Sunday, January 6, 2013

Indices Are Overbought

Long Term Current and Past Portfolios

New Long Term Dividend Portfolios

SPX rallied last week and break through its Primary Downtrend Line and solidly closed above it.  After gaining 6% in four trading days, SPX is ready to sell off to back test old resistances now turned into supports.  Chances are good that SPX drops down to mid 1440's (intraday) sometime during this coming week.  My plan is to do my second buy in both long term RTS and RTD-Div portfolios sometime this week.  

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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.