="_blank">SGS</a><span><b style="color: #333333; font-style: italic;"> is a Long-Term (weeks to months) Timer</b><br /><a href="https://docs.google.com/spreadsheets/d/1JwiXJwQC4slIMeU4VjnfTsXEk8wKpwp7/edit#gid=1087907588" style="color: #333333; font-style: italic;" target="_blank"><b>SGS </b><b>Performance</b><b> Data</b></a><i style="color: #333333;"> </i><br /></span></span></span><b><b style="color: #333333;"><i><a href="http://www.balancetrading.org/2017/10/why-market-timing-is-must.html" target="_blank">Why Market Timing Is A Must</a></i></b></b></span></span></p><div class="separator" style="clear: both;"><span style="color: #333333;"><br /></span></div><div class="separator" style="clear: both;"><u style="color: #333333; font-family: inherit; font-style: italic; font-weight: bold; text-align: justify;">SGS Market Timer</u></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div class="separator" style="clear: both; text-align: left;"><br /></div></span></span></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div style="text-align: left;">As of the close of last Friday (12/8), the value of SGS was calculated to be +91. The status of SGS remains Long. </div><div style="text-align: left;"><br /></div></span></span></div></div><div><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: 700; text-align: justify;"><u>S&P 500 Support And Resistance Levels</u></span></div><div><div><div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhx2Q1aF2uVi9-TkTOlHyPkWwpA2U5E3z7xa6pl0VIL7la_grrcfbYdfL2ts_1SP175x_nlU5chWFMAKMu0bIjyMIGXAihw6iyTWLgsQPiZYgwksFrOZeSR1dN-T8Hd2dKGKdRui1letxfGjiFDT0xiN53f8c8IW1dbkntBtWN4T5DOntkTSqyvvCi4cAiO/s1916/20231208%20W-SPX.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="1916" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhx2Q1aF2uVi9-TkTOlHyPkWwpA2U5E3z7xa6pl0VIL7la_grrcfbYdfL2ts_1SP175x_nlU5chWFMAKMu0bIjyMIGXAihw6iyTWLgsQPiZYgwksFrOZeSR1dN-T8Hd2dKGKdRui1letxfGjiFDT0xiN53f8c8IW1dbkntBtWN4T5DOntkTSqyvvCi4cAiO/w400-h193/20231208%20W-SPX.png" width="400" /></a></div>Support and resistance levels for SPX for this week are shown above. Indices look good and very likely continue their rally on the back of excellent job report and earnings reports.</span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><br /></span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u>My Plan</u></i></span></b></div></div><div><div style="text-align: justify;"><span style="font-family: inherit;"><span style="color: #1d2129; text-align: left;"><div><span style="background-color: white; text-align: justify;"><br /></span></div><div style="text-align: justify;"><b style="font-family: inherit; text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><a href="https://twitter.com/balancetrading/status/1731738029990289916" target="_blank">Last Monday per my plan I put my remaining cash into IWM, SPY, and QQQ.</a> I'm 100% long now.<br /><br /></span></span></b></div></span></span></div><div><span style="font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=0" style="color: blue;" target="_blank"><b>Current Long-Term Portfolio</b></a></span></div><div><span style="background-color: white; color: blue; font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=1" target="_blank"><b>Past Long-Term Portfolios</b></a></span></div><div><br /></div></div></div><div><div style="color: #333333;"><span style="font-family: inherit;"><i style="background-color: #e0e0e0;"><span style="background-color: white;"><a href="http://twitter.com/balancetrading" style="color: blue;" target="_blank">twitter</a><br />opader@gmail.com<br /></span></i><br /></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>SPX</b>: S&P 500 Index <b>SMA</b>: Simple Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJI</b>: Dow Jones Industrial Index <b>EMA</b>: Exponential Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJT</b>: Dow Jones Transportation Index <b>PDL</b>: Primary Downtrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>NAZ</b>: NASDAQ Composite Index <b>PUL</b>: Primary Uptrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>RUT</b>: Russell 2000 Index <b>ASL</b>: Active Support Line</i></span><br /><span style="font-size: xx-small;"><i><b>OEX</b>: S&P 100 Index <b>ARL</b>: Active Resistance Line</i></span><br /><span style="font-size: xx-small;"><i><b>NDX</b>: NASDAQ 100 Index <b>DTL</b>: Dynamic Trend Line </i></span><span style="font-size: xx-small;"><i> <b> </b></i></span><br /><span style="font-size: xx-small;"><i><b>TUL</b>: Tentative Uptrend Line<b> TDL</b></i></span><span style="font-size: xx-small;"><i>: Tentative Downtrend Line</i></span></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>TLR</b>: Trend Line Resistance<b> TLS</b></i></span><span style="font-size: xx-small;"><i>: Trend Line Support</i></span></span></div></div></div><div><span style="font-family: inherit;"><br /></span></div><p><b style="color: #333333; font-family: inherit; font-size: 13px;"><span style="font-size: xx-small;"><i>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.</i></span></b> </p>opaderhttp://www.blogger.com/profile/00254449349458297954noreply@blogger.comtag:blogger.com,1999:blog-8398896783592942313.post-79076846782805146002023-12-03T09:53:00.000-08:002023-12-03T09:53:56.598-08:00Indices Look Good<p><b style="font-family: inherit;"><span><span style="background-color: white; color: #333333;">SGS Market Timer Status: </span><span style="line-height: 19.5px;"><span style="background-color: black;"><span style="color: #fcff01;"> </span><span style="color: #04ff00;">LONG</span></span><span><span><span><span style="color: #04ff00;"><span><span><span><span><span style="background-color: black;"> </span><span style="background-color: black;"><br /></span></span></span></span></span></span></span></span></span></span></span></b><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/11/sgs-market-timer-is-long.html" target="_blank"><b style="color: #333333;">LONG as of the close of Friday Nov 24</b><b style="color: #333333;">, 2023</b></a><br /></span></i><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/11/sgs-market-timer-is-neutral.html" target="_blank"><span style="color: #333333;"><b>Previous</b></span><span style="color: #333333;"><b> SGS Status</b></span></a></span></i></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><span><span><a href="http://www.balancetrading.org/2020/02/answers-to-frequently-asked-questions.html" style="color: blue; font-style: italic; font-weight: bold;" target="_blank">SGS</a><span><b style="color: #333333; font-style: italic;"> is a Long-Term (weeks to months) Timer</b><br /><a href="https://docs.google.com/spreadsheets/d/1JwiXJwQC4slIMeU4VjnfTsXEk8wKpwp7/edit#gid=1087907588" style="color: #333333; font-style: italic;" target="_blank"><b>SGS </b><b>Performance</b><b> Data</b></a><i style="color: #333333;"> </i><br /></span></span></span><b><b style="color: #333333;"><i><a href="http://www.balancetrading.org/2017/10/why-market-timing-is-must.html" target="_blank">Why Market Timing Is A Must</a></i></b></b></span></span></p><div class="separator" style="clear: both;"><span style="color: #333333;"><br /></span></div><div class="separator" style="clear: both;"><u style="color: #333333; font-family: inherit; font-style: italic; font-weight: bold; text-align: justify;">SGS Market Timer</u></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div class="separator" style="clear: both; text-align: left;"><br /></div></span></span></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div style="text-align: left;">As of the close of last Friday (12/1), the value of SGS was calculated to be +80. The status of SGS remains Long. </div><div style="text-align: left;"><br /></div></span></span></div></div><div><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: 700; text-align: justify;"><u>S&P 500 Support And Resistance Levels</u></span></div><div><div><div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEih2OVgFFqIZQSW9Hv6mePFaMCRHTWMZ_f-gS9s0OV3MTaqMJPY-BR9PgByu_YiU_mgVTKc_RZzHVRhZmin-CxXc8mllr1K578o3sxBMAFL8-cY05-MB-DnI9rRDLIWK4BiEG_250yS5ZKbxOVHZ4h4OF2cw6Y-2pOh_qrqQQg9ZGVNOydDnTaiHILxYkj-/s1916/20231201%20W-SPX.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="1916" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEih2OVgFFqIZQSW9Hv6mePFaMCRHTWMZ_f-gS9s0OV3MTaqMJPY-BR9PgByu_YiU_mgVTKc_RZzHVRhZmin-CxXc8mllr1K578o3sxBMAFL8-cY05-MB-DnI9rRDLIWK4BiEG_250yS5ZKbxOVHZ4h4OF2cw6Y-2pOh_qrqQQg9ZGVNOydDnTaiHILxYkj-/w400-h193/20231201%20W-SPX.png" width="400" /></a></div>Support and resistance levels for SPX for this week are shown above. Indices look good and very likely continue their rally on the back of excellent GDP and earnings reports.