Indices Are Overbought , A Correction Is Imminent

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 overbought.  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%).

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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)
 

By all measures indices are overbought.  Chances are good that SPX tests its 20 D-SMA support around 1330 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%).

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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.

Updated List - 10 RTS Stocks

My plan is scale in 25% into 10 RTS stocks (STX, DAL, UAL, GILD, ALXN, FAST, CA, ISRG, FFIV and GRMN, 50%) and 4 index ETF's (DIA, QQQ, IWM and SPY, 50%).  I'm looking for SPX 1331.

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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.

Rally Very Likely Continues, Dips Should Be Bought

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 rally in indices has picked up momentum now and very likely will continue into mid March.  I am looking to open long positions this coming week as SPX corrects to back test its recent resistance around 1331.  My plan is my plan is to scale (25%)  into a basket of 10 top ranked RTS stocks (STX, DAL, JBLU, GILD, ALXN, FAST, CA, ISRG, FFIV and GRMN, 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.