Sunday, May 6, 2012

Europe Turning Left Is Bullish For US Markets

 SGS is Long (As of close of 4/30/2012)
In CASH (closed all positions on 5/4/2012 at close)
Opening Following positions on Monday 5/7 at open and closing on Friday 5/11 at close or if a goal of 2.5% portfolio gain is reached during the week.
  • Longs (10 Positions Equal $): AMLN  VVUS  STX  AEO   LEN  LNG  AIG  GPS  DFS  AAPL
  • Shorts (10 Positons Equal $):  NFLX  ANR  PLCM  GG  RVBD  CHK   ITUB  NEM  EA  SNDK

 SPX very likely sells off to test support at 1340 level.  My plan is to do my second buy for my LT at 1341 unless I see massive liquidation by Big Money as SPX goes down to test that support.  I'll post on my FB page if that happens.

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.