</span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><br /></span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u>My Plan</u></i></span></b></div></div><div><div style="text-align: justify;"><span style="font-family: inherit;"><span style="color: #1d2129; text-align: left;"><div><span style="background-color: white; text-align: justify;"><br /></span></div><div style="text-align: justify;"><b style="font-family: inherit; text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><a href="https://twitter.com/balancetrading/status/1729878096743186590" target="_blank">Last Tuesday per my plan I put 30% of my cash into IWM, SPY, and QQQ</a>. With SGS remaining Long, my plan is to put more money to work this week,<br /><br /></span></span></b></div></span></span></div><div><span style="font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=0" style="color: blue;" target="_blank"><b>Current Long-Term Portfolio</b></a></span></div><div><span style="background-color: white; color: blue; font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=1" target="_blank"><b>Past Long-Term Portfolios</b></a></span></div><div><br /></div></div></div><div><div style="color: #333333;"><span style="font-family: inherit;"><i style="background-color: #e0e0e0;"><span style="background-color: white;"><a href="http://twitter.com/balancetrading" style="color: blue;" target="_blank">twitter</a><br />opader@gmail.com<br /></span></i><br /></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>SPX</b>: S&P 500 Index <b>SMA</b>: Simple Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJI</b>: Dow Jones Industrial Index <b>EMA</b>: Exponential Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJT</b>: Dow Jones Transportation Index <b>PDL</b>: Primary Downtrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>NAZ</b>: NASDAQ Composite Index <b>PUL</b>: Primary Uptrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>RUT</b>: Russell 2000 Index <b>ASL</b>: Active Support Line</i></span><br /><span style="font-size: xx-small;"><i><b>OEX</b>: S&P 100 Index <b>ARL</b>: Active Resistance Line</i></span><br /><span style="font-size: xx-small;"><i><b>NDX</b>: NASDAQ 100 Index <b>DTL</b>: Dynamic Trend Line </i></span><span style="font-size: xx-small;"><i> <b> </b></i></span><br /><span style="font-size: xx-small;"><i><b>TUL</b>: Tentative Uptrend Line<b> TDL</b></i></span><span style="font-size: xx-small;"><i>: Tentative Downtrend Line</i></span></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>TLR</b>: Trend Line Resistance<b> TLS</b></i></span><span style="font-size: xx-small;"><i>: Trend Line Support</i></span></span></div></div></div><div><span style="font-family: inherit;"><br /></span></div><p><b style="color: #333333; font-family: inherit; font-size: 13px;"><span style="font-size: xx-small;"><i>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.</i></span></b> </p>opaderhttp://www.blogger.com/profile/00254449349458297954noreply@blogger.comtag:blogger.com,1999:blog-8398896783592942313.post-20098847835682959432023-11-26T11:44:00.000-08:002023-11-26T11:45:02.460-08:00SGS Market Timer Is Long<p><b style="font-family: inherit;"><span><span style="background-color: white; color: #333333;">SGS Market Timer Status: </span><span style="line-height: 19.5px;"><span style="background-color: black;"><span style="color: #fcff01;"> </span><span style="color: #04ff00;">LONG</span></span><span><span><span><span style="color: #04ff00;"><span><span><span><span><span style="background-color: black;"> </span><span style="background-color: black;"><br /></span></span></span></span></span></span></span></span></span></span></span></b><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/11/sgs-market-timer-is-long.html" target="_blank"><b style="color: #333333;">LONG as of the close of Friday Nov 24</b><b style="color: #333333;">, 2023</b></a><br /></span></i><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/11/sgs-market-timer-is-neutral.html" target="_blank"><span style="color: #333333;"><b>Previous</b></span><span style="color: #333333;"><b> SGS Status</b></span></a></span></i></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><span><span><a href="http://www.balancetrading.org/2020/02/answers-to-frequently-asked-questions.html" style="color: blue; font-style: italic; font-weight: bold;" target="_blank">SGS</a><span><b style="color: #333333; font-style: italic;"> is a Long-Term (weeks to months) Timer</b><br /><a href="https://docs.google.com/spreadsheets/d/1JwiXJwQC4slIMeU4VjnfTsXEk8wKpwp7/edit#gid=1087907588" style="color: #333333; font-style: italic;" target="_blank"><b>SGS </b><b>Performance</b><b> Data</b></a><i style="color: #333333;"> </i><br /></span></span></span><b><b style="color: #333333;"><i><a href="http://www.balancetrading.org/2017/10/why-market-timing-is-must.html" target="_blank">Why Market Timing Is A Must</a></i></b></b></span></span></p><div class="separator" style="clear: both;"><span style="color: #333333;"><br /></span></div><div class="separator" style="clear: both;"><u style="color: #333333; font-family: inherit; font-style: italic; font-weight: bold; text-align: justify;">SGS Market Timer</u></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div class="separator" style="clear: both; text-align: left;"><br /></div></span></span></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div style="text-align: left;">As of the close of last Friday (11/24), the value of SGS was calculated to be +11. The status of SGS changed from Neutral to Long. </div><div style="text-align: left;"><br /></div></span></span></div></div><div><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: 700; text-align: justify;"><u>S&P 500 Support And Resistance Levels</u></span></div><div><div><div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixMzFfFhwHxmJLPrJFhGhifPe-klAmq-5DRg9cOYTH_w12GMg3ZhbVqqCkNKOVUHR8qR-rYGOaJHawzGkPydNNX2MdEsnpBfM-C17nGn66qamiEOBsDZY3TbjboUl-2HeLLTNxHHO4krb02MWS9xpPCR5sXhoQwIYSLiz_Qk2ldpK7HoJRiOObhWpF8ERg/s1916/20231124%20W-SPX.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="1916" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixMzFfFhwHxmJLPrJFhGhifPe-klAmq-5DRg9cOYTH_w12GMg3ZhbVqqCkNKOVUHR8qR-rYGOaJHawzGkPydNNX2MdEsnpBfM-C17nGn66qamiEOBsDZY3TbjboUl-2HeLLTNxHHO4krb02MWS9xpPCR5sXhoQwIYSLiz_Qk2ldpK7HoJRiOObhWpF8ERg/w400-h193/20231124%20W-SPX.png" width="400" /></a></div>Support and resistance levels for SPX for this week are shown above. </span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><br /></span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u>My Plan</u></i></span></b></div></div><div><div style="text-align: justify;"><span style="font-family: inherit;"><span style="color: #1d2129; text-align: left;"><div><span style="background-color: white; text-align: justify;"><br /></span></div><div style="text-align: justify;"><b style="font-family: inherit; text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;">SGS is Long now and my plan is to put more money to work this week,<br /><br /></span></span></b></div></span></span></div><div><span style="font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=0" style="color: blue;" target="_blank"><b>Current Long-Term Portfolio</b></a></span></div><div><span style="background-color: white; color: blue; font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=1" target="_blank"><b>Past Long-Term Portfolios</b></a></span></div><div><br /></div></div></div><div><div style="color: #333333;"><span style="font-family: inherit;"><i style="background-color: #e0e0e0;"><span style="background-color: white;"><a href="http://twitter.com/balancetrading" style="color: blue;" target="_blank">twitter</a><br />opader@gmail.com<br /></span></i><br /></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>SPX</b>: S&P 500 Index <b>SMA</b>: Simple Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJI</b>: Dow Jones Industrial Index <b>EMA</b>: Exponential Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJT</b>: Dow Jones Transportation Index <b>PDL</b>: Primary Downtrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>NAZ</b>: NASDAQ Composite Index <b>PUL</b>: Primary Uptrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>RUT</b>: Russell 2000 Index <b>ASL</b>: Active Support Line</i></span><br /><span style="font-size: xx-small;"><i><b>OEX</b>: S&P 100 Index <b>ARL</b>: Active Resistance Line</i></span><br /><span style="font-size: xx-small;"><i><b>NDX</b>: NASDAQ 100 Index <b>DTL</b>: Dynamic Trend Line </i></span><span style="font-size: xx-small;"><i> <b> </b></i></span><br /><span style="font-size: xx-small;"><i><b>TUL</b>: Tentative Uptrend Line<b> TDL</b></i></span><span style="font-size: xx-small;"><i>: Tentative Downtrend Line</i></span></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>TLR</b>: Trend Line Resistance<b> TLS</b></i></span><span style="font-size: xx-small;"><i>: Trend Line Support</i></span></span></div></div></div><div><span style="font-family: inherit;"><br /></span></div><p><b style="color: #333333; font-family: inherit; font-size: 13px;"><span style="font-size: xx-small;"><i>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.