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).
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.
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).
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.
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