SGS Market Timer Status: LONG
LONG as of the close of Friday July 23, 2021
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
It's the same story since March of 2009, the grind up continues and dips are buying opportunities. This very likely continues for a while, a long while.
SGS Market Timer
As of the close of last Friday (7/23), the value of SGS was calculated to be +214 and the status of SGS changed from NEUTRAL to LONG.
S&P 500 Support And Resistance Levels
Support and resistance levels for SPX for next week are shown above.
My Plan
I made significant changes to my long-term portfolio last week. I increased its passive component to 45% (SPY, QQQ, and IWM), reduced its active component to 50% (MRNA, GS, COF, AMAT, and NVDA), and reduced it crypto component to 5% (GBTC and ETHE).
I'm looking for a dip to buy more SPY.
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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