</i></span></b> </p>opaderhttp://www.blogger.com/profile/00254449349458297954noreply@blogger.comtag:blogger.com,1999:blog-8398896783592942313.post-54210303237859475642023-11-19T10:20:00.000-08:002023-11-19T10:21:58.723-08:00SGS Market Timer Is Neutral<p><b style="font-family: inherit;"><span><span style="background-color: white; color: #333333;">SGS Market Timer Status: </span><span style="line-height: 19.5px;"><span style="background-color: black;"><span style="color: #fcff01;"> </span><span style="color: #fcff01;">NEUTRAL</span></span><span><span><span><span style="color: #04ff00;"><span><span><span><span><span style="background-color: black;"> </span><span style="background-color: black;"><br /></span></span></span></span></span></span></span></span></span></span></span></b><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/09/sgs-market-timer-is-short.html" target="_blank"><b style="color: #333333;">NEUTRAL as of the close of Friday Nov 17</b><b style="color: #333333;">, 2023</b></a><br /></span></i><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/09/sgs-market-timer-is-short.html" target="_blank"><span style="color: #333333;"><b>Previous</b></span><span style="color: #333333;"><b> SGS Status</b></span></a></span></i></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><span><span><a href="http://www.balancetrading.org/2020/02/answers-to-frequently-asked-questions.html" style="color: blue; font-style: italic; font-weight: bold;" target="_blank">SGS</a><span><b style="color: #333333; font-style: italic;"> is a Long-Term (weeks to months) Timer</b><br /><a href="https://docs.google.com/spreadsheets/d/1JwiXJwQC4slIMeU4VjnfTsXEk8wKpwp7/edit#gid=1087907588" style="color: #333333; font-style: italic;" target="_blank"><b>SGS </b><b>Performance</b><b> Data</b></a><i style="color: #333333;"> </i><br /></span></span></span><b><b style="color: #333333;"><i><a href="http://www.balancetrading.org/2017/10/why-market-timing-is-must.html" target="_blank">Why Market Timing Is A Must</a></i></b></b></span></span></p><div class="separator" style="clear: both;"><span style="color: #333333;"><br /></span></div><div class="separator" style="clear: both;"><u style="color: #333333; font-family: inherit; font-style: italic; font-weight: bold; text-align: justify;">SGS Market Timer</u></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div class="separator" style="clear: both; text-align: left;"><br /></div></span></span></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div style="text-align: left;">As of the close of last Friday (11/17), the value of SGS was calculated to be -115. The status of SGS changed from Short to Neutral. </div><div style="text-align: left;"><br /></div></span></span></div></div><div><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: 700; text-align: justify;"><u>S&P 500 Support And Resistance Levels</u></span></div><div><div><div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKRjX29xnrKgavWit6TyO6cPAXMa1mwROwWowzyCKt8cSN2yYfRIJ5c5iQSct6pO5EQKnjXX8YOeltcpzJTTUUDM4R7lsAcQ8PHlKz_hPl9k24uPEzFvLRElmG1oMgbspMD1LEb6Lb-ixV6CNdq3Y3fnMbrQd1I7uZRZjghBrRs8zqhn_abe5d2pzbFX9i/s1916/20231117%20W-SPX.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="1916" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKRjX29xnrKgavWit6TyO6cPAXMa1mwROwWowzyCKt8cSN2yYfRIJ5c5iQSct6pO5EQKnjXX8YOeltcpzJTTUUDM4R7lsAcQ8PHlKz_hPl9k24uPEzFvLRElmG1oMgbspMD1LEb6Lb-ixV6CNdq3Y3fnMbrQd1I7uZRZjghBrRs8zqhn_abe5d2pzbFX9i/w400-h193/20231117%20W-SPX.png" width="400" /></a></div>Support and resistance levels for SPX for this week are shown above. </span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><br /></span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u>My Plan</u></i></span></b></div></div><div><div style="text-align: justify;"><span style="font-family: inherit;"><span style="color: #1d2129; text-align: left;"><div><span style="background-color: white; text-align: justify;"><br /></span></div><div style="text-align: justify;"><b style="font-family: inherit; text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;">Per my plan, <a href="https://twitter.com/balancetrading/status/1725154056899834102" target="_blank">last Thursday I put 30% of my cash into SPY, QQQ, and IWM</a>. My plan is to put more cash to work once SGS turns long. <br /><br /></span></span></b></div></span></span></div><div><span style="font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=0" style="color: blue;" target="_blank"><b>Current Long-Term Portfolio</b></a></span></div><div><span style="background-color: white; color: blue; font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=1" target="_blank"><b>Past Long-Term Portfolios</b></a></span></div><div><br /></div></div></div><div><div style="color: #333333;"><span style="font-family: inherit;"><i style="background-color: #e0e0e0;"><span style="background-color: white;"><a href="http://twitter.com/balancetrading" style="color: blue;" target="_blank">twitter</a><br />opader@gmail.com<br /></span></i><br /></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>SPX</b>: S&P 500 Index <b>SMA</b>: Simple Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJI</b>: Dow Jones Industrial Index <b>EMA</b>: Exponential Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJT</b>: Dow Jones Transportation Index <b>PDL</b>: Primary Downtrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>NAZ</b>: NASDAQ Composite Index <b>PUL</b>: Primary Uptrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>RUT</b>: Russell 2000 Index <b>ASL</b>: Active Support Line</i></span><br /><span style="font-size: xx-small;"><i><b>OEX</b>: S&P 100 Index <b>ARL</b>: Active Resistance Line</i></span><br /><span style="font-size: xx-small;"><i><b>NDX</b>: NASDAQ 100 Index <b>DTL</b>: Dynamic Trend Line </i></span><span style="font-size: xx-small;"><i> <b> </b></i></span><br /><span style="font-size: xx-small;"><i><b>TUL</b>: Tentative Uptrend Line<b> TDL</b></i></span><span style="font-size: xx-small;"><i>: Tentative Downtrend Line</i></span></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>TLR</b>: Trend Line Resistance<b> TLS</b></i></span><span style="font-size: xx-small;"><i>: Trend Line Support</i></span></span></div></div></div><div><span style="font-family: inherit;"><br /></span></div><p><b style="color: #333333; font-family: inherit; font-size: 13px;"><span style="font-size: xx-small;"><i>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.</i></span></b> </p>opaderhttp://www.blogger.com/profile/00254449349458297954noreply@blogger.comtag:blogger.com,1999:blog-8398896783592942313.post-26964130543701884422023-11-12T07:55:00.000-08:002023-11-12T08:01:31.117-08:00Government Shutdown Is A Buying Opportunity<p><b style="font-family: inherit;"><span><span style="background-color: white; color: #333333;">SGS Market Timer Status: </span><span style="line-height: 19.5px;"><span style="background-color: black;"><span style="color: #fcff01;"> </span><span style="color: red;">SHORT</span></span><span><span><span><span style="color: #04ff00;"><span><span><span><span><span style="background-color: black;"> </span><span style="background-color: black;"><br /></span></span></span></span></span></span></span></span></span></span></span></b><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/09/sgs-market-timer-is-short.html" target="_blank"><b style="color: #333333;">SHORT as of the close of Friday Sep 22</b><b style="color: #333333;">, 2023</b></a><br /></span></i><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/09/sgs-market-timer-is-neutral.html" target="_blank"><span style="color: #333333;"><b>Previous</b></span><span style="color: #333333;"><b> SGS Status</b></span></a></span></i></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><span><span><a href="http://www.balancetrading.org/2020/02/answers-to-frequently-asked-questions.html" style="color: blue; font-style: italic; font-weight: bold;" target="_blank">SGS</a><span><b style="color: #333333; font-style: italic;"> is a Long-Term (weeks to months) Timer</b><br /><a href="https://docs.google.com/spreadsheets/d/1JwiXJwQC4slIMeU4VjnfTsXEk8wKpwp7/edit#gid=1087907588" style="color: #333333; font-style: italic;" target="_blank"><b>SGS </b><b>Performance</b><b> Data</b></a><i style="color: #333333;"> </i><br /></span></span></span><b><b style="color: #333333;"><i><a href="http://www.balancetrading.org/2017/10/why-market-timing-is-must.html" target="_blank">Why Market Timing Is A Must</a></i></b></b></span></span></p><div class="separator" style="clear: both;"><span style="color: #333333;"><br /></span></div><div class="separator" style="clear: both;"><u style="color: #333333; font-family: inherit; font-style: italic; font-weight: bold; text-align: justify;">SGS Market Timer</u></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div class="separator" style="clear: both; text-align: left;"><br /></div></span></span></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div style="text-align: left;">As of the close of last Friday (11/10), the value of SGS was calculated to be -286. The status of SGS remains SHORT. </div><div style="text-align: left;"><br /></div></span></span></div></div><div><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: 700; text-align: justify;"><u>S&P 500 Support And Resistance Levels</u></span></div><div><div><div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgH_-JL2JCXMAG9xZH-f5twKxs-zb6YIkUUmLIZgv_Up69A-lCzaqYOwc-vPTpFAy7571TgGtF1HFSmV_zDxsRWxD8ZTYYpbwQSeXPsn6L460ekpI7OVW5QCMX29uZShNGZSdaH3BDsmtSbuY694Mr6Tz8aM9X5QsP4K_ViZJUJF4Gyf_1QnSRrG8P1jLlB/s1916/20231110%20W-SPX.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="1916" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgH_-JL2JCXMAG9xZH-f5twKxs-zb6YIkUUmLIZgv_Up69A-lCzaqYOwc-vPTpFAy7571TgGtF1HFSmV_zDxsRWxD8ZTYYpbwQSeXPsn6L460ekpI7OVW5QCMX29uZShNGZSdaH3BDsmtSbuY694Mr6Tz8aM9X5QsP4K_ViZJUJF4Gyf_1QnSRrG8P1jLlB/w400-h193/20231110%20W-SPX.png" width="400" /></a></div>Support and resistance levels for SPX for this week are shown above. Indices are still at extreme short-term overbought levels. The uncertainty of a government shutdown very likely causes a sell-off this week. That sell-off is a buying opportunity. </span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><br /></span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u>My Plan</u></i></span></b></div></div><div><div style="text-align: justify;"><span style="font-family: inherit;"><span style="color: #1d2129; text-align: left;"><div><span style="background-color: white; text-align: justify;"><br /></span></div><div style="text-align: justify;"><b style="font-family: inherit; text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;">I am waiting for a sell-off to open new long positions. There is a good chance that a sell-off occurs sometime this week.