Monday, July 18, 2011
You Can't Have A Bull Market Without Financial's and Semi's
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.
on 10:32:00 PM