Sunday, December 9, 2012

Uptrend Is In Trouble

Long Term Current and Past Portfolios


The rally that started on 11/16 is running to stiff resistance.  On weekly charts, except for NAZ, the uptrend in all major indices is still intact.  For daily charts, it is a different story.  Except for DJI, the uptrend in all major indices has been broken.

Indices are predicting a drawn out budget fight in DC. A fight that is not going to be settled until Big Money scares everyone into an agreement by pushing indices down 3% to 5% for a couple of days or so.  Those down days would be excellent buying opportunities.

My plan is to close all my long positions in both long term portfolios (RTS and RTS Div) and open new long positions during upcoming sell off.  I think SPX 1425 to 1435 is a good range to sell into.

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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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Tuesday, December 4, 2012

In RTS Divident Portfolio: Selling CXS and Buying SCCO

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

Long Term Current and Past Portfolios
In RTS Portfolio, RTS is selling GPS and buying GMCR in its place tomorrow (Wed) at the open.

New Long Term Dividend Portfolios
In the new RTS Dividend Portfolio, RTS is selling CXS and buying SCCO in its place tomorrow (Wed) at the open.

The rally that started on 11/16 is still intact.  I still expect new post 08/09 crash highs for all major indices sometime this year assuming the worthless in DC reach a compromise and come up with a reasonable plan to raise revenue and cut spending.  I am not holding my breath, we could actually go over "the cliff" which would cause unprecedented chaos in all markets worldwide (an excellent buying opportunity, lol).

Face Book

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Sunday, December 2, 2012

A Move To Test Neckline Is Very Likely

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

SPX is trading within a rising price channel (shown in thick orange).  Chances are good that SPX continues its rally this coming week to 1430 - 1435 to test the Neckline of a possible Inv. H&S formation .  After that SPX could sell off to 1410 - 1400 to put in the Right Shoulder and then rallying pass the Neckline which would signal a melt up to lower 1500.

Face Book

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, November 25, 2012

An All Time High For SPX In 2012?

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

Indices rallied last week as Big Money aggressively bought the dip into SPX 1340's.  SPX seems to be forming an Inverse H&S with its Neckline around 1430 to 1435 (thick green).  There is a good chance that SPX rallies to the neckline this coming week and then selling off to 1410 - 1400 to form the right shoulder. After that a rally pass the neckline signals a move to lower 1500's and possibly a melt up to higher 1500's.

Face Book

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, 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.

Face Book

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, 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.

Face Book

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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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. 

Face Book

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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.

Face Book

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.

Face Book

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 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

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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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.

Face Book

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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