Indices Should Turn Tomorrow ... New Highs Sometime This Month

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
RTS is selling NBR and buying CBS tomorrow at the open.
My LT Portfolio
I'm Selling NBR and buying GMCR tomorrow, not sure when, I'll post on FB.
My IT Portfolio
My ST Portfolio

Internal numbers were very bullish today, TRN, RUT and NAZ (the leaders) totally out performed SPX and DJI.  We either saw the bottom today or we'll see it tomorrow.  Indices should resume their rally to set new highs by the middle to end of this month.

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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. 

Tomorrow Is 50 / 50

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio
My IT Portfolio
My ST Portfolio

If initial claims data is better than expected tomorrow, indices very likely turn and go up in the next few days to test recent highs.  Otherwise, they will sell off.  SPX could back test the active neck line around mid 1330's.  I would be a buyer of that dip.

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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.  

Test of 13 D-EMA and Backtesting of Neck Line for SPX

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
RTS is selling NOV and buying JDSU tomorrow at the open.
My LT Portfolio
My IT Portfolio
My ST Portfolio

More selling is very likely for tomorrow and Thr.  Odds are very good for SPX to test its 13D-EMA in mid 1340's and tag the active neckline in upper 1330's.

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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.  
 

A Test Of SPX 13 D-EMA Very Likely This Week

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio
In my LT, I'm selling GG tomorrow and buying ARMH at the open.
My IT Portfolio
My ST Portfolio

All major indices set multiyear highs today before selling off into the close.   Selling should continue for at least another day or two.   SPX very likely will test its 13 D-EMA around 1346 and possibly tag the neck line of the recent Inverse H&S price formation around 1336.  Those two prices are excellent entry points to add to or open new long positions.

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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.  

Long Term - Indices look Fantastic / Very Short Term - Indices Are Overbought

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio
My IT Portfolio
My ST Portfolio

SPX is overbought (to me that doesn't mean go and short SPX, it means it's time to take profit in short and intermediate term long positions,  also it means it's smart to wait to open  new  long positions).  A 1.5% to 2% drop is very much in the cards for this week.

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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.  

Market Is Overbought - Slight Correction Very Likely (Very Late Post for Fri)

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio
My IT Portfolio
My ST Portfolio 

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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.  
 

Market Is Overbought - Slight Correction Very Likely

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio
My IT Portfolio
My ST Portfolio 

 Chances are good for SPX to sell off intraday to back test the new neckline around SPX 1336 sometime tomorrow or Friday.  I would be a buyer of that dip. 

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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.   

Nearly All Major Indices At Multiyear Highs

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
RTS is selling SLW and buying ARMH in its place tomorrow at the open.
My LT Portfolio

DJI, SPX, NAZ, TRN set new multi-year highs today.  RUT should do the same soon, very likely this week.  Market is in a good shape and rally should continue.  SPX closed above the neck line of an inverse head and shoulder price pattern with relatively good volume.  The objective price for that pattern is around SPX 1430 which was also a peak in May 2008 just before the first down leg of 2008 market crash.  This means the move from current levels to SPX 1430 would likely be a swift one.

Chances are also very good for SPX to sell off intraday to back test the new neckline around SPX 1337 sometime this week.  I would be a buyer of that dip.

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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. 

A Test of SPX 13 D-EMA Around 1326 Likely Tomorrow

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

An intraday drop for SPX to test its 13 D-EMA around 1326 is likely tomorrow.  My plan is to buy that dip.

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opader@gmail.com

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.

All Major Indices At Or Near Multiyear Highs

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

SPX is testing the neck line of an Inverse H&S price formation.  A pull back to the active up trend line (shown in orange) and possibly 13 D-EMA is likely next week.  Those dips are buying opportunities.

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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

New 52 Week High Very Likely For SPX Tomorrow - THR

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

DJI set a new post crash high today, other major indices should follow suit soon.  Chances are excellent that we see new highs for SPX tomorrow.

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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

Chances Are Very Good For A Big Green Day Tomorrow - Wed

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

I think SPX will break through and close above its active down trend line (shown in orange).  I'm plannig to scale into my ST, LT and IT early in the day (details tomorrow on my FB wall).  Bulls are about to Rock.

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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

A Rally For SPX To Test Resistance At 1317 Likely

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

SPX very likely will rally to test its active down trend line (shown in orange) tomorrow.  I doubt very much if SPX could break through that resistance (triple resistance: down trend line, 13 D-EMA, 50 S-SAM) tomorrow.

If selling continues, SPX could drop down significantly to back test its previous down trend line around mid 1280's.

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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

Back Testing of SPX Active Down Trend Line Likely Today

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

A drop in indices to back test their recently broken down trend lines is very likely today.  For SPX a pull back to 1311 and possibly 1306 is very much in the cards.  As indices are pressured if there is no whole sale liquidation in the broader market, those dips are good opportunities to scale into long positions.

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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

The Flight Is On Once Again For Tomorrow -- Bulls Likely Winners

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

 

Tomorrow, Market very likely decides whether to start pushing for new highs or selling off to back test important supports. I think it's going to start heading north. A close by SPX above the active downtrend line (shown in orange) would be a good place to start scaling into long positions.  A close above its 13 D-EMA would be another confirmation of the up move. Bulls are setting things up to take charge.

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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

SPX Testing Support At 1300 Likely Tomorrow

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

Down trending price channels are very much intact for all five major indices.  Chances are good tomorrow for SPX to test psychologically important support at 1300.  My plan is to add more long positions to my ST  Portfolio if SPX sell off to 1301.

