Sunday, December 8, 2013

Still Waiting For A Pull Back To Open Long Positions

In Cash as of 9/3/2013

I am still waiting for a meaningful pull back (around 5% from the recent high's) to open long positions.  I think we are on our way.  Friday's rally was just a short covering rally.  The move to the downside should resume this coming week, as early as Monday.

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.