Thursday, December 2, 2010

Profit Taking Friday .....

SGS is Long (as of close of 12/1/2010).

RTS 20101202 Long Portfolio 

There is a good chance that we see profit taking tomorrow which might push SPX down to back test its 13D EMA around lower 1200.  I think that would be a good place to start opening long positions.

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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