Monday, March 4, 2013

20 D-SMA Is Supporting SPX

RTS Long Term Current and Past Portfolios
On 3/1 GILD replaced FSLR


SPX sold off  initially last week, but managed to close above its 20 D-SMA and keeping the rally intact.  The rally into close both on Friday and today were impressive.  It looks very likely that we are off to set new highs for major indices sometime this week.
Per my plan I did add more long positions (1/2 buy) on Friday morning.  I plan to add another 1/2 once we set new highs in indices.

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.