Sunday, July 9, 2023

SGS Market Timer Is NEUTRAL

SGS Market Timer Status:  NEUTRAL 
NEUTRAL as of the close of Friday July 7, 2023
Previous SGS Status

SGS is a Long-Term (weeks to months) Timer
SGS Performance Data 
Why Market Timing Is A Must

 
Starting this week, companies report their Q2 earnings and share their outlook for 2023-Q3 and Q4.  If earning reports and outlook are good, indices would continue their advance higher.


SGS Market Timer

As of the close of last Friday (7/7), the value of SGS was calculated to be +30.  The status of SGS changed from LONG to NEUTRAL.


S&P 500 Support And Resistance Levels

Support and resistance levels for SPX for this week are shown above.


My Plan

I'm planning to stay with my long positions.  Chances are good that earnings and  outlook are going to be good and indices resume their advance higher.




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. 

on