Thursday, October 20, 2011

Bulls Need A Solid Close Above SPX 1230 Soon

SGS is LONG (As of close of 8/24/11) 
RTS 200110825 Long Portfolio (Bench Mark)
Without a solid close (good volume and bullish internal data) above SPX 1230 soon, bulsl should forget about a Christmas rally this year.  The longer indices stay just below the upper boundary of the recent trading range the harder it would become to break through that boundary.

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.