Wednesday, January 26, 2011

SPX Broke Through And Set A New 52 Week High

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

Today was an all around good day and 52 week new highs were set for SPX and Dow.  SPX broke through a secondary resistance line which would act as support should we get a "profit taking" intraday sell off which is very likely sometime this week.  What's really needed now is new highs for NAZ, RUT and TRAN, still very likely this week.

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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