Sunday, January 26, 2014

Nothing But A Profit Taking Sell Off In A Powerful Bull Market

Updated for buys on 1/18


The sell off last week was a classic profit taking sell off in an otherwise powerful bull market.  Typically, selling in a bull market is steep in magnitude, but short in a duration.  I expect maybe one or two days of selling early this coming week, then a run to set new highs for all major indices.

As I posted on my facebook page, I did not do my 3rd buy at 1806 as originally planned.  My plan is to do my 3rd buy sometime early this  coming week.  I am looking for SPX 1776 as an entry.


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.
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Monday, January 20, 2014

A Quick Move To SPX 1900 Is Highly Likely This Week

Updated for buys on 1/18


There is an excellent chance that SPX breaks through its Primary Downtrend Line, resistance at 1850 level and rallies to tag the upper line of its current Active Price Channel (APC, thick orange) around 1900.

There is a small chance that SPX sells off early in the week.  A daily close below its 20 D-SMA would signal a possible test of lower line of APC and possibly 50 D-SMA around 1800.  My plan is to do my 3rd buy around 1806 should SPX sells off this week.



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.
on

Sunday, January 12, 2014

Indices Are Coiled And Ready To Jump Higher

Updated for buys on 1/18


SPX broke through and back tested its Primary Downtrend Line last week.   SPX is now coiled now and its  next move is very likely to the upside within its active price channel (thick orange). 

Per my plan, I did my second buy on Wednesday (1/8) last week.  My plan is to do another buy when SPX tests its Active Uptrend Line (thick orange) and probably its 50 D-SMA (very likely sometime in mid to late March).


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.
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Tuesday, January 7, 2014

Time To Buy In

Updated for buys on 12/18

I am going to do my second buy of 4 tomorrow early AM.

RTS Top Ten Stocks - 2nd of 4 positions in: 
FB, MU, BIDU, NFLX, YHOO, WYNN, AVGO,  CTSH, WDC, MA  (equal $).

Indices -2nd 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.
on

Monday, January 6, 2014

Powerful Bull Market Will Continue In 2014 And Beyond

Updated for buys on 12/18 

SPX gained 30% in 2013.  I believe that we'll see double digit performance for all indices for the next few years.  All dips (5% or more) should be bought from here froward.  

Indices very likely test their 20 D-SMA and possibly their 50 D-SMA sometime this week.  My plan is to do my second buy as we test 50 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 N without notice.
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