Indices Are Still Overbought

SGS is LONG (As of close of 8/24/11) 

My Long Term Portfolio 

In CASH (closed all positions @ SPX 1254 on 12/22/2011)
 

By all measures indices are overbought.  Chances are good that SPX tests its 1290-1280 support range sometime this week.  I'm still in cash.  Should we get the correction I'm looking for, my plan is to scale (25%)  into a basket of 10 top ranked RTS stocks (to be posted later, 50%) and 4 index ETF's (DIA, QQQ, IWM and SPY, 50%).

Face Book

Twitter

opader@gmail.com

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.

Indices Are Overbought

SGS is LONG (As of close of 8/24/11) 

My Long Term Portfolio 

In CASH (closed all positions @ SPX 1254 on 12/22/2011)
 

SPX is up roughly around 10% since mid Dec lows, a month ago. Gains at a rate of 10% in a month are not sustainable, imo. I think a healthy pull back to 1290-1280 is very much in the cards and we probably see it this coming week.

I'm still in cash.  Should we get the correction I'm looking for, my plan is to scale into (25%) a basket of 10 top ranked RTS stocks (to be posted later, 50%) and 4 index ETF's (DIA, QQQ, IWM and SPY, 50%).

Face Book

Twitter

opader@gmail.com

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.

Indices Are Still Overbought

SGS is LONG (As of close of 8/24/11) 

My Long Term Portfolio 

In CASH (closed all positions @ SPX 1254 on 12/22/2011) 

Indices are over bought, slightly more overbought than last week.  I believe there is a correction coming.  My simple chart analysis shows that there is a good chance SPX sells down to the support zone of 1245 to 1255. My plan is to scale (25%) into long positions at SPX 1251.  I'm buying 50% into a basket of 10 top ranked RTS stocks (STX, NUAN, FAST, ROST, ALXN, AMGN, ORLY, GRMN, CELG, and HD) and 4 index ETF's (DIA, QQQ, IWM and SPY).

Face Book

Twitterrns

opader@gmail.com

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.

Indices Are Overbought ... A Correction Is Coming

SGS is LONG (As of close of 8/24/11) 

My Long Term Portfolio 

In CASH (closed all positions @ SPX 1254 on 12/22/2011)

 

 The rise in indices last week were all due to manipulations of index futures.  There was hardly any buying or short covering in individual issues.  Indices are overbought and chances are good we see a correction this coming week.  For SPX, a correction to back test 200, 20 and 50 DSMA's is very much in the cards. 

My plan is to scale (25%) into long positions at SPX 1241.  My plan is to buy into a basket of 10 RTS top ranked stocks and 4 index ETF's (DIA, QQQ, IWM and SPY).

Face Book

Twitterrns

opader@gmail.com

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.

First Trading Day of 2012

SGS is LONG (As of close of 8/24/11) 

My Long Term Portfolio 

In CASH (closed all positions @ SPX 1254 on 12/22/2011)

Today's rally in cash indices was all due to trading of futures.  I am in cash and plan to watch indices from the sideline for a couple of more days.

I am not going to be posting everyday, I simply don't have the time.  I will post at least once a week (on Sundays) and definitely post if there are changes in  my long term portfolio (currently 100% in cash) or changes to my mechanical timer (SGS).

Face Book

Twitterrns

opader@gmail.com

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.