SGS Market Timer Status: LONG
LONG as of the close of Friday Nov 6, 2020
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
As the number of Covid-19 cases and deaths mounts, there is a chance that a fiscal stimulus package is passed by Congress and signed by Trump sometime before the end of the year. In that case, indices would surely rally into the new year. Without any stimulus, there is a good chance that indices go sideways and correct in time until January 5 when Georgia senate seats are decided.
SGS Market Timer
As of the close of last Friday (11/13), the value of SGS was calculated to be +183. The status of SGS remains LONG.
S&P 500 Support And Resistance Levels
Support and resistance levels for SPX for next week are shown above.
My Plan
Last week I closed my long positions in GLD and SLV. I opened two new long positions in GM and FDX. My plan is to stay 100% long for now.
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.
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