Thursday, January 27, 2011

Situation in Egypt is the Wild Card for Tomorrow.

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

Externally and internally, Market looks excellent.  If things get nasty in Egypt over night, Market could sell off tomorrow down to lower 1290's to mid 1280's.  I think that dip is an excellent opportunity to add more long positions.  Personally I think Market will rally possibly to SPX 1314. I'm planning to unload my ST and IT into that rally if we get it.

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.