Thursday, November 10, 2011

200 D-SMA Resistance Is Getting Weak

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

All five major indices are now trading below their 200 D-SMA, but  that wall of resistance has got a few big holes in it now and has become quite weak.  I expect indices to rally either tomorrow or early next week and close solidly above their 200 D-SMA's for the last time in 2011.

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.