Sunday, October 27, 2013

Indices Look Good, Slightly Overbought

In Cash as of 9/3/2013 

SPX is very close to overbought region (in red) and very likely will correct sometime this coming week.  My plan is to open my first position of four as SPX its recent low around 1740.

RTS Stocks - 1st of 4 positions in: TBD and posted later (Momentum is shifting)

Indices -1st of 4 position in: SPY, QQQ and IWM (equal $)

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 N without notice.