Sunday, April 28, 2024

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.

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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. 

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