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
Simply put, so long as the Fed's new QE money finds its way into equity market, indices grind higher. Tariff drama will cause sell-offs but those dips should be bought.
SGS declined for most of the last week but on Friday it advanced, confirming the big rally on Friday.
Support and resistance levels for SPX for this are shown above.
Last Tuesday SGS-ST changed its status from Neutral to Short and I opened a position in SPXU. On Friday SGS-ST changed its status from Short to Neutral and I closed my position in SPXU. An hour later SGS-ST changed its status from Neutral to Long and I opened a new position is SPXL.
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
Simply put, so long as the Fed's new QE money finds its way into equity market, indices grind higher. Tariff drama will cause sell-offs but those dips should be bought.
My Plan
Last Tuesday SGS-ST changed its status from Neutral to Short and I opened a position in SPXU. On Friday SGS-ST changed its status from Short to Neutral and I closed my position in SPXU. An hour later SGS-ST changed its status from Neutral to Long and I opened a new position is SPXL.
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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