Tuesday, June 11, 2013

RTS Is Selling KBH and Buying CIEN

Tomorrow Wednesday June 12, RTS sells KBH and buys CIEN in its place at the open.

Today Big Money was not active at all. Cash indices were moved up and down via their futures. At this point, chances are good that SPX retests its 50 D-SMA which also coincides with the primary uptrend line at around 1611 sometime this week. I think if those supports hold up SPX would rally to 20 D-SMA, punch through and continue to 1700. My plan is to do my second buy at 1611 and my 3rd buy once we clear 20 D-SMA.

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.