Sunday, May 1, 2011

Long Term - Indices look Fantastic / Very Short Term - Indices Are Overbought

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

SPX is overbought (to me that doesn't mean go and short SPX, it means it's time to take profit in short and intermediate term long positions,  also it means it's smart to wait to open  new  long positions).  A 1.5% to 2% drop is very much in the cards for this week.

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.