Monday, December 17, 2012

Back Testing Of SMA's Is Likely

Long Term Current and Past Portfolios

New Long Term Dividend Portfolios


Cash indices rallied today due to buying and short covering of their futures.  SPX is about to run into a major resistance zone (1431 - 1435) which very likely sends SPX down to back test its 100, 50 and possibly 20 D-SMA (1417 - 1411) within next couple of days. My plan is to open new long positions (1st of 4 buys) in that sell off.  There is also the possibility of SPX continuing its rally and pushing through the neckline.  In that case, I would open long positions as it sells off to back test the neckline at or around 1436.

RTS Picks:  
FSLR  GMCR  KBH  PHM  PXP  NFLX   MPEL  NRG  C VLO

RTS Dividend: 
SFUN  NCT  NRF  SCCO  ATAX   PMT   CLMT   RAS  RBS   WSR

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.