Thursday, March 31, 2011

A Test of SPX 1320 Very Likely Tomorrow

SGS is Neutral (as of close of 3/28/2011)
RTS in Cash (Bench Mark)
My LT Portfolio

Both TRAN and RUT put in new 52 week closing highs today.  On SPX daily chart, 13 D-EMA crossed over 50 D-SMA signaling higher prices ahead.  In the very short term, indices are overbought and chances are good that  we see prices consolidate tomorrow.

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.