Long Term Current and Past Portfolios
New Long Term Dividend Portfolios
On Tuesday SPX rallied and closed solidly above the neckline (SPX 1435, thick green) of an inverse head and shoulder price formation. The confirmation of that pattern signals a move to its objective (SPX 1525) by mid January.
As expected, SPX sold off yesterday to back test the neckline. Assuming a successful back test (i.e. a close above the neckline today), my plan is to do my first buy of four sometime today. There is a good chance that SPX sells off to back test trend line supports at 1431 and 1424 today.
Below is my list of picks (with some changes since I posted them initially on Monday):
Below is my list of picks (with some changes since I posted them initially on Monday):
RTS Portfolio:
FSLR GMCR KBH PHM PXP NFLX MPELNRG C VLO WDC ETN
FSLR GMCR KBH PHM PXP NFLX MPEL
RTS Dividend Portfolio:
SFUN NCT NRF SCCOATAX PMT CLMT RAS RBS WSR MITT KCAP HIG
SFUN NCT NRF SCCO
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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.
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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