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.

opader@gmail.com

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.

No comments:

Post a Comment