Sunday, November 12, 2023

Government Shutdown Is A Buying Opportunity

SGS Market Timer Status:  SHORT 
SHORT  as of the close of Friday Sep 22, 2023
Previous SGS Status

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


SGS Market Timer

As of the close of last Friday (11/10), the value of SGS was calculated to be -286.  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.  Indices are still at extreme short-term overbought levels.  The uncertainty of a government shutdown very likely causes a sell-off this week.  That sell-off is a buying opportunity. 

My Plan

I am waiting for a sell-off to open new long positions.  There is a good chance that a sell-off occurs sometime this week.


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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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