Wednesday, May 4, 2011

Tomorrow Is 50 / 50

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

If initial claims data is better than expected tomorrow, indices very likely turn and go up in the next few days to test recent highs.  Otherwise, they will sell off.  SPX could back test the active neck line around mid 1330's.  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.