Wednesday, April 27, 2011

Market Is Overbought - Slight Correction Very Likely

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

 Chances are good for SPX to sell off intraday to back test the new neckline around SPX 1336 sometime tomorrow or Friday.  I would be a buyer of that dip.

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.