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.

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