Wednesday, November 16, 2011

Oct 4 Rally Is Still Intact

SGS is LONG (As of close of 8/24/11) 
RTS 200110825 Long Portfolio (Bench Mark)
RTS is selling AXP and buying CSCO in its on 11/17/2011 at the open.

Indices went down hard as Market was closing.  That's never a good sign for bulls, but I think things are fine.  There was no sign that Big Money was unloading his long equity positions.  He was just manipulating cash indices via their future contracts.  Also, this is OPEX week so we have extra volatility. 

You see Big Money has big bills, needs to make money by rendering worthless those puts and calls he wrote.

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.