Sunday, April 16, 2023

So Far So Good

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


Last week a couple of big banks (JPM, C) beat their Q1 earnings and reported a rosy outlook for 2023.  So far so good and if most companies follow suit, there would be an excellent chance that we see a sizable rally for indices in the next few weeks.


SGS Market Timer

As of the close of last Thursday (4/13), the value of SGS was calculated to be -107.  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.


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
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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