SGS Market Timer Status: SHORT
SHORT as of the close of Thursday April 6, 2023
Previous SGS Status
SGS is a Long-Term (weeks to months) Timer
SGS Performance Data
Why Market Timing Is A Must
As of close last Friday, as shown above, SPY has retraced back half of its decline from its all-time high (479) to its low of last October (348). Also, on its weekly chart above, a big bad bear flag has been formed. There is a good chance that SPY start to decline again due to poor earnings reports this week, breaching its lower price channel and confirming the bear flag. In that case, SPY very likely declines to test its last October low in the next couple of weeks.
SGS Market Timer
As of the close of last Thursday (4/21), the value of SGS was calculated to be -98. The status of SGS remains SHORT.
The performance of SGS for 2023 has been terrible. That's due to the fact that SGS is a trending following and lagging timer. Trend following timers fall apart by whipsawing in and out of the market when there is no trend in the market.
The performance of SGS for 2023 has been terrible. That's due to the fact that SGS is a trending following and lagging timer. Trend following timers fall apart by whipsawing in and out of the market when there is no trend in the market.
S&P 500 Support And Resistance Levels
My Plan
No change, I'm 95% in cash and my plan is to stay in cash for now. Cash is earning around 4% at Fidelity.
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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
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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