Sunday, September 30, 2012

The October Surprise

SGS is Long (As of close of 4/30/2012)
The uncertainty of the election will be totally put to rest this coming Wednesday after the conclusion of the first debate.  I think there is an "October surprise" in making and it's all about Mitt's finances. My guess is that there will be breaking  news in one or all of the following issues:
  1. Did Mitt in his 2008 or 2009 tax return apply and was granted immunity from prosecution for not declaring income and cap. gain from assets kept in foreign accounts?

  2. How the hell Mitt turned an IRA account which was limited to an average of $3700 annual contribution since 1981 (that is a total of $114,700 over 31 years) to over $100 million.  Assuming $100 million, it means Mitt returned a whopping average return of 43% on his IRA investment  in the last 31 years!

  3. Why Mitt deducted only $2.25 million in charitable contribution in his 2011 taxes while he contributed over $4 million (nearly all to Mormon churches and organizations).  Was it because if he had deducted the full amount  his tax rate would have dropped to 9% from 14% for 2011?  Is Mitt planning to amend his 2011 taxes in order to deduct the entire amount after the election?
I expect Market to resume its rally on Thursday once everyone including Fox News accepts that it's over.

BTW, I am NOT an Obama fan, but if  Mitt / Paul are elected, they would presides over the destruction of the middle class which eventually would turn our country into a banana republic where 99% of the wealth is owned by 1% of the population.  As always, I'm going to hold my nose and vote.

Face Book

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.

Wednesday, September 26, 2012

RTS Is Selling TEX And AIG, Buying GILD And SLW

SGS is Long (As of close of 4/30/2012)

RTS is selling TEX and AIG today.  In their placs, RTS is buying GILD and SLW.
Face Book

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. 

Monday, September 24, 2012

SPX 1441 - 1431 Is A Buying Opportunity

SGS is Long (As of close of 4/30/2012)
There is a good chance that we see SPX selling off to its imediate support range (1440 - 1430) this week.   My plan is to do my 3rd and possibly 4th buy of index ETF's.

Face Book

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. 

Monday, September 17, 2012

Dips Are Buying Opportunities

SGS is Long (As of close of 4/30/2012)

There is a good chance SPX sells off to support around 1440 this week.  My plan is to do my 2nd and 3rd buy as we sell off to that dip.

Face Book

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. 

Wednesday, September 12, 2012

RTS sells STX and buys TEX in its place on Thr 9/20/12 at Open.

SGS is Long (As of close of 4/30/2012)

RTS sells STX and buys TEX in its place tomorrow Thr 9/13/12 at open.
 
Indices look good, dips should be bought.

Face Book

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. 

Monday, September 10, 2012

Market Is Predicting An Obama Victory

SGS is Long (As of close of 4/30/2012)

The sell off from 8/21 to 9/5 seems to be nothing but a bull flag.  I think Market is predicting four more years of Obama and it will very likely rally into election day.
My plan is to buy back into four index ETF's (DIA, QQQ, IWM and SPY, equal $) in 3 buys, first buy at or near open today.

Face Book

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. 

Tuesday, September 4, 2012

SPX 1400 Support Has Been Weakened

SGS is Long (As of close of 4/30/2012)

Support at 1400 for SPX has been tested and held 3 times since SPX put in a new multi year high on August 21.  I believe that support has been weakened now and is ready to break.  Chances are good that we see a sell off to test where the two primary trend lines meet (uptrend and downtrend) around mid 1380's.  My plan is to to buy back into 4 index ETF's (DIA, SPY, IWM and QQQ), a total of 3 buys starting at  SPX 1386.

Face Book

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.