Sunday, December 18, 2011

Indices Are Oversold

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

Indices are over sold as they enter into a highly bullish week.  Chances are excellent that we see a rally this coming week sending SPX to around 1250.  My plan is to sell all my LT positions into that rally, very likely around SPX 1244 to 1249.

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.