Long Term Current and Past Portfolios
New Long Term Dividend Portfolios
Last week SPX broke out of it down trending price channel (thick black) and started trading in a much steeper channel (thick orange). At this point chances are very good that SPX tests its 200 D-SMA around 1390 sometime this coming week, possibly tomorrow if no agreement is reached to avert "Fiscal Cliff". A close below 200 D-SMA would be extremely negative and would signal much more selling. My plan at this point is to exist my long positions. I think we are in for a nasty fight between Dems and Reps that will go on and on for a while, a long while.