All long positions in RTS 20110404 will be closed (sold) tomorrow at the open
My Long Term Portfolio
My Short Term Portfolio
SPX dropped out of its down trending price channel (blue) and into a much steeper down trending price channel (orange). It also tested its 50D SMA with very little bounce. Tomorrow, SPX very likely retests its 50D SMA again and could close below it. The only thing that could save the bull run is fantastic earnings and guidance by companies. Of course, we should never underestimate the power of the QE side, but not likely until this fall.
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.