SGS Market Timer Status: LONG
LONG as of the close of Friday August 27, 2021
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must
Indices are heading higher.
SGS Market Timer
As of the close of last Friday (8/27), the value of SGS was calculated to be +401 and the status of SGS changed from SHORT to LONG.
S&P 500 Support And Resistance Levels
Support and resistance levels for SPX for next week are shown above.
My Plan
Anticipating the change of status for SGS from SHORT to LONG, I opened new long positions last week. On Tuesday, I bought MRNA and IWM, on Wednesday, I bought SPY, ADBE, and NVDA, on Thursday, I bought QQQ and INTU, and on Friday, I bought INSP.
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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