Correction In Time Continues

SGS Market Timer Status:  NEUTRAL 
NEUTRAL as as of the close of Friday June 7, 2024
Previous SGS Status

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

SGS Market Timer

As of the close of last Friday (6/28), the value of SGS was calculated to be -51 and the status of SGS remains NEUTRAL.

S&P 500 Support And Resistance Levels

The support and resistance levels for the current week in the SPX are shown above. No change since last week, correction in time continues.

My Plan

I'm sitting in cash for now.

Current Long-Term Portfolio

Past Long-Term Portfolios

twitter
opader@gmail.com

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line

TLR: Trend Line Resistance   TLS: Trend Line Support

Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.  

Correction In Time

SGS Market Timer Status:  NEUTRAL 
NEUTRAL as as of the close of Friday June 7, 2024
Previous SGS Status

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

SGS Market Timer

As of the close of last Friday (6/21), the value of SGS was calculated to be -90 and the status of SGS remains NEUTRAL.

S&P 500 Support And Resistance Levels

The support and resistance levels for the current week in the SPX are shown above. What is happening is very likely correction in time where indices remain relatively stable for a prolonged period of time without a significant rise or fall.

My Plan

I'm sitting in cash for now.

Current Long-Term Portfolio

Past Long-Term Portfolios

twitter
opader@gmail.com

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line

TLR: Trend Line Resistance   TLS: Trend Line Support

Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice. 

It's An Indecisive Sideways Market

SGS Market Timer Status:  NEUTRAL 
NEUTRAL as as of the close of Friday June 7, 2024
Previous SGS Status

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

SGS Market Timer

As of the close of last Friday (6/14), the value of SGS was calculated to be -40 and the status of SGS remains NEUTRAL.

S&P 500 Support And Resistance Levels

The support and resistance levels for the current week in the SPX are shown above. I am not sure which way indices are heading this week.

My Plan

Per my plan, I closed all my long positions, including my small positions in cryptos and TLT I closed all my long positions, including my small positions in cryptos and TLT, in my long-term accounts last Monday. I'm sitting in cash for now.

Current Long-Term Portfolio

Past Long-Term Portfolios

twitter
opader@gmail.com

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line

TLR: Trend Line Resistance   TLS: Trend Line Support

Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.  

SGS Market Timer is NEUTRAL

SGS Market Timer Status:  NEUTRAL 
NEUTRAL as as of the close of Friday June 7, 2024
Previous SGS Status

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

SGS Market Timer

As of the close of last Friday (6/7), the value of SGS was calculated to be -6 and the status of SGS changed from LONG to NEUTRAL.

S&P 500 Support And Resistance Levels

The support and resistance levels for the current week in the SPX are shown above.

My Plan

My plan is to close all long positions except for two small crypto positions and my long position in TLT.

Current Long-Term Portfolio

Past Long-Term Portfolios

twitter
opader@gmail.com

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line

TLR: Trend Line Resistance   TLS: Trend Line Support

Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice. 

No Change, Rally Continues

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

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

SGS Market Timer

As of the close of last Friday (5/31), the value of SGS was calculated to be +42 and the status of SGS remains LONG.

S&P 500 Support And Resistance Levels

The support and resistance levels for the current week in the SPX are shown above. Rally continues.

My Plan

Staying with my long positions.

Current Long-Term Portfolio

Past Long-Term Portfolios

twitter
opader@gmail.com

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line

TLR: Trend Line Resistance   TLS: Trend Line Support

Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.  

No Change, Rally Continues

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

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

SGS Market Timer

As of the close of last Friday (5/24), the value of SGS was calculated to be +118 and the status of SGS remains LONG.

S&P 500 Support And Resistance Levels

The support and resistance levels for the current week in the SPX are shown above. Rally continues.

My Plan

Per my plan, last week I opened a new long position in TLT and added to SPY, QQQ, and SMH positions. I'm planning to add to my TLT positions (another 10%) sometime this week.

