Monday, April 18, 2011

Back Testing of SPX Active Down Trend Line Likely Today

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

A drop in indices to back test their recently broken down trend lines is very likely today.  For SPX a pull back to 1311 and possibly 1306 is very much in the cards.  As indices are pressured if there is no whole sale liquidation in the broader market, those dips are good opportunities 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