</span></span></b></div><div style="text-align: justify;"><br /></div></span></span></div><div><span style="font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=0" style="color: blue;" target="_blank"><b>Current Long-Term Portfolio</b></a></span></div><div><span style="background-color: white; color: blue; font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=1" target="_blank"><b>Past Long-Term Portfolios</b></a></span></div><div><br /></div></div></div><div><div style="color: #333333;"><span style="font-family: inherit;"><i style="background-color: #e0e0e0;"><span style="background-color: white;"><a href="http://twitter.com/balancetrading" style="color: blue;" target="_blank">twitter</a><br />opader@gmail.com<br /></span></i><br /></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>SPX</b>: S&P 500 Index <b>SMA</b>: Simple Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJI</b>: Dow Jones Industrial Index <b>EMA</b>: Exponential Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJT</b>: Dow Jones Transportation Index <b>PDL</b>: Primary Downtrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>NAZ</b>: NASDAQ Composite Index <b>PUL</b>: Primary Uptrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>RUT</b>: Russell 2000 Index <b>ASL</b>: Active Support Line</i></span><br /><span style="font-size: xx-small;"><i><b>OEX</b>: S&P 100 Index <b>ARL</b>: Active Resistance Line</i></span><br /><span style="font-size: xx-small;"><i><b>NDX</b>: NASDAQ 100 Index <b>DTL</b>: Dynamic Trend Line </i></span><span style="font-size: xx-small;"><i> <b> </b></i></span><br /><span style="font-size: xx-small;"><i><b>TUL</b>: Tentative Uptrend Line<b> TDL</b></i></span><span style="font-size: xx-small;"><i>: Tentative Downtrend Line</i></span></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>TLR</b>: Trend Line Resistance<b> TLS</b></i></span><span style="font-size: xx-small;"><i>: Trend Line Support</i></span></span></div></div></div><div><span style="font-family: inherit;"><br /></span></div><p><b style="color: #333333; font-family: inherit; font-size: 13px;"><span style="font-size: xx-small;"><i>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.</i></span></b> </p>opaderhttp://www.blogger.com/profile/00254449349458297954noreply@blogger.comtag:blogger.com,1999:blog-8398896783592942313.post-43589109482927165212023-11-05T09:42:00.003-08:002023-11-05T09:52:22.015-08:00Short-Term, Indices Are At Extreme Overbought Levels<p><b style="font-family: inherit;"><span><span style="background-color: white; color: #333333;">SGS Market Timer Status: </span><span style="line-height: 19.5px;"><span style="background-color: black;"><span style="color: #fcff01;"> </span><span style="color: red;">SHORT</span></span><span><span><span><span style="color: #04ff00;"><span><span><span><span><span style="background-color: black;"> </span><span style="background-color: black;"><br /></span></span></span></span></span></span></span></span></span></span></span></b><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/09/sgs-market-timer-is-short.html" target="_blank"><b style="color: #333333;">SHORT as of the close of Friday Sep 22</b><b style="color: #333333;">, 2023</b></a><br /></span></i><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/09/sgs-market-timer-is-neutral.html" target="_blank"><span style="color: #333333;"><b>Previous</b></span><span style="color: #333333;"><b> SGS Status</b></span></a></span></i></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><span><span><a href="http://www.balancetrading.org/2020/02/answers-to-frequently-asked-questions.html" style="color: blue; font-style: italic; font-weight: bold;" target="_blank">SGS</a><span><b style="color: #333333; font-style: italic;"> is a Long-Term (weeks to months) Timer</b><br /><a href="https://docs.google.com/spreadsheets/d/1JwiXJwQC4slIMeU4VjnfTsXEk8wKpwp7/edit#gid=1087907588" style="color: #333333; font-style: italic;" target="_blank"><b>SGS </b><b>Performance</b><b> Data</b></a><i style="color: #333333;"> </i><br /></span></span></span><b><b style="color: #333333;"><i><a href="http://www.balancetrading.org/2017/10/why-market-timing-is-must.html" target="_blank">Why Market Timing Is A Must</a></i></b></b></span></span></p><div class="separator" style="clear: both;"><span style="color: #333333;"><br /></span></div><div class="separator" style="clear: both;"><u style="color: #333333; font-family: inherit; font-style: italic; font-weight: bold; text-align: justify;">SGS Market Timer</u></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div class="separator" style="clear: both; text-align: left;"><br /></div></span></span></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div style="text-align: left;">As of the close of last Friday (11/3), the value of SGS was calculated to be -358. The status of SGS remains SHORT. </div><div style="text-align: left;"><br /></div></span></span></div></div><div><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: 700; text-align: justify;"><u>S&P 500 Support And Resistance Levels</u></span></div><div><div><div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjc07-PYFzrtgLhCebNaLh4d9_VdODSkW0fnCDen0PMzSJukJIJw2h7NyeyFBQ57WEsnQsCAWPTvCCt7CTBpKVEaBY-0g_Q26mc0jZ68ctyMG0Mc4zIpOXy9eIeCjZhGJ67w0yF41CWXHW1mD3oG2bBRiC3t_mHk8dSXKx1EXduTp5EzxX2ItIlmY52Hr88/s1916/20231103%20W-SPX.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="1916" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjc07-PYFzrtgLhCebNaLh4d9_VdODSkW0fnCDen0PMzSJukJIJw2h7NyeyFBQ57WEsnQsCAWPTvCCt7CTBpKVEaBY-0g_Q26mc0jZ68ctyMG0Mc4zIpOXy9eIeCjZhGJ67w0yF41CWXHW1mD3oG2bBRiC3t_mHk8dSXKx1EXduTp5EzxX2ItIlmY52Hr88/w400-h193/20231103%20W-SPX.png" width="400" /></a></div>Support and resistance levels for SPX for this week are shown above. Indices are at extreme short-term overbought levels. There is a good chance that SPX tests support around 4270 this week before heading higher. </span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><br /></span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u>My Plan</u></i></span></b></div></div><div><div style="text-align: justify;"><span style="font-family: inherit;"><span style="color: #1d2129; text-align: left;"><div><span style="background-color: white; text-align: justify;"><br /></span></div><div style="text-align: justify;"><span style="background-color: white;">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. </span><b style="font-family: inherit; text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;">There is a good chance that we see that happening sometime this week. </span></span></b></div><div style="text-align: justify;"><b style="font-family: inherit; text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><br /></span></span></b></div><div style="text-align: justify;"><b style="font-family: inherit; text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><br /></span></span></b></div></span></span></div><div><span style="font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=0" style="color: blue;" target="_blank"><b>Current Long-Term Portfolio</b></a></span></div><div><span style="background-color: white; color: blue; font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=1" target="_blank"><b>Past Long-Term Portfolios</b></a></span></div><div><br /></div></div></div><div><div style="color: #333333;"><span style="font-family: inherit;"><i style="background-color: #e0e0e0;"><span style="background-color: white;"><a href="http://twitter.com/balancetrading" style="color: blue;" target="_blank">twitter</a><br />opader@gmail.com</span></i><br /><span><br /></span></span></div><div style="color: #333333;"><span style="font-family: inherit;"><br /></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>SPX</b>: S&P 500 Index <b>SMA</b>: Simple Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJI</b>: Dow Jones Industrial Index <b>EMA</b>: Exponential Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJT</b>: Dow Jones Transportation Index <b>PDL</b>: Primary Downtrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>NAZ</b>: NASDAQ Composite Index <b>PUL</b>: Primary Uptrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>RUT</b>: Russell 2000 Index <b>ASL</b>: Active Support Line</i></span><br /><span style="font-size: xx-small;"><i><b>OEX</b>: S&P 100 Index <b>ARL</b>: Active Resistance Line</i></span><br /><span style="font-size: xx-small;"><i><b>NDX</b>: NASDAQ 100 Index <b>DTL</b>: Dynamic Trend Line </i></span><span style="font-size: xx-small;"><i> <b> </b></i></span><br /><span style="font-size: xx-small;"><i><b>TUL</b>: Tentative Uptrend Line<b> TDL</b></i></span><span style="font-size: xx-small;"><i>: Tentative Downtrend Line</i></span></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>TLR</b>: Trend Line Resistance<b> TLS</b></i></span><span style="font-size: xx-small;"><i>: Trend Line Support</i></span></span></div></div></div><div><span style="font-family: inherit;"><br /></span></div><p><b style="color: #333333; font-family: inherit; font-size: 13px;"><span style="font-size: xx-small;"><i>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.