Indices Are Still Overbought

SGS is LONG (As of close of 8/24/11) 

My Long Term Portfolio 

In CASH (closed all positions @ SPX 1254 on 12/22/2011)
 

By all measures indices are overbought.  Chances are good that SPX tests its 1290-1280 support range sometime this week.  I'm still in cash.  Should we get the correction I'm looking for, my plan is to scale (25%)  into a basket of 10 top ranked RTS stocks (to be posted later, 50%) and 4 index ETF's (DIA, QQQ, IWM and SPY, 50%).

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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.

Indices Are Overbought

SGS is LONG (As of close of 8/24/11) 

My Long Term Portfolio 

In CASH (closed all positions @ SPX 1254 on 12/22/2011)
 

SPX is up roughly around 10% since mid Dec lows, a month ago. Gains at a rate of 10% in a month are not sustainable, imo. I think a healthy pull back to 1290-1280 is very much in the cards and we probably see it this coming week.

I'm still in cash.  Should we get the correction I'm looking for, my plan is to scale into (25%) a basket of 10 top ranked RTS stocks (to be posted later, 50%) and 4 index ETF's (DIA, QQQ, IWM and SPY, 50%).

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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.

Indices Are Still Overbought

SGS is LONG (As of close of 8/24/11) 

My Long Term Portfolio 

In CASH (closed all positions @ SPX 1254 on 12/22/2011) 

Indices are over bought, slightly more overbought than last week.  I believe there is a correction coming.  My simple chart analysis shows that there is a good chance SPX sells down to the support zone of 1245 to 1255. My plan is to scale (25%) into long positions at SPX 1251.  I'm buying 50% into a basket of 10 top ranked RTS stocks (STX, NUAN, FAST, ROST, ALXN, AMGN, ORLY, GRMN, CELG, and HD) and 4 index ETF's (DIA, QQQ, IWM and SPY).

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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.

Indices Are Overbought ... A Correction Is Coming

SGS is LONG (As of close of 8/24/11) 

My Long Term Portfolio 

In CASH (closed all positions @ SPX 1254 on 12/22/2011)

 

 The rise in indices last week were all due to manipulations of index futures.  There was hardly any buying or short covering in individual issues.  Indices are overbought and chances are good we see a correction this coming week.  For SPX, a correction to back test 200, 20 and 50 DSMA's is very much in the cards. 

My plan is to scale (25%) into long positions at SPX 1241.  My plan is to buy into a basket of 10 RTS top ranked stocks and 4 index ETF's (DIA, QQQ, IWM and SPY).

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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.

First Trading Day of 2012

SGS is LONG (As of close of 8/24/11) 

My Long Term Portfolio 

In CASH (closed all positions @ SPX 1254 on 12/22/2011)

Today's rally in cash indices was all due to trading of futures.  I am in cash and plan to watch indices from the sideline for a couple of more days.

I am not going to be posting everyday, I simply don't have the time.  I will post at least once a week (on Sundays) and definitely post if there are changes in  my long term portfolio (currently 100% in cash) or changes to my mechanical timer (SGS).

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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.

2011 Last Trading Day For Me

SGS is LONG (As of close of 8/24/11) 
RTS 200110825 Long Portfolio (Bench Mark)

My Long Term Portfolio 

 In CASH (closed all positions @ SPX 1254 on 12/22/2011)

Per my plan I closed all my long positions in my LT Portfolio at SPX 1254. 2011 was not too bad, managed to return 22% on my long term money:

1st Quarter:  6.38%

2nd Quarter: 0.05%
3rd and 4th Quarters: 15.53%

LT Past Portfolios Tab

I don't think indices are going anywhere for the rest of the year.  I am taking next week off.

Merry Christmas and Happy New 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.

SPX Is About To Hit Stiff Resistance

SGS is LONG (As of close of 8/24/11) 
RTS 200110825 Long Portfolio (Bench Mark)

My Long Term Portfolio 

Late post.  SPX is about to run into stiff resistance today or tomorrow (1260 +/- a few points). Chances of getting through that resistance between now and EOY is slim imo.

Waiting for SPX 1254 to go into cash in all accounts and call it a 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.

SPX On Its Way To Test Its 200 D-SMA

SGS is LONG (As of close of 8/24/11) 
RTS 200110825 Long Portfolio (Bench Mark)

My Long Term Portfolio 

Late post.  SPX closed above its 50 D-SMA yesterday.  I believe SPX is on its way to test its 200 D-SMA, but it very likely would back test its 50 D-SMA first (today).

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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.

Indices Are Deeply Oversold

SGS is LONG (As of close of 8/24/11) 
RTS 200110825 Long Portfolio (Bench Mark)

My Long Term Portfolio 

Indices are deeply oversold and they should rally today (futures are way up now).  My plan is to sell all my LT positions into that rally, very likely around SPX 1244 to 1249.  We might get there 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.

Indices Are Oversold

SGS is LONG (As of close of 8/24/11) 
RTS 200110825 Long Portfolio (Bench Mark)

My Long Term Portfolio 

Indices are over sold as they enter into a highly bullish week.  Chances are excellent that we see a rally this coming week sending SPX to around 1250.  My plan is to sell all my LT positions into that rally, very likely around SPX 1244 to 1249.

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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.

Today's (Thr) Action Was Very Positive

SGS is LONG (As of close of 8/24/11) 
RTS 200110825 Long Portfolio (Bench Mark)

My Long Term Portfolio 

I think we might see 1240-1250 again this year. I doubt very much if we go beyond that this year. My plan is to unload my LT into that rally next 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.

OPEX Yoying Continues

SGS is LONG (As of close of 8/24/11) 
RTS 200110825 Long Portfolio (Bench Mark)

My Long Term Portfolio 

Indices are trading a a new down trending trading range.  I think we might see 1240-1250 again this year, if we're lucky. I doubt very much if we go beyond that this year. My plan is to unload my LT into that rally next 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.

Time Is Running Out For Bulls

SGS is LONG (As of close of 8/24/11) 
RTS 200110825 Long Portfolio (Bench Mark)

My Long Term Portfolio 

Time is running out for bulls. I'm giving it a couple of more days.

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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.

Time Is Running Out For Bulls

SGS is LONG (As of close of 8/24/11) 
RTS 200110825 Long Portfolio (Bench Mark)

My Long Term Portfolio 

Bulls (myself included) are running out of time.  It's "Show Me The Money" time or else.  Let's see if at least DJT and SPX rally hard tomorrow and Wednesday and clear their 200 D-SMA'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.

Large Cap Indices Are Above Their 200 D-SMA's

SGS is LONG (As of close of 8/24/11) 

RTS 200110825 Long Portfolio (Bench Mark)

My Long Term Portfolio 

DJI, OEX and NDX are all trading above their 200 D-SMA's.  Bulls need NAZ, SPX, RUT and DJT follow market leaders and close above their 200 D-SMA's soon, hopefully early this coming 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.