Wednesday, July 27, 2011

Leaders RUT And DJT About To Test Their 200D SMA

SGS is Short (as of close of 7/12/2011)
RTS 20110713 Short Portfolio (Bench Mark)
RTS covered SWKS and sold short UAL in its place today at the open (late post).

My Long Term Portfolio

Market sold off into the close on heavy volume.  RUT and DJT are about to test their 200D SMA, very likely tomorrow.  A close below 200D SMA for RUT and DJT  would be very bearish, signaling the high likelihood of other indices doing the same.

My plan is to add more shorts tomorrow as indices bounce higher early in the day.

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.