SPX Is On Its Way to 6,000

SGS Market Timer Status:  LONG 
LONG as of the close of Friday August 16, 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 (8/23), the value of SGS was calculated to be +243 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. There is a good chance that SPX rallies to new a new all-time high and beyond.

My Plan

Per my plan I closed my long positions last Wednesday. With SGS being Long now, my plan is to open new long 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.  

SGS Market Timer Is Long

SGS Market Timer Status:  LONG 
LONG as of the close of Friday August 16, 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 (8/16), the value of SGS was calculated to be +24 and the status of SGS changed from Neutral to Long.

S&P 500 Support And Resistance Levels

The support and resistance levels for the current week in the SPX are shown above. There is a good chance that SPX rallies to new a new all-time high and beyond.

My Plan

Per my plan I closed my long positions last Wednesday. With SGS being Long now, my plan is to open new long 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.  

SGS Market Timer Is Neutral

SGS Market Timer Status:  NEUTRAL 
NEUTRAL as of the close of Friday August 9, 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 (8/9), the value of SGS was calculated to be -111 and the status of SGS changed from Long to Neutral.

S&P 500 Support And Resistance Levels

The support and resistance levels for the current week in the SPX are shown above. There is a good chance that the rally that started last Monday continues.

My Plan

With SGS being Neutral now, my plan is to monitor indices and close my long positions if needed.

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.     

Bought 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 (8/2), the value of SGS was calculated to be +144 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. I don't think we're heading into a recession, I bought the dip.

My Plan

With SGS being long, I added to my long positions in SPY, QQQ, and SMH again last Friday.

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.