</i></span></b> </p>opaderhttp://www.blogger.com/profile/00254449349458297954noreply@blogger.comtag:blogger.com,1999:blog-8398896783592942313.post-32881472453418542472023-10-29T08:02:00.002-07:002023-10-29T08:19:29.613-07:00A Bottom Or The Bottom Has Been Reached<p><b style="font-family: inherit;"><span><span style="background-color: white; color: #333333;">SGS Market Timer Status: </span><span style="line-height: 19.5px;"><span style="background-color: black;"><span style="color: #fcff01;"> </span><span style="color: red;">SHORT</span></span><span><span><span><span style="color: #04ff00;"><span><span><span><span><span style="background-color: black;"> </span><span style="background-color: black;"><br /></span></span></span></span></span></span></span></span></span></span></span></b><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/09/sgs-market-timer-is-short.html" target="_blank"><b style="color: #333333;">SHORT as of the close of Friday Sep 22</b><b style="color: #333333;">, 2023</b></a><br /></span></i><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/09/sgs-market-timer-is-neutral.html" target="_blank"><span style="color: #333333;"><b>Previous</b></span><span style="color: #333333;"><b> SGS Status</b></span></a></span></i></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><span><span><a href="http://www.balancetrading.org/2020/02/answers-to-frequently-asked-questions.html" style="color: blue; font-style: italic; font-weight: bold;" target="_blank">SGS</a><span><b style="color: #333333; font-style: italic;"> is a Long-Term (weeks to months) Timer</b><br /><a href="https://docs.google.com/spreadsheets/d/1JwiXJwQC4slIMeU4VjnfTsXEk8wKpwp7/edit#gid=1087907588" style="color: #333333; font-style: italic;" target="_blank"><b>SGS </b><b>Performance</b><b> Data</b></a><i style="color: #333333;"> </i><br /></span></span></span><b><b style="color: #333333;"><i><a href="http://www.balancetrading.org/2017/10/why-market-timing-is-must.html" target="_blank">Why Market Timing Is A Must</a></i></b></b></span></span></p><div class="separator" style="clear: both;"><span style="color: #333333;"><br /></span></div><div class="separator" style="clear: both;"><u style="color: #333333; font-family: inherit; font-style: italic; font-weight: bold; text-align: justify;">SGS Market Timer</u></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div class="separator" style="clear: both; text-align: left;"><br /></div></span></span></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div style="text-align: left;">As of the close of last Friday (10/27), the value of SGS was calculated to be -804. The status of SGS remains SHORT. </div><div style="text-align: left;"><br /></div></span></span></div></div><div><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: 700; text-align: justify;"><u>S&P 500 Support And Resistance Levels</u></span></div><div><div><div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgYreHtD0VkHs0SE08dY015ekE23OMKgabyChTkFXf5M7qi_VOC6IwdKcEA3MvcruCrc4-_JIauT2A8ydhzEpTy0CxSu0BOnYdIYYOpK7cC55uoSntahv31HdEBMsXiw1_r39Zx9gj-fh5tSClu6ZSeZv5UVOMxyi0idPbDx8qrfq9vLdsNwSb4qg9td-y4/s1916/20231027%20W-SPX.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="1916" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgYreHtD0VkHs0SE08dY015ekE23OMKgabyChTkFXf5M7qi_VOC6IwdKcEA3MvcruCrc4-_JIauT2A8ydhzEpTy0CxSu0BOnYdIYYOpK7cC55uoSntahv31HdEBMsXiw1_r39Zx9gj-fh5tSClu6ZSeZv5UVOMxyi0idPbDx8qrfq9vLdsNwSb4qg9td-y4/w400-h193/20231027%20W-SPX.png" width="400" /></a></div>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. Last Friday SPX finally found support around 4100 late in the day. There is a good chance that SPX 4100 holds as the bottom for the current sell-off assuming the military conflict in the Middle East does spiral out of control. </span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><br /></span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u>My Plan</u></i></span></b></div></div><div><div style="text-align: justify;"><span style="font-family: inherit;"><span style="color: #1d2129; text-align: left;"><div><span style="background-color: white; text-align: justify;"><br /></span></div><div style="text-align: justify;"><span style="background-color: white;">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.</span></div><div style="text-align: justify;"><br /></div></span></span></div><div><span style="font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=0" style="color: blue;" target="_blank"><b>Current Long-Term Portfolio</b></a></span></div><div><span style="background-color: white; color: blue; font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=1" target="_blank"><b>Past Long-Term Portfolios</b></a></span></div><div><br /></div></div></div><div><div style="color: #333333;"><span style="font-family: inherit;"><i style="background-color: #e0e0e0;"><span style="background-color: white;"><a href="http://twitter.com/balancetrading" style="color: blue;" target="_blank">twitter</a><br />opader@gmail.com</span></i><br /><span><br /></span></span></div><div style="color: #333333;"><span style="font-family: inherit;"><br /></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>SPX</b>: S&P 500 Index <b>SMA</b>: Simple Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJI</b>: Dow Jones Industrial Index <b>EMA</b>: Exponential Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJT</b>: Dow Jones Transportation Index <b>PDL</b>: Primary Downtrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>NAZ</b>: NASDAQ Composite Index <b>PUL</b>: Primary Uptrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>RUT</b>: Russell 2000 Index <b>ASL</b>: Active Support Line</i></span><br /><span style="font-size: xx-small;"><i><b>OEX</b>: S&P 100 Index <b>ARL</b>: Active Resistance Line</i></span><br /><span style="font-size: xx-small;"><i><b>NDX</b>: NASDAQ 100 Index <b>DTL</b>: Dynamic Trend Line </i></span><span style="font-size: xx-small;"><i> <b> </b></i></span><br /><span style="font-size: xx-small;"><i><b>TUL</b>: Tentative Uptrend Line<b> TDL</b></i></span><span style="font-size: xx-small;"><i>: Tentative Downtrend Line</i></span></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>TLR</b>: Trend Line Resistance<b> TLS</b></i></span><span style="font-size: xx-small;"><i>: Trend Line Support</i></span></span></div></div></div><div><span style="font-family: inherit;"><br /></span></div><p><b style="color: #333333; font-family: inherit; font-size: 13px;"><span style="font-size: xx-small;"><i>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.</i></span></b> </p>opaderhttp://www.blogger.com/profile/00254449349458297954noreply@blogger.comtag:blogger.com,1999:blog-8398896783592942313.post-31899416974550678472023-10-22T09:29:00.007-07:002023-11-12T07:55:36.297-08:00Introducing SGS-ST<p><b style="font-family: inherit;"><span><span style="background-color: white; color: #333333;">SGS Market Timer Status: </span><span style="line-height: 19.5px;"><span style="background-color: black;"><span style="color: #fcff01;"> </span><span style="color: red;">SHORT</span></span><span><span><span><span style="color: #04ff00;"><span><span><span><span><span style="background-color: black;"> </span><span style="background-color: black;"><br /></span></span></span></span></span></span></span></span></span></span></span></b><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/09/sgs-market-timer-is-short.html" target="_blank"><b style="color: #333333;">SHORT as of the close of Friday Sep 22</b><b style="color: #333333;">, 2023</b></a><br /></span></i><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/09/sgs-market-timer-is-neutral.html" target="_blank"><span style="color: #333333;"><b>Previous</b></span><span style="color: #333333;"><b> SGS Status</b></span></a></span></i></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><span><span><a href="http://www.balancetrading.org/2020/02/answers-to-frequently-asked-questions.html" style="color: blue; font-style: italic; font-weight: bold;" target="_blank">SGS</a><span><b style="color: #333333; font-style: italic;"> is a Long-Term (weeks to months) Timer</b><br /><a href="https://docs.google.com/spreadsheets/d/1JwiXJwQC4slIMeU4VjnfTsXEk8wKpwp7/edit#gid=1087907588" style="color: #333333; font-style: italic;" target="_blank"><b>SGS </b><b>Performance</b><b> Data</b></a><i style="color: #333333;"> </i><br /></span></span></span><b><b style="color: #333333;"><i><a href="http://www.balancetrading.org/2017/10/why-market-timing-is-must.html" target="_blank">Why Market Timing Is A Must</a></i></b></b></span></span></p><div class="separator" style="clear: both; text-align: left;"><span style="color: #333333;"><br /></span></div><div class="separator" style="clear: both; text-align: left;"><span style="color: #333333;"><b>SGS-ST</b> 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:</span><br /><br /><span style="color: #333333;"><b style="background-color: #04ff00;"><i> Green Day </i></b> ---> SPX and NDX very likely close higher than their open</span><br /><span style="color: #333333;"><b style="background-color: red;"><i> Red Day </i></b> ---> SPX and NDX very likely close lower than their open</span><br /><span style="color: #333333;"><i><b style="background-color: #fcff01;"> Neutral Day </b></i> ---> Inconclusive </span><br /><br /><span style="color: #333333;">The system <b>buys SPXL and TQQQ</b> (equal dollar amount) at the open on <b>green days</b> and sells them at close. On <b>red days</b>, the system <b>buys SPXS and SQQQ</b> (again in equal dollar amount) and sells them at close. There is <b>no trade on neutral days</b>.