Sunday, September 8, 2024

No Change Since Last Week

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 (9/6), the value of SGS was calculated to be +105 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. The employment data that was released on Friday was not as bad as feared. I think that chances are good that the US economy avoids a recession in 2024 or early 2025.
My Plan

For now I am staying with my long positions.

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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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