Thursday, October 6, 2011

Show Me The Money Or Else

SGS is LONG (As of close of 8/24/11) 
Indices rallied and closed right around their 20D SMA as expected.  Tomorrow bears have a chance to take indices way down if unemployment data massively disappoints.  Otherwise, indices will make an attempt to test their 50D SMA.  For SPX, that would be trading around 1180.

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.