<br /><br />SGS-ST performance and its trades are shown on <a href="https://docs.google.com/spreadsheets/d/1JwiXJwQC4slIMeU4VjnfTsXEk8wKpwp7/edit#gid=1221459174" target="_blank">SGS-ST Performance Google Sheet</a>. This page is also updated once a prediction for the next day is available (around 5 PM PST).</span></div><div class="separator" style="clear: both; text-align: left;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><div class="separator" style="clear: both; text-align: left;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: bold; text-align: justify;"><u>SGS Market Timer</u></span></div></div></div></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div class="separator" style="clear: both; text-align: left;"><br /></div></span></span></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div style="text-align: left;">As of the close of last Friday (10/20), the value of SGS was calculated to be -599. The status of SGS remains SHORT. </div><div style="text-align: left;"><br /></div></span></span></div></div><div><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: 700; text-align: justify;"><u>S&P 500 Support And Resistance Levels</u></span></div><div style="text-align: justify;"><div class="separator" style="clear: both; text-align: left;"><div class="separator" style="clear: both;"><span style="background-color: white; color: #1d2129; text-align: justify;"><span><div style="text-align: left;"><span style="color: #1d2129; font-family: inherit;"><div class="separator" style="clear: both; text-align: center;"><div class="separator" style="clear: both;"><br /></div></div></span></div></span></span></div></div></div><div><div><div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiCVVIwFJV5q-n-eabIbormYFzQMZrB73ZqDb9Mpl6M9qmzYlgdfgZl91ZSeZBYVwnkPTFEX0ciIJhVrxrnauXLbEmaPAvuhKcWtvYNu8xlYMIlgtP8u11VLt3slXtlrJejGEhO-zlO0XguIc-QBk_rgNNDJbxtOtpVEf-UmbtoJ8ABQhQEz07u0J0qAFMG/s1916/20231020%20W-SPX.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="1916" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiCVVIwFJV5q-n-eabIbormYFzQMZrB73ZqDb9Mpl6M9qmzYlgdfgZl91ZSeZBYVwnkPTFEX0ciIJhVrxrnauXLbEmaPAvuhKcWtvYNu8xlYMIlgtP8u11VLt3slXtlrJejGEhO-zlO0XguIc-QBk_rgNNDJbxtOtpVEf-UmbtoJ8ABQhQEz07u0J0qAFMG/w400-h193/20231020%20W-SPX.png" width="400" /></a></div>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. </span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><br /></span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u>My Plan</u></i></span></b></div></div><div><div style="text-align: justify;"><span style="font-family: inherit;"><span style="color: #1d2129; text-align: left;"><div><span style="background-color: white; text-align: justify;"><br /></span></div><div style="text-align: justify;"><span style="background-color: white;">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.</span></div><div style="text-align: justify;"><br /></div></span></span></div><div><span style="font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=0" style="color: blue;" target="_blank"><b>Current Long-Term Portfolio</b></a></span></div><div><span style="background-color: white; color: blue; font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=1" target="_blank"><b>Past Long-Term Portfolios</b></a></span></div><div><br /></div></div></div><div><div style="color: #333333;"><span style="font-family: inherit;"><i style="background-color: #e0e0e0;"><span style="background-color: white;"><a href="http://twitter.com/balancetrading" style="color: blue;" target="_blank">twitter</a><br />opader@gmail.com</span></i><br /><span><br /></span></span></div><div style="color: #333333;"><span style="font-family: inherit;"><br /></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>SPX</b>: S&P 500 Index <b>SMA</b>: Simple Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJI</b>: Dow Jones Industrial Index <b>EMA</b>: Exponential Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJT</b>: Dow Jones Transportation Index <b>PDL</b>: Primary Downtrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>NAZ</b>: NASDAQ Composite Index <b>PUL</b>: Primary Uptrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>RUT</b>: Russell 2000 Index <b>ASL</b>: Active Support Line</i></span><br /><span style="font-size: xx-small;"><i><b>OEX</b>: S&P 100 Index <b>ARL</b>: Active Resistance Line</i></span><br /><span style="font-size: xx-small;"><i><b>NDX</b>: NASDAQ 100 Index <b>DTL</b>: Dynamic Trend Line </i></span><span style="font-size: xx-small;"><i> <b> </b></i></span><br /><span style="font-size: xx-small;"><i><b>TUL</b>: Tentative Uptrend Line<b> TDL</b></i></span><span style="font-size: xx-small;"><i>: Tentative Downtrend Line</i></span></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>TLR</b>: Trend Line Resistance<b> TLS</b></i></span><span style="font-size: xx-small;"><i>: Trend Line Support</i></span></span></div></div></div><div><span style="font-family: inherit;"><br /></span></div><p><b style="color: #333333; font-family: inherit; font-size: 13px;"><span style="font-size: xx-small;"><i>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.</i></span></b> </p>opaderhttp://www.blogger.com/profile/00254449349458297954noreply@blogger.comtag:blogger.com,1999:blog-8398896783592942313.post-46973138920985934972023-10-16T05:41:00.003-07:002023-10-29T08:20:00.684-07:00Earnings Reports Will Make Or Break Indices<p><b style="font-family: inherit;"><span><span style="background-color: white; color: #333333;">SGS Market Timer Status: </span><span style="line-height: 19.5px;"><span style="background-color: black;"><span style="color: #fcff01;"> </span><span style="color: red;">SHORT</span></span><span><span><span><span style="color: #04ff00;"><span><span><span><span><span style="background-color: black;"> </span><span style="background-color: black;"><br /></span></span></span></span></span></span></span></span></span></span></span></b><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/09/sgs-market-timer-is-short.html" target="_blank"><b style="color: #333333;">SHORT as of the close of Friday Sep 22</b><b style="color: #333333;">, 2023</b></a><br /></span></i><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/09/sgs-market-timer-is-neutral.html" target="_blank"><span style="color: #333333;"><b>Previous</b></span><span style="color: #333333;"><b> SGS Status</b></span></a></span></i></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><span><span><a href="http://www.balancetrading.org/2020/02/answers-to-frequently-asked-questions.html" style="color: blue; font-style: italic; font-weight: bold;" target="_blank">SGS</a><span><b style="color: #333333; font-style: italic;"> is a Long-Term (weeks to months) Timer</b><br /><a href="https://docs.google.com/spreadsheets/d/1JwiXJwQC4slIMeU4VjnfTsXEk8wKpwp7/edit#gid=1087907588" style="color: #333333; font-style: italic;" target="_blank"><b>SGS </b><b>Performance</b><b> Data</b></a><i style="color: #333333;"> </i><br /></span></span></span><b><b style="color: #333333;"><i><a href="http://www.balancetrading.org/2017/10/why-market-timing-is-must.html" target="_blank">Why Market Timing Is A Must</a></i></b></b></span></span></p><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><div class="separator" style="clear: both; text-align: left;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: bold; text-align: justify;"><u>SGS Market Timer</u></span></div></div></div></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div class="separator" style="clear: both; text-align: left;"><br /></div></span></span></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div style="text-align: left;">As of the close of last Friday (10/13), the value of SGS was calculated to be -409. The status of SGS remains SHORT. </div><div style="text-align: left;"><br /></div></span></span></div></div><div><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: 700; text-align: justify;"><u>S&P 500 Support And Resistance Levels</u></span></div><div style="text-align: justify;"><div class="separator" style="clear: both; text-align: left;"><div class="separator" style="clear: both;"><span style="background-color: white; color: #1d2129; text-align: justify;"><span><div style="text-align: left;"><span style="color: #1d2129; font-family: inherit;"><div class="separator" style="clear: both; text-align: center;"><div class="separator" style="clear: both;"><br /></div></div></span></div></span></span></div></div></div><div><div><div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhumMzin9Q8g4WmpKfOSj7MzS7Upyl93mSjvaqX6ixzsEvwXGy5M3IE39m0LIwk5t8ofjcwgU0q78up1ywsnqZ8SDRCLb2I-9GsbZQNGeX4LBBKoglDKFh33wg5QqH3kXn5dxqAUavZDI6xu1V_vNnNua0QGQE1d_DCwQURLU4OpZye8KXsqiBJ9BNTkYA6/s1916/20231013%20W-SPX.