Wednesday, April 13, 2011

SPX Testing Support At 1300 Likely Tomorrow

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

Down trending price channels are very much intact for all five major indices.  Chances are good tomorrow for SPX to test psychologically important support at 1300.  My plan is to add more long positions to my ST  Portfolio if SPX sell off to 1301.

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