Tuesday, February 15, 2011

A Retest of 13D EMA for SPX Very Likely Now

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

Today all major indices closed in red with lower highs and lower lows.  That increases the odds for a sell off tomorrow.  I expect SPX to test its 13D EMA, currently around 1316, either tomorrow or on Thursday.  I believe that would be a good point to scale into long positions.


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.