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%).
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.