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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

A Rally To SPX 1320 Resistance Very Likely Tomorrow

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

SPX has now formed a tight down trending price channel.  A rally first to test resistance at 1320 and then the upper channel line (shown in orange) around 1325 is likely.  A close above the orange line sometime this week would be bullish and would signal much higher prices for SPX in near future.  Long term I am bullish and believe we'll see new all time highs for SPX and RUT sometime this year.

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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

A Test of SPX 50 D-SMA Very Likely Tomorrow

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio



There is a good chance that SPX sells off to test its 50 D-SMA around 1311.  My plan is to buy that dip and open up long positions in my LT (first of possible 3) and IT (first of possible 4) portfolios.

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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.

SPX Is Range Bound

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

SPX is forming what looks like a bear flag to me.  I think a test of 50 D-SMA around SPX 1311 is very likely this week.

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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.

Indecision Continues

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

No change since yesterday.  All indices now look ready for a test of their 13 D-EMA support.

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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.

A Test of SPX 13 D-EMA Around 1320 Very Likely

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

No change since yesterday, a drop to 1320 is very likely.

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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.

A Test of SPX 1320 Still Very Much In The Cards

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

I'm still looking for an entry point to start opening new long positions.  I think SPX 1320 might present itself tomorrow, but you never know for sure.

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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.

A Test of SPX 1320 Very Likely Tomorrow

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

Market is overbought and a pull back to test support by SPX at 1320 is very likely.  I'm planning to buy that dip.

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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.

Market Looks Good

SGS is Long (as of close of 4/1/2011)
RTS in Cash (Bench Mark)
My LT Portfolio

SGS went long as of close of Friday.  For RTS 20110404 Long Portfolio, RTS opens (buys) new long positions in the following 10 stocks tomorrow Monday 4/4 at the open:

GMCR  MCP  TSO  MEE  PCX  NBR  SLW  NOV  NFLX and CIEN

Two leading indices (RUT and TRAN) out of five major indices I follow are at new 52 week closing highs.  It's highly likely that the remaining three would follow suit soon.  I'm setting up to buy all dips in my ST, IT and LT.

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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.

A Test of SPX 1320 Very Likely Tomorrow

SGS is Neutral (as of close of 3/28/2011)
RTS in Cash (Bench Mark)
My LT Portfolio

Both TRAN and RUT put in new 52 week closing highs today.  On SPX daily chart, 13 D-EMA crossed over 50 D-SMA signaling higher prices ahead.  In the very short term, indices are overbought and chances are good that  we see prices consolidate tomorrow.

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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.

Higher Prices Ahead

SGS is Neutral (as of close of 3/28/2011)
RTS in Cash (Bench Mark)
My LT Portfolio

RUT and TRAN are almost at a new 52 week closing high signaling higher prices for all indices in very near future.  I'm looking for a low point to close all open positions in my IT and LT today.  I'm happy to be done with March, what a terrible month.

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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.

SPX Tested 1320 Again

SGS is Neutral (as of close of 3/28/2011)
RTS in Cash (Bench Mark)
My LT Portfolio

SPX tested 1320 for the third day in a row.  A solid close above 1320 would be very bullish.  Barring unfavorable geopolitical news, major indices are on their ways to make new highs soon.

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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.

Testing of Supports at SPX 50 D-SMA and 13 D-EMA Is Likely

SGS is Neutral (as of close of 3/28/2011)
RTS 20110317 Short Portfolio (Bench Mark)
My LT Portfolio

SGS went from Short to Neutral as of close of today.  All open positions in RTS 20110317 Short Portfolio will  be closed (covered) tomorrow at the open.

Download trend lines in weekly charts for all major indices held today and pushed indices back near close.  At this point, SPX very likely will sell off tomorrow and test its 50 D-SMA around 1306 and probably its 13 D-EMA around 1301.  My plan is to close all short positions in my LT and IT at those points.

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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.

A Pull Back For SPX To Test Its 50 D-SMA Is Very Likely

SGS is Short (as of close of 3/16/2010) - SGS will go long unless Market sells off 1% or more tomorrow.
RTS 20110317 Short Portfolio (Bench Mark)
My LT Portfolio

Five major indices I closely follow have now closed above their primary down trend lines on their daily charts.  The up move by RUT is most impressive and signifies that the current correction / price consolidation is near its end.

On their weekly charts however, all five indices are right against their recent primary down trend lines.  I think a pull back, possibly to back test 1300 for SPX is very much in the cards, possibly tomorrow or on Tuesday.  My plan is to close all my short position at SPX 1301.

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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.

Tomorrow - Bears' Last Chance

SGS is Short (as of close of 3/16/2010)
RTS 20110317 Short Portfolio (Bench Mark)
My LT Portfolio

I watch five major indices very closely.  They are TRAN, RUT, NAZ, SPX and DJI.  As of close of today, two have broken their primary down trend lines on their daily charts and closed above them (TRAN and DJI), two are sitting right around their primary down lines (NAS and RUT) and one (SPX) is still trading below its primary down trend line.  There three probable scenarios here to consider:

(Less Likely): "Libya War" rally has legs and will continue.  Indices that are below or on their primary down trend lines will close above them with good volume and breadth tomorrow.  Then, early next week after back testing their primary down trend lines (a good place to close short positions and scale into long positions), they'll continue to go higher.

(Likely): Market starts to go sideways for at least 5 trading days and then sets a direction either up or down.

(More Likely): Market stalls tomorrow and selling starts as early as tomorrow or Monday.  I'm banking on that.

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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.

A Back Test of SPX 50 D-SMA Very Likely (repost)

SGS is Short (as of close of 3/16/2010)
RTS 20110317 Short Portfolio (Bench Mark)
My LT Portfolio

A back test of SPX 50 D-SMA (edited to correct 13 D-EMA to 50 D-SMA) around 1305 is very likely tomorrow.  Another opportunity to add more short positions.

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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.