Tuesday, January 11, 2011

A Melt Up .... Possibly Tomorrow With Europe's Help

SGS is Long (as of close of 12/1/2010)
RTS 20110103 Long Portfolio

Once again the fight is on for tomorrow.  I think bulls are going to have pulled bear meat with hot jalapenos sandwiches for lunch (Texan way, more specifically Austin's Whole Foods Market).  All we need is a tamed Portuguese bond auction.  I'll be watching Europe tomorrow before open.

Today, leaders TRAN and NDX put in new highs and Naz followed suit.  Tomorrow I think we'll see new highs in SPX  and with a little bit of luck in RUT.  That would be really nice.

If things don't go bulls' way, then a trip down to 13D EMA is very much in the cards for SPX.


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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