SGS Market Timer Is NEUTRAL

SGS Market Timer Status:  NEUTRAL 
NEUTRAL  as of the close of Friday April 26, 2024
Previous SGS Status

SGS is a Long-Term (weeks to months) Timer
SGS & SGS-ST Performance Data 

SGS Market Timer

As of the close of last Friday (4/26), the value of SGS was calculated to be -100 and the status of SGS changed from SHORT to NEUTRAL.

S&P 500 Support And Resistance Levels

The SPX's support and resistance levels for the current week are displayed above. I don't know where indices are heading.

My Plan

Last week, I refrained from initiating any new positions. As for this week, my focus remains on meticulously tracking earnings reports and observing the performance of individual stocks upon their release. Additionally, the FOMC report is released on Wednesday, along with Jerome Powell's subsequent news conference. It's unlikely that I'll open any new positions before Wednesday, but should I do so, I'll promptly share my trades on Twitter as usual.

Current Long-Term Portfolio

Past Long-Term Portfolios

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. 

SGS Market Timer Is SHORT

SGS Market Timer Status:  SHORT 
SHORT  as of the close of Friday April 19, 2024
Previous SGS Status

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

SGS Market Timer

As of the close of last Friday (4/19), the value of SGS was calculated to be -226 and the status of SGS changed from NEUTRAL to SHORT.

S&P 500 Support And Resistance Levels

The SPX's support and resistance levels for the current week are displayed above. This week, several crucial companies are slated to release their reports. The market's trajectory over the next few weeks hinges on how indices respond to forecasts and the outlooks provided by these companies for 2024. It's highly probable that selling pressure persists, potentially leading to the testing of key support levels for the SPX indicated by red arrows.

My Plan

This week, I'm closely monitoring earnings reports and keeping an eye on how individual stocks perform upon their release. I'm considering reallocating 20% of my cash into SDS at some point soon. As per my routine, I'll share updates on this trade via Twitter as I execute it.

Current Long-Term Portfolio

Past Long-Term Portfolios

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. 

Geopolitics & Forecasts (Part 2)

SGS Market Timer Status:  NEUTRAL 
NEUTRAL  as of the close of Friday April 12, 2024
Previous SGS Status

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

SGS Market Timer

As of the close of last Friday (4/12), the value of SGS was calculated to be -15 and the status of SGS changed from LONG to NEUTRAL.

S&P 500 Support And Resistance Levels

The SPX's support and resistance levels for the current week are displayed above. There's a notable chance of Israel intensifying its involvement in the Middle East conflict, potentially leading to a several-day sell-off of a few percentage points. Furthermore, if companies' earnings reports and forecasts fall short of market expectations, indices might correct an additional 5% to 10% from their closing values last Friday.

My Plan

No change since last week, I'm 95% in cash and collecting around 5% in interest.  I have no plan to open any new long or short positions.

Current Long-Term Portfolio

Past Long-Term Portfolios

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. 

Forecasts & Geopolitics

SGS Market Timer Status:  LONG 
LONG  as of the close of Friday Jan 26, 2024
Previous SGS Status

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

SGS Market Timer

As of the close of last Friday (4/5), the value of SGS was calculated to be +161 and the status of SGS remains LONG.

S&P 500 Support And Resistance Levels

Support and resistance levels for SPX for this week are shown above.  Two important things are happening at the same time this week:

1. Companies start to report their Q1 earnings and more importantly their outlook and forecasts for the rest of the year.
   
   
2. Wars in the Middle East and Ukraine could escalate significantly and turn from isolated regional conflicts into more international conflicts with direct involvement of the West.  That would send Oil to $150 to $200 a barrel over night and crash equity markets across the globe.  What indices do between now and November will be very telling as far as who would win the election.  A multi-month significant selling (greater than 15%) would signal Trump as the next POTUS, otherwise it would be Biden. 

My Plan

I'm 95% in cash and collecting around 5% in interest.  For now I have no plan to open any new long or short positions.

Current Long-Term Portfolio

Past Long-Term Portfolios

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.