Sunday, July 6, 2014

Upside For Major Indices Is Limited

SGS Market Timer Status:   NEUTRAL 
Neutral as of close of 6/19/2014

RTS Long Term Current and Past Portfolios
RTS Portfolio long positions were closed on (Fri 6/20).  RTS Portfolio is in cash now.
Nearly by all measure, major indices are overbought and the likelihood of a 10% to 15% correction is high especially for NAZ and RUT.  My plan is to start opening short positions in SPY, QQQ and IWM as soon as SPX breaks through its 20 D-SAM, possibly sometime late this coming week or early the following 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.