Sunday, October 21, 2012

Bulls and Barry Both Need A Rally Into Election

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

SPX gave back nearly all that it had gained during the week on Thursday and Friday.  Once again SPX found support at its 50 DSMA and Primary Uptrend Line.  There is a good chance that we see SPX rally again this coming week to back test its 20 DSMA around 1447.

Big Money wants Obama to have a second term because Big Money likes Barry's fiscal policies (i.e. Stimulus and QE). Big Money also knows that Barry surely could use a good rally between now and November 6.  I think chances are good that Big Money make it all happen for Barry.
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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.