Tuesday, August 11, 2009

Closing All Long Positions at SPX 999 or Higher

SGS is Long.

SPX 1019 didn't happen (SPX got as high as 1018 last Friday, very close but no cigar) and I'm still long on my 10 stocks. My new target to sell is SPX 999. I think there is a good chance that SPX goes down to mid to low 900 this month. I'll use that sell off to get back in long. Other possibility is that SPX continues to go higher after closing above 1000 for the second time. In that case, I'll look to get back in long at SPX 1026 or better.

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