Tuesday, May 31, 2011

RUT, SPX and DJI Closed Above Their Down Trending Trend Lines

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

My Long Term Portfolio
My Intermediate Term  Portfolio
My Short Term Portfolio

Bulls could not have asked for a better day.  Indices rallied better than 1%, closed at the high of the day and small caps nicely out performed.  Volume was good and breadth was fantastic.  RUT, SPX and DJI closed nicely above their down trending trend lines.  To me, that means the likelihood of seeing major indices testing their recent multiyear highs is almost certain.


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.