Tuesday, July 12, 2011

SGS Is Short

SGS is Short (as of close of 7/12/2011)
New RTS 20110713 Short Portfolio (Bench Mark)
Following 10 stocks will be sold short tomorrow 7/13/11 at the open:
RIMM  FNSR  CIEN  NVDA  SPLS  SWKS  AKAM  AIG  MS  CCL

My Long Term Portfolio
My Short Term Portfolio


SPX closed below its 50D SMA today.  It also back tested the recent primary down trend line (orange) and closed above it.  A close below that trend line would be very bearish and I think it very likely happens sometime this week.

I'm planning to scale into short positions tomorrow.  I will post details later tonight.

opader@gmail.com

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.