Sunday, October 11, 2020

SGS Market Timer Is LONG

SGS  Market Timer Status:  LONG 
LONG as of the close of Friday Oct 9, 2020
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must


SGS Market Timer

As of close of last Friday, the value of SGS is +235.  The status of SGS changed from NEUTRAL to LONG.


Support and resistance levels for SPX for next week are shown above.  


My Plan

Despite SGS being long, for now I'm staying on the sideline with 75% in cash.  I still have long positions  (25% of total capital) in GLD, SLV, and GBTC.  Also thinking about putting more money into GLD.



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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.
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