Monday, November 19, 2012

Indices Are Oversold - Late Post

SGS is Long (As of close of 4/30/2012) 

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Indices are rallying from an oversold condition today (Monday).  I think there is a good chance we see SPX test resistance at 1400 to 1410 level this week or early next week.

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Sunday, November 11, 2012

Indices Are Oversold, A Rally Is Imminent

SGS is Long (As of close of 4/30/2012) 

RTS is selling UNG and buying NFLX in its place on Monday 11/12/2012 at the open.



Indices were push down hard which forced weak long hands to fold.  At this point, indices are oversold and we should see a rally starting tomorrow.
 
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Sunday, November 4, 2012

Hello Four More Years

SGS is Long (As of close of 4/30/2012)
 

Action on Friday was very disappointing for bulls, but I still think as soon as the election is over indices will rally into Christmas.

As far as election goes it's over imo, Obama will get his second term, Reps lose a few seats in the house, but still keep it, Dems gain 1 to 3 seats in the senate and keep that. I think Market might initially sell off maybe Wed AM, then it will rally hard into next year.

If we have no president by Wed AM (less than 1% chance imo), Market will go down hard on Wed and continue going down until it's sorted out again by the SC which would give presidency to Romney (5-4) sometime in Dec or early Jan.   If that happens, I would close all long positions and start opening short positions.

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Wednesday, October 24, 2012

RTS Is Selling AEO And Buying FSLR

SGS is Long (As of close of 4/30/2012)


RTS is selling AEO and buying FSLR in its place tomorrow (Thursday) at the open.  I am doing the same in my LT Portfolio.
Indices are oversold.  Chances are good we see a rally starting tomorrow pushing SPX to back test its 50 DSMA around 1435. 

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Sunday, October 21, 2012

Bulls and Barry Both Need A Rally Into Election

SGS is Long (As of close of 4/30/2012) 

SPX gave back nearly all that it had gained during the week on Thursday and Friday.  Once again SPX found support at its 50 DSMA and Primary Uptrend Line.  There is a good chance that we see SPX rally again this coming week to back test its 20 DSMA around 1447.

Big Money wants Obama to have a second term because Big Money likes Barry's fiscal policies (i.e. Stimulus and QE). Big Money also knows that Barry surely could use a good rally between now and November 6.  I think chances are good that Big Money make it all happen for Barry.
 
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Thursday, October 18, 2012

RTS Is Selling AMZN And Bying WY

SGS is Long (As of close of 4/30/2012)

RTS is selling AMZN and buying WY in its place tomorrow (Friday) at the open.  I am doing the same in my LT 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.

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Sunday, October 14, 2012

A Critical Week Is Ahead

SGS is Long (As of close of 4/30/2012)

On Monday at the open, RTS sells BBT and buys  UNG in its place.

Indices took a shellacking last week as uncertainty about the election crept back in.  Market is more comfortable with Obama than Romney.   To Market, Romney Administration would mean a new Fed Chairman, end of QE, possibly a new war in ME, and government austerity measures that would shrink growth to less than 1/% or even worse.

Indices are oversold.  On Friday, SPX broke through and closed below its Primary Uptrend Line and found support at its 50 DSMA.  There is a good chance that we see SPX rallying next week to test resistance at its 20 DSMA around 1440.   Rally would continue if Obama does well in the debate next week and starts pulling away from Romney in swing states poles.  Market is still predicting an Obama victory.

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Sunday, October 7, 2012

Indices Look Good

SGS is Long (As of close of 4/30/2012)
Indices look very good as we enter into a seasonally bullish period.  There is a good chance that we see a sell off early this coming week where SPX could possibly test its 20 D-SMA and back test its newly formed Primary Downtrend Line.  If  that happens, it would be an excellent buying opportunity.  My plan is to buy my fourth and final buy of indices at that point, somewhere between SPX 1551 and 1446.

Face Book

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Thursday, October 4, 2012

New Highs For Major Indices Are Coming Up

SGS is Long (As of close of 4/30/2012)
Today SPX break through and closed above its new Primary Downtrend Line (thick orange).  That was  significant.  It signals that chances are excellent that  we see new highs in SPX and other major indices soon, possibly as soon as tomorrow for SPX and DJI.

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Sunday, September 30, 2012

The October Surprise

SGS is Long (As of close of 4/30/2012)
The uncertainty of the election will be totally put to rest this coming Wednesday after the conclusion of the first debate.  I think there is an "October surprise" in making and it's all about Mitt's finances. My guess is that there will be breaking  news in one or all of the following issues:
  1. Did Mitt in his 2008 or 2009 tax return apply and was granted immunity from prosecution for not declaring income and cap. gain from assets kept in foreign accounts?

  2. How the hell Mitt turned an IRA account which was limited to an average of $3700 annual contribution since 1981 (that is a total of $114,700 over 31 years) to over $100 million.  Assuming $100 million, it means Mitt returned a whopping average return of 43% on his IRA investment  in the last 31 years!

  3. Why Mitt deducted only $2.25 million in charitable contribution in his 2011 taxes while he contributed over $4 million (nearly all to Mormon churches and organizations).  Was it because if he had deducted the full amount  his tax rate would have dropped to 9% from 14% for 2011?  Is Mitt planning to amend his 2011 taxes in order to deduct the entire amount after the election?
I expect Market to resume its rally on Thursday once everyone including Fox News accepts that it's over.

BTW, I am NOT an Obama fan, but if  Mitt / Paul are elected, they would presides over the destruction of the middle class which eventually would turn our country into a banana republic where 99% of the wealth is owned by 1% of the population.  As always, I'm going to hold my nose and vote.

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Wednesday, September 26, 2012

RTS Is Selling TEX And AIG, Buying GILD And SLW

SGS is Long (As of close of 4/30/2012)

RTS is selling TEX and AIG today.  In their placs, RTS is buying GILD and SLW.
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Monday, September 24, 2012

SPX 1441 - 1431 Is A Buying Opportunity

SGS is Long (As of close of 4/30/2012)
There is a good chance that we see SPX selling off to its imediate support range (1440 - 1430) this week.   My plan is to do my 3rd and possibly 4th buy of index ETF's.

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Monday, September 17, 2012

Dips Are Buying Opportunities

SGS is Long (As of close of 4/30/2012)

There is a good chance SPX sells off to support around 1440 this week.  My plan is to do my 2nd and 3rd buy as we sell off to 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. 
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