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 (10/4), the value of SGS was calculated to be +202 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.
My Plan
Last Wednesday I closed all of my positions and moved entirely into cash. Considering the current situation in the Middle East, the high likelihood of disputes over the upcoming presidential election in November potentially delaying the government transition for weeks or even months, and the overall economic uncertainty, I believe it’s wise to stay on the sidelines for now.
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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
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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