Friday, August 26, 2011

Indices Look Good

SGS is LONG (As of close of 8/24/11)

(will be updated this weekend)

My Long Term Portfolio
I'm 50% in (IWM, QQQ, SPY equal $)
I'm going to wait a few more days before adding more long positions.

Odds are substantially higher for a move to test recent SPX highs around 1200 to 1220 than a move to test recent SPX lows around 1120 to 1100. Hopefully Uncle Ben won't totally disappoint.

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.