Tuesday, October 4, 2011

Bulls Need A Close Above SPX 1100 Today

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

I didn't get a chance to update my blog last night.  Today (Tuesday) cash indices are simply reacting to what's going on in the futures.  Big Money is not liquidating long positions, but hedging by selling index future contracts.

SPX closed below 1100 yesterday.  Bulls need a close at or above that key support level today.  Let's see where close today.

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.