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
What worries financial markets is not inflation or high interest rates, it is whether or not there is a recession ahead. A good predictor of a recession is continued selling of small cap. stocks.
If Russell 2000, on its weekly chart shown above, sells off and breaches its support (red), there is a good chance that the economy is either in a recession or enters into a recession soon. A rally and a close above the resistance line (green) in the next couple of weeks would indicate that the chance of a recession is slim.
As of the close of last Friday (5/5), the value of SGS was calculated to be -251. 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.
No change, I'm 95% in cash and my plan is to stay in cash for now. Cash is earning around 4% at Fidelity.
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.