Sunday, October 7, 2012

Indices Look Good

SGS is Long (As of close of 4/30/2012)
Indices look very good as we enter into a seasonally bullish period.  There is a good chance that we see a sell off early this coming week where SPX could possibly test its 20 D-SMA and back test its newly formed Primary Downtrend Line.  If  that happens, it would be an excellent buying opportunity.  My plan is to buy my fourth and final buy of indices at that point, somewhere between SPX 1551 and 1446.

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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.

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