A Bottom Or The Bottom?

SGS  Market Timer Status:  SHORT 
SHORT as of the close of Friday Jun 03, 2022
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

SGS Market Timer

As of the close of last Friday (6/24), the value of SGS was calculated to be -295 and the status of SGS remains SHORT. 

S&P 500 Support And Resistance Levels

Support and resistance levels for SPX for this week are shown above.  There is a good chance that the recent low for SPX (3636) was a bottom and not the bottom for the current bear market.  SPX very likely tests 3500 level sometime this week or next.

My Plan

I am planning to close my SDS positions sometime this week as SPX tests 3500.

Current Long-Term Portfolio

Past Long-Term Portfolios

twitter
opader@gmail.com

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. 

A Bottom Or The Bottom Is Near

SGS  Market Timer Status:  SHORT 
SHORT as of the close of Friday Jun 03, 2022
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Must

There is a good chance that indices reach a bottom or the bottom for the bear market sometime early this week.  Likely support levels that could be tested this week for SPX, NDX, and RUT are listed  below:

SPX:   3,500 (SPY:    350, 50.0% Fib. Retracement)

NDX: 10,500 (QQQ: 260, 61.8% Fib. Retracement)

RUT:  1,500 (IWM:  150, 61.8% Fib. Retracement)

SGS Market Timer

As of the close of last Friday (6/17), the value of SGS was calculated to be -1287 and the status of SGS remains SHORT. 

S&P 500 Support And Resistance Levels

Support and resistance levels for SPX for this week are shown above.  I still expect the Fed to intervene in one way or other to shore up indices as selling continues.  I thought once SPX reached 3500, we would see the Fed rushing in but after Powell's new conference last Wednesday, I don't think the Fed intervenes unless either bond spreads or a big hedge fund start to blow up.  Without Fed's intervention, SPX could sell further (blue arrows) between now and this fall to reach its PUL-1 (historic uptrend) around 2550.

My Plan

I am planning to close my SDS positions sometime this week as SPX tests 3500.

Current Long-Term Portfolio

Past Long-Term Portfolios

twitter
opader@gmail.com

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.  

QT Is In Progress ---> Selling Continues

SGS  Market Timer Status:  SHORT 
SHORT as of the close of Friday Jun 03, 2022
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Mus

The Federal Reserve's plan to fight inflation (raising interest rates and aggressively unwinding the balance sheet) is in progress now.  That plan will run the economy and financial markets into the ground.  At some point, hopefully sooner than later, the Fed will panic, and at the minimum, the Fed will stop its QT.  As Jamie Dimon explained it well last week, a financial storm is heading our way.

SGS Market Timer

As of the close of last Friday (6/10), the value of SGS was calculated to be -377 and the status of SGS remains SHORT. 

S&P 500 Support And Resistance Levels

Support and resistance levels for SPX for this week are shown above.  I expect the Fed to rush in to shore up indices once SPX starts to test 3500 sometime soon.  If the Fed does not intervene, SPX could sell further to 3200 - 2500 range.

My Plan

I am putting my remaining cash into SDS sometime this week.

Current Long-Term Portfolio

Past Long-Term Portfolios

twitter
opader@gmail.com

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.  

SGS Market Timer Is SHORT

SGS  Market Timer Status:  SHORT 
SHORT as of the close of Friday Jun 03, 2022
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
Why Market Timing Is A Mus

SGS Market Timer

As of the close of last Friday (6/3), the value of SGS was calculated to be -76 and the status of SGS changed from NEUTRAL to SHORT. 

S&P 500 Support And Resistance Levels

Support and resistance levels for SPX for this week are shown above.  I expect the Fed to rush in to shore up indices once SPX starts to test 3550 - 3500 levels sometime in the next couple of weeks.

My Plan

I didn't close my SDS positions, and now with SGS being SHORT again, my plan is to say with my SDS positions.

Current Long-Term Portfolio

Past Long-Term Portfolios

twitter
opader@gmail.com

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.