Tuesday, October 11, 2011

Market Internal Data Is Not Confirming Recent Sharp Rally

SGS is LONG (As of close of 8/24/11) 
Today NAZ, DJI, SPX and DJT traded above their 50D SMA for the second day in a row.  Also today, RUT closed slightly above its 50D SMA.  Market internal data including volume, however, is not painting a bullish picture.

My plan is to unload my LT portfolio somewhere around 1209 to 1214, hopefully sometime tomorrow.

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.