Sunday, February 27, 2011

New Highs for DJI and NDX Very Likely This Coming Week

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

The 3.7% sell off in SPX last week didn't seem to be anything other than a garden variety bull market correction which was healthy and needed.  There is a good chance that we see new highs in DJI, NDX and possibly SPX next week.  Those new high must be confirmed by new highs in RUT and TRAN in a reasonable time period (3 to 5 trading days).

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.