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.

twitter

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