Monday, March 14, 2011

Bears Are In Charge ..... More Selling Very Likely

SGS is Neutral (as of close of 3/11/2010)
RTS In Cash


More selling very likely is coming our way because:
  • All five major indices (NAZ, DJI, SPX, RUT and TRAN) are trading below their 50 D-SMA.
  • All five major indices have broken through and back tested their primary up trend lines on their daily charts.
  • All five major indices have broken through their up trend lines on their weekly charts.
  • All five major indices are now down trending both in their daily and weekly charts.
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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.