SGS is Long (as of close of 12/1/2010)
RTS 20110103 Long Portfolio
Most immediate support for SPX is its 13 D-EMA around 1320. The next level support is the up trend line connecting lows of 2/24 and 3/2 (think red line) around 1310. A close below that support would make a test of 50 D-SMA almost a certainty sometime this week, possibly as early as Tuesday.
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
Most immediate support for SPX is its 13 D-EMA around 1320. The next level support is the up trend line connecting lows of 2/24 and 3/2 (think red line) around 1310. A close below that support would make a test of 50 D-SMA almost a certainty sometime this week, possibly as early as Tuesday.
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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