Monday, August 22, 2011

Bottom Building Is In Progress

SGS is Neutral (as of close of 8/9/2011)
RTS is in CASH (Bench Mark)

My Long Term Portfolio
I'm 50% in (IWM, QQQ, SPY equal $)

Despite indices losing most of their earlier gains into the close, there was hardly any wholesale liquidation of equities.  This signals that a bottom is being formed and chances of major indices moving substantially lower (greater than 5%) is remote. 

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.