Wednesday, December 15, 2010

The Big Fight Is On For Tomorrow

SGS is Long (as of close of 12/1/2010)
RTS 20101202 Long Portfolio

I think bulls have the upper hand and will win the fight tomorrow.  I expect SPX to bounce off it lower price channel line and resume its advance.  A close below that line, however, would be bearish which would very likely lead SPX to more selling on Friday.

Disclaimer: The views expressed are provided for information 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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