Current Long-Term Portfolio

Past Long-Term Portfolios

twitter
opader@gmail.com

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line

TLR: Trend Line Resistance   TLS: Trend Line Support

Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.   

Rally Continues

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

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

SGS Market Timer

As of the close of last Friday (5/17), the value of SGS was calculated to be +262 and the status of SGS remains LONG.

S&P 500 Support And Resistance Levels

The support and resistance levels for the current week in the SPX are shown above. Rally continues.

My Plan

I am planning to open a new long position in TLT on Monday, also to add to my existing positions sometime early this week.

Current Long-Term Portfolio

Past Long-Term Portfolios

twitter
opader@gmail.com

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line

TLR: Trend Line Resistance   TLS: Trend Line Support

Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.  

A New SPX All-Time High Is Likely

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

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

SGS Market Timer

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

S&P 500 Support And Resistance Levels

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

My Plan

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

Current Long-Term Portfolio

Past Long-Term Portfolios

twitter
opader@gmail.com

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line

TLR: Trend Line Resistance   TLS: Trend Line Support

Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice. 

SGS Market Timer Is LONG

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

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

SGS Market Timer

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

S&P 500 Support And Resistance Levels

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

My Plan

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

Current Long-Term Portfolio

Past Long-Term Portfolios

twitter
opader@gmail.com

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line

TLR: Trend Line Resistance   TLS: Trend Line Support

Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice. 

SGS Market Timer Is NEUTRAL

SGS Market Timer Status:  NEUTRAL 
NEUTRAL  as of the close of Friday April 26, 2024
Previous SGS Status

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

SGS Market Timer

As of the close of last Friday (4/26), the value of SGS was calculated to be -100 and the status of SGS changed from SHORT to NEUTRAL.

S&P 500 Support And Resistance Levels

The SPX's support and resistance levels for the current week are displayed above. I don't know where indices are heading.

My Plan

Last week, I refrained from initiating any new positions. As for this week, my focus remains on meticulously tracking earnings reports and observing the performance of individual stocks upon their release. Additionally, the FOMC report is released on Wednesday, along with Jerome Powell's subsequent news conference. It's unlikely that I'll open any new positions before Wednesday, but should I do so, I'll promptly share my trades on Twitter as usual.

Current Long-Term Portfolio

Past Long-Term Portfolios

twitter
opader@gmail.com

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line

TLR: Trend Line Resistance   TLS: Trend Line Support

Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice. 

SGS Market Timer Is SHORT

SGS Market Timer Status:  SHORT 
SHORT  as of the close of Friday April 19, 2024
Previous SGS Status

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

SGS Market Timer

As of the close of last Friday (4/19), the value of SGS was calculated to be -226 and the status of SGS changed from NEUTRAL to SHORT.

S&P 500 Support And Resistance Levels

The SPX's support and resistance levels for the current week are displayed above. This week, several crucial companies are slated to release their reports. The market's trajectory over the next few weeks hinges on how indices respond to forecasts and the outlooks provided by these companies for 2024. It's highly probable that selling pressure persists, potentially leading to the testing of key support levels for the SPX indicated by red arrows.

My Plan

This week, I'm closely monitoring earnings reports and keeping an eye on how individual stocks perform upon their release. I'm considering reallocating 20% of my cash into SDS at some point soon. As per my routine, I'll share updates on this trade via Twitter as I execute it.

Current Long-Term Portfolio

Past Long-Term Portfolios

twitter
opader@gmail.com

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line

TLR: Trend Line Resistance   TLS: Trend Line Support

Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice. 

Geopolitics & Forecasts (Part 2)

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

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

SGS Market Timer

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

S&P 500 Support And Resistance Levels

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

My Plan

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

Current Long-Term Portfolio

Past Long-Term Portfolios

twitter
opader@gmail.com

SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line

TLR: Trend Line Resistance   TLS: Trend Line Support

Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.