SGS Market Timer Status: LONG
LONG as of the close of Friday Oct 25, 2019
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
Support and resistance levels for SPX for this week are show above. I expect RUT and DJT to follow DJI, SPX, NAZ, OEX, NDX and put in new all-time highs soon.
I'm using SGS-ST to manage my long-term money accounts. Last Thursday, SGS-ST changed from long to neutral (overbought condition was triggered). I closed my SPXL position. I'm in cash waiting for SGS-ST next signal, either long or short.
LONG as of the close of Friday Oct 25, 2019
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
As the Fed's latest QE money ($60 billion per month) finds its way into equities, indices keep on grinding higher and higher. The Fed is going to continue on with their latest QE at least until end of 2020-Q2 and hence it's all clear between now and then. BTFD.
SGS advanced last week confirming new all-time highs for DJI, SPX, NAZ, OEX, and NDX.
My Plan
I'm using SGS-ST to manage my long-term money accounts. Last Thursday, SGS-ST changed from long to neutral (overbought condition was triggered). I closed my SPXL position. I'm in cash waiting for SGS-ST next signal, either long or short.
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
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.
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.
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