Monday, July 18, 2011

You Can't Have A Bull Market Without Financial's and Semi's

SGS is Short (as of close of 7/12/2011)
RTS 20110713 Short Portfolio (Bench Mark)

My Long Term Portfolio

Today, all major indices put in a lower high, a lower low and a lower close.  Selling very likely continues tomorrow with SPX probably closing below 1300.  That would significantly increase the possibility of 200D SMA test sometime this week.  Reviewing data tonight, I noticed financial's and Semi's are totally collapsing.  It doesn't look good for the bulls.

I'm still short and planning to add more shorts if SPX dips below 1300.

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.