Tuesday, September 6, 2011

SPX Successfully Tested Important Support At 1140

SGS is LONG (As of close of 8/24/11) 
RTS 200110825 Long Portfolio (Bench Mark)

My Long Term Portfolio
I'm 50% in (IWM, QQQ, SPY equal $) and 16% in 10 RTS Stocks
Planning to add more  long positions at SPX 1121

SPX successfully tested its most recent up-trend line.  Today's recovery into the close from earlier sell off was impressive.   With a little bit of help from Europe tonight, indices should recover most of their last week's losses this week.

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.