Trump's Honeymoon

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 (11/29), the value of SGS was calculated to be +374 and the status of SGS remains Long.

S&P 500 Support And Resistance Levels

The support and resistance levels for the SPX this week are outlined above. Barring any extreme developments, such as a full-scale tariff war, a widespread crackdown on individuals (both U.S. citizens and others), or a major conflict in the Middle East, I believe there’s a strong likelihood that indices will continue their bull run, at least through the end of Trump’s honeymoon period, potentially extending into late Q1 or early Q2 of 2025.

My Plan

No change since last week, going forward, I am going to continue to look for opportunities to add to my long positions.

Current Long-Term Portfolio

Past Long-Term Portfolios

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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.