Thursday, October 13, 2011

A Swoosh Down To SPX 1170?

SGS is LONG (As of close of 8/24/11) 
RTS 200110825 Long Portfolio (Bench Mark)
All five major indices put in a lower low today. Except for NAZ, they also closed at a lower close.  There is a good chance that we see bears come out tomorrow.  If earnings disappoints tomorrow, a quick swoosh down to 50D SMA for SPX  around 1170 is very much in the cards.