Sunday, February 5, 2012

Rally Very Likely Continues, Dips Should Be Bought

SGS is LONG (As of close of 8/24/11) 

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%).

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.