Thursday, January 13, 2011

Tomorrow, A Critical Day

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

SPX successfully tested its most immediate support line today.  I believe that decline was due to profit taking.  Tomorrow is a critical day and SPX needs to close above today's low.  A close below today's low by SPX and other major indices signals more selling to come next 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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