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="1916" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhumMzin9Q8g4WmpKfOSj7MzS7Upyl93mSjvaqX6ixzsEvwXGy5M3IE39m0LIwk5t8ofjcwgU0q78up1ywsnqZ8SDRCLb2I-9GsbZQNGeX4LBBKoglDKFh33wg5QqH3kXn5dxqAUavZDI6xu1V_vNnNua0QGQE1d_DCwQURLU4OpZye8KXsqiBJ9BNTkYA6/w400-h193/20231013%20W-SPX.png" width="400" /></a></div>Support and resistance levels for SPX for this week are shown above. </span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><br /></span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u>My Plan</u></i></span></b></div></div><div><div style="text-align: justify;"><span style="font-family: inherit;"><span style="color: #1d2129; text-align: left;"><div><span style="background-color: white; text-align: justify;"><br /></span></div><div style="text-align: justify;"><span style="background-color: white;">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.</span></div><div style="text-align: justify;"><br /></div></span></span></div><div><span style="font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=0" style="color: blue;" target="_blank"><b>Current Long-Term Portfolio</b></a></span></div><div><span style="background-color: white; color: blue; font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=1" target="_blank"><b>Past Long-Term Portfolios</b></a></span></div><div><br /></div></div></div><div><div style="color: #333333;"><span style="font-family: inherit;"><i style="background-color: #e0e0e0;"><span style="background-color: white;"><a href="http://twitter.com/balancetrading" style="color: blue;" target="_blank">twitter</a><br />opader@gmail.com</span></i><br /><span><br /></span></span></div><div style="color: #333333;"><span style="font-family: inherit;"><br /></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>SPX</b>: S&P 500 Index <b>SMA</b>: Simple Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJI</b>: Dow Jones Industrial Index <b>EMA</b>: Exponential Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJT</b>: Dow Jones Transportation Index <b>PDL</b>: Primary Downtrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>NAZ</b>: NASDAQ Composite Index <b>PUL</b>: Primary Uptrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>RUT</b>: Russell 2000 Index <b>ASL</b>: Active Support Line</i></span><br /><span style="font-size: xx-small;"><i><b>OEX</b>: S&P 100 Index <b>ARL</b>: Active Resistance Line</i></span><br /><span style="font-size: xx-small;"><i><b>NDX</b>: NASDAQ 100 Index <b>DTL</b>: Dynamic Trend Line </i></span><span style="font-size: xx-small;"><i> <b> </b></i></span><br /><span style="font-size: xx-small;"><i><b>TUL</b>: Tentative Uptrend Line<b> TDL</b></i></span><span style="font-size: xx-small;"><i>: Tentative Downtrend Line</i></span></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>TLR</b>: Trend Line Resistance<b> TLS</b></i></span><span style="font-size: xx-small;"><i>: Trend Line Support</i></span></span></div></div></div><div><span style="font-family: inherit;"><br /></span></div><p><b style="color: #333333; font-family: inherit; font-size: 13px;"><span style="font-size: xx-small;"><i>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.</i></span></b> </p>opaderhttp://www.blogger.com/profile/00254449349458297954noreply@blogger.comtag:blogger.com,1999:blog-8398896783592942313.post-40140849707300552292023-10-08T06:47:00.003-07:002023-10-29T08:20:17.487-07:00Bull-leg Support Tested And Held<p><b style="font-family: inherit;"><span><span style="background-color: white; color: #333333;">SGS Market Timer Status: </span><span style="line-height: 19.5px;"><span style="background-color: black;"><span style="color: #fcff01;"> </span><span style="color: red;">SHORT</span></span><span><span><span><span style="color: #04ff00;"><span><span><span><span><span style="background-color: black;"> </span><span style="background-color: black;"><br /></span></span></span></span></span></span></span></span></span></span></span></b><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/09/sgs-market-timer-is-short.html" target="_blank"><b style="color: #333333;">SHORT as of the close of Friday Sep 22</b><b style="color: #333333;">, 2023</b></a><br /></span></i><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/09/sgs-market-timer-is-neutral.html" target="_blank"><span style="color: #333333;"><b>Previous</b></span><span style="color: #333333;"><b> SGS Status</b></span></a></span></i></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><span><span><a href="http://www.balancetrading.org/2020/02/answers-to-frequently-asked-questions.html" style="color: blue; font-style: italic; font-weight: bold;" target="_blank">SGS</a><span><b style="color: #333333; font-style: italic;"> is a Long-Term (weeks to months) Timer</b><br /><a href="https://docs.google.com/spreadsheets/d/1JwiXJwQC4slIMeU4VjnfTsXEk8wKpwp7/edit#gid=1087907588" style="color: #333333; font-style: italic;" target="_blank"><b>SGS </b><b>Performance</b><b> Data</b></a><i style="color: #333333;"> </i><br /></span></span></span><b><b style="color: #333333;"><i><a href="http://www.balancetrading.org/2017/10/why-market-timing-is-must.html" target="_blank">Why Market Timing Is A Must</a></i></b></b></span></span></p><p><br /></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><b></b></span></span></p><div class="separator" style="clear: both; text-align: center;"><span style="font-family: inherit;"><span style="font-size: x-small;"><b><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgimBrm5AwozrAJPA6AHeml3pp_08w6u22_4z5BwEGJRXbKVC2_YaOkND5CNG_8g09fCugL1MLFQvnBCljAu_wGZ931slTDE_TQfipyRioacW4-L3pw4NFUg1lDFzSrfpzkYJ4PTB8jxWOTP2M77lodIpxBNh7llLLJMcGuDhV-Emw5ocDQx7CTqXgGBPxo/s1916/20231006%20W-SPY.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="1916" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgimBrm5AwozrAJPA6AHeml3pp_08w6u22_4z5BwEGJRXbKVC2_YaOkND5CNG_8g09fCugL1MLFQvnBCljAu_wGZ931slTDE_TQfipyRioacW4-L3pw4NFUg1lDFzSrfpzkYJ4PTB8jxWOTP2M77lodIpxBNh7llLLJMcGuDhV-Emw5ocDQx7CTqXgGBPxo/w400-h193/20231006%20W-SPY.png" width="400" /></a></b></span></span></div><p></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><span style="color: #333333; font-size: medium;">Last Friday, SPY tested and breached its TUL-2 but it closed well above that important support line. That is bullish, however, in light of what is happening in the Middle East, there is a good chance that SPY sells off to test support around 410 early this week.</span></span></span></p><div class="separator" style="clear: both; text-align: justify;"><div class="separator" style="clear: both; text-align: left;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: bold; text-align: justify;"><u>SGS Market Timer</u></span></div></div></div></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div class="separator" style="clear: both; text-align: left;"><br /></div></span></span></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div style="text-align: left;">As of the close of last Friday (10/6), the value of SGS was calculated to be -608. The status of SGS remains SHORT. </div><div style="text-align: left;"><br /></div></span></span></div></div><div><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: 700; text-align: justify;"><u>S&P 500 Support And Resistance Levels</u></span></div><div style="text-align: justify;"><div class="separator" style="clear: both; text-align: left;"><div class="separator" style="clear: both;"><span style="background-color: white; color: #1d2129; text-align: justify;"><span><div style="text-align: left;"><span style="color: #1d2129; font-family: inherit;"><div class="separator" style="clear: both; text-align: center;"><div class="separator" style="clear: both;"><br /></div></div></span></div></span></span></div></div></div><div><div><div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiL57OXjZ15Oa5IhLurE9-eVOoyPeaJ-5Cx7KGTcZ0Z7bg5_5aaKpgoQGdOPq337aQKyS1bKLvZgZIbW4NXnyTEmB6TynJGwlSbCL84XNsLh4yG6ugpZt4pSr219r-lqbf_GIfksvYIN1WiHtu2Q6vRsc4QPWWqtOeerrA8oAx0FHXibMUUQrhD-FOwn2Y7/s1916/20231006%20W-SPX.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="1916" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiL57OXjZ15Oa5IhLurE9-eVOoyPeaJ-5Cx7KGTcZ0Z7bg5_5aaKpgoQGdOPq337aQKyS1bKLvZgZIbW4NXnyTEmB6TynJGwlSbCL84XNsLh4yG6ugpZt4pSr219r-lqbf_GIfksvYIN1WiHtu2Q6vRsc4QPWWqtOeerrA8oAx0FHXibMUUQrhD-FOwn2Y7/w400-h193/20231006%20W-SPX.png" width="400" /></a></div>Support and resistance levels for SPX for this week are shown above. </span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><br /></span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u>My Plan</u></i></span></b></div></div><div><div style="text-align: justify;"><span style="font-family: inherit;"><span style="color: #1d2129; text-align: left;"><div><span style="background-color: white; text-align: justify;"><br /></span></div><div style="text-align: justify;"><span style="background-color: white;">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.