SGS is neutral and RTS is in cash. I think there is an excellent chance that 13 EMA support, which has held up since this rally started, would hold up again. If we, however, break through the support with relatively heavy volume and close solidly below it (somewhere in lower 1190's to upper 1180's) tomorrow, then there is a very good chance that we see more selling next week.
RTS portfolio has been update. RTS performace is summerized here :
Past RTS Portfolios
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Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice. Furthermore, the opinions expressed may change without notice.
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