Sunday, July 21, 2024

Buying The Dip

SGS Market Timer Status:  LONG 
LONG as of the close of Friday July 12, 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 (7/19), the value of SGS was calculated to be +353 and the status of SGS remains Long.

S&P 500 Support And Resistance Levels

The support and resistance levels for the current week in the SPX are shown above. Short-term indices are at extreme oversold levels, presenting a buying opportunity. I am buying the dip.
My Plan

Per my plan I open new long positions in SPY, QQQ, and SMH last Tuesday. My plan is to add to those positions (another 10% for a total of 30%) 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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