</span></div><div style="text-align: justify;"><br /></div></span></span></div><div><span style="font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=0" style="color: blue;" target="_blank"><b>Current Long-Term Portfolio</b></a></span></div><div><span style="background-color: white; color: blue; font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=1" target="_blank"><b>Past Long-Term Portfolios</b></a></span></div><div><br /></div></div></div><div><div style="color: #333333;"><span style="font-family: inherit;"><i style="background-color: #e0e0e0;"><span style="background-color: white;"><a href="http://twitter.com/balancetrading" style="color: blue;" target="_blank">twitter</a><br />opader@gmail.com</span></i><br /><span><br /></span></span></div><div style="color: #333333;"><span style="font-family: inherit;"><br /></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>SPX</b>: S&P 500 Index <b>SMA</b>: Simple Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJI</b>: Dow Jones Industrial Index <b>EMA</b>: Exponential Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJT</b>: Dow Jones Transportation Index <b>PDL</b>: Primary Downtrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>NAZ</b>: NASDAQ Composite Index <b>PUL</b>: Primary Uptrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>RUT</b>: Russell 2000 Index <b>ASL</b>: Active Support Line</i></span><br /><span style="font-size: xx-small;"><i><b>OEX</b>: S&P 100 Index <b>ARL</b>: Active Resistance Line</i></span><br /><span style="font-size: xx-small;"><i><b>NDX</b>: NASDAQ 100 Index <b>DTL</b>: Dynamic Trend Line </i></span><span style="font-size: xx-small;"><i> <b> </b></i></span><br /><span style="font-size: xx-small;"><i><b>TUL</b>: Tentative Uptrend Line<b> TDL</b></i></span><span style="font-size: xx-small;"><i>: Tentative Downtrend Line</i></span></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>TLR</b>: Trend Line Resistance<b> TLS</b></i></span><span style="font-size: xx-small;"><i>: Trend Line Support</i></span></span></div></div></div><div><span style="font-family: inherit;"><br /></span></div><p><b style="color: #333333; font-family: inherit; font-size: 13px;"><span style="font-size: xx-small;"><i>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.</i></span></b> </p>opaderhttp://www.blogger.com/profile/00254449349458297954noreply@blogger.comtag:blogger.com,1999:blog-8398896783592942313.post-10011808570278079802023-09-30T17:59:00.004-07:002023-09-30T18:02:09.408-07:00Indices Are Oversold And Primed To Rally Higher<p><b style="font-family: inherit;"><span><span style="background-color: white; color: #333333;">SGS Market Timer Status: </span><span style="line-height: 19.5px;"><span style="background-color: black;"><span style="color: #fcff01;"> </span><span style="color: red;">SHORT</span></span><span><span><span><span style="color: #04ff00;"><span><span><span><span><span style="background-color: black;"> </span><span style="background-color: black;"><br /></span></span></span></span></span></span></span></span></span></span></span></b><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/09/sgs-market-timer-is-short.html" target="_blank"><b style="color: #333333;">SHORT as of the close of Friday Sep 22</b><b style="color: #333333;">, 2023</b></a><br /></span></i><i style="font-family: inherit;"><span style="font-size: x-small;"><a href="http://www.balancetrading.org/2023/09/sgs-market-timer-is-neutral.html" target="_blank"><span style="color: #333333;"><b>Previous</b></span><span style="color: #333333;"><b> SGS Status</b></span></a></span></i></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><span><span><a href="http://www.balancetrading.org/2020/02/answers-to-frequently-asked-questions.html" style="color: blue; font-style: italic; font-weight: bold;" target="_blank">SGS</a><span><b style="color: #333333; font-style: italic;"> is a Long-Term (weeks to months) Timer</b><br /><a href="https://docs.google.com/spreadsheets/d/1JwiXJwQC4slIMeU4VjnfTsXEk8wKpwp7/edit#gid=1087907588" style="color: #333333; font-style: italic;" target="_blank"><b>SGS </b><b>Performance</b><b> Data</b></a><i style="color: #333333;"> </i><br /></span></span></span><b><b style="color: #333333;"><i><a href="http://www.balancetrading.org/2017/10/why-market-timing-is-must.html" target="_blank">Why Market Timing Is A Must</a></i></b></b></span></span></p><p><span style="font-family: inherit;"><span style="font-size: x-small;"><b><b style="color: #333333;"><br /></b></b></span></span></p><div class="separator" style="clear: both; text-align: justify;"><div class="separator" style="clear: both; text-align: left;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: bold; text-align: justify;"><u>SGS Market Timer</u></span></div></div></div></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div class="separator" style="clear: both; text-align: left;"><br /></div></span></span></div></div><div><div style="text-align: justify;"><span style="color: #333333;"><span style="color: #333333; font-family: inherit;"><div style="text-align: left;">As of the close of last Friday (9/22), the value of SGS was calculated to be -424. The status of SGS changed remains SHORT. </div><div style="text-align: left;"><br /></div></span></span></div></div><div><span style="color: #333333; font-family: inherit; font-style: italic; font-weight: 700; text-align: justify;"><u>S&P 500 Support And Resistance Levels</u></span></div><div style="text-align: justify;"><div class="separator" style="clear: both; text-align: left;"><div class="separator" style="clear: both;"><span style="background-color: white; color: #1d2129; text-align: justify;"><span><div style="text-align: left;"><span style="color: #1d2129; font-family: inherit;"><div class="separator" style="clear: both; text-align: center;"><div class="separator" style="clear: both;"><br /></div></div></span></div></span></span></div></div></div><div><div><div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKEvNq9NG4mAv0wXJMju6cbhFhAq0DHrwK78MJbRdRcJHBzNunPjibpnsvksZR7Bk2InVb_Fz_8RuNPDLBjGb4c_3Lzs0cmhHIIwVKx8nwa2ablZJiQEXAkyesQvsQxzwB47IDBZNXp14Q6tMvBVTIriTFmKaAiz1zWmCsxPg6g0baEo7zCkkISy2RYI2i/s1916/20230929%20W-SPX.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="1916" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKEvNq9NG4mAv0wXJMju6cbhFhAq0DHrwK78MJbRdRcJHBzNunPjibpnsvksZR7Bk2InVb_Fz_8RuNPDLBjGb4c_3Lzs0cmhHIIwVKx8nwa2ablZJiQEXAkyesQvsQxzwB47IDBZNXp14Q6tMvBVTIriTFmKaAiz1zWmCsxPg6g0baEo7zCkkISy2RYI2i/w400-h193/20230929%20W-SPX.png" width="400" /></a></div>Support and resistance levels for SPX for this week are shown above. Chances are good that the recent correction has run its course.</span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><span style="color: #1d2129; font-weight: 400;"><br /></span></span></b></div><div style="text-align: justify;"><b style="text-align: left;"><span style="background-color: white; font-family: inherit;"><i><u>My Plan</u></i></span></b></div></div><div><div style="text-align: justify;"><span style="font-family: inherit;"><span style="color: #1d2129; text-align: left;"><div><span style="background-color: white; text-align: justify;"><br /></span></div><div style="text-align: justify;"><span style="background-color: white;">I <a href="https://twitter.com/balancetrading/status/1706672814529642539" target="_blank">closed my long positions</a>, except for two small crypto positions, last Tuesday. My plan is to wait for SGS to change to LONG before opening new long positions. </span></div><div><br /></div><div><br /></div></span></span></div><div><span style="font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=0" style="color: blue;" target="_blank"><b>Current Long-Term Portfolio</b></a></span></div><div><span style="background-color: white; color: blue; font-family: inherit; font-size: x-small;"><a href="https://docs.google.com/spreadsheets/d/13OFiczYqzPlF8uMx3RfXdPj-vtWWklhD_C2Jbbo_0BU/edit?authkey=CI-OieEC&hl=en&hl=en&authkey=CI-OieEC#gid=1" target="_blank"><b>Past Long-Term Portfolios</b></a></span></div><div><br /></div></div></div><div><div style="color: #333333;"><span style="font-family: inherit;"><i style="background-color: #e0e0e0;"><span style="background-color: white;"><a href="http://twitter.com/balancetrading" style="color: blue;" target="_blank">twitter</a><br />opader@gmail.com</span></i><br /><span><br /></span></span></div><div style="color: #333333;"><span style="font-family: inherit;"><br /></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>SPX</b>: S&P 500 Index <b>SMA</b>: Simple Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJI</b>: Dow Jones Industrial Index <b>EMA</b>: Exponential Moving Average</i></span><br /><span style="font-size: xx-small;"><i><b>DJT</b>: Dow Jones Transportation Index <b>PDL</b>: Primary Downtrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>NAZ</b>: NASDAQ Composite Index <b>PUL</b>: Primary Uptrend Line</i></span><br /><span style="font-size: xx-small;"><i><b>RUT</b>: Russell 2000 Index <b>ASL</b>: Active Support Line</i></span><br /><span style="font-size: xx-small;"><i><b>OEX</b>: S&P 100 Index <b>ARL</b>: Active Resistance Line</i></span><br /><span style="font-size: xx-small;"><i><b>NDX</b>: NASDAQ 100 Index <b>DTL</b>: Dynamic Trend Line </i></span><span style="font-size: xx-small;"><i> <b> </b></i></span><br /><span style="font-size: xx-small;"><i><b>TUL</b>: Tentative Uptrend Line<b> TDL</b></i></span><span style="font-size: xx-small;"><i>: Tentative Downtrend Line</i></span></span></div><div style="color: #333333; font-size: 13px;"><span style="background-color: white; font-family: inherit;"><span style="font-size: xx-small;"><i><b>TLR</b>: Trend Line Resistance<b> TLS</b></i></span><span style="font-size: xx-small;"><i>: Trend Line Support</i></span></span></div></div></div><div><span style="font-family: inherit;"><br /></span></div><p><b style="color: #333333; font-family: inherit; font-size: 13px;"><span style="font-size: xx-small;"><i>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.</i></span></b> </p>opaderhttp://www.blogger.com/profile/00254449349458297954noreply@blogger.com