Thursday, August 23, 2012

SPX Very Likely Back Tests 1400 Soon

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

SPX is now trading below its recent price channel. I think chances are good SPX drops to test 1400 and possibly the primary downtrend line intraday around 1390. 

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. 
on

Sunday, August 5, 2012

A New High For SPX Is Very Likely This Week

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

SPX is up against its Primary Downtrend Line now.  A solid close above that line tomorrow signals a rally to new multiyear highs this 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. 
on

Monday, July 30, 2012

SPX To 1400 And Beyond

SGS is Long (As of close of 4/30/2012)
RTS sells AMLN and buys COG in its place on Mon 7/30/12 at Open.

We're on our way to challenge multi-year highs in all indices as we enter into the strongest part of the 4th year of the Presidential Cycle. I expect an all time high in SPX sometime this year.

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. 
on

Friday, July 27, 2012

Hmm.....

 SGS is Long (As of close of 4/30/2012)
 
Long Term Current and Past Portfolios
RTS sold LNG and bought AEO in its place on 7/20/2012.

Yesterday (Thr, 7/26) Big Money was shifting massively out of small caps and into big ones. 50 D-SMA for SPX held nicely on Tue and Wed this week.   I think SPX is its way to challenge its recent high at or around 1380.

I'm watching NAZ, DJT and RUT to see if they move up to test their recent highs.  If they don't as DJI, OEX, NDX and SPX test or take out their recent highs, then it would be wise to take some money off the table or at least sell covered calls on long positions.

Long term (weeks to months) I am very bullish simply because we have all central banks standing by to back stop all markets by injecting into them as much money as needed.
 
 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. 
on

Sunday, July 15, 2012

SPX 1400 Is Very Much In Site

 SGS is Long (As of close of 4/30/2012)
Chances are still excellent that SPX rallies and hits 1400 within the next couple of weeks.  I am 100% long now in my LT.

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

Sunday, July 1, 2012

SPX 1400 Is Around The Corner

 SGS is Long (As of close of 4/30/2012)
Chances are good now for indices to continue their rally in the next couple of weeks and SPX 1400 (IHS Objective) very likely will be tested.

SPX 1400 would be an excellent point to sell out of money index ETF's calls and at money equity covered calls.  SPX could also sell off to back test the down trend line it broke through on Friday and possibly its 50 D-SAM around 1340 before powering up to 1400.  Those two supports are both excellent entry points to open or add new longs or sell out of money index ETF's puts.


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

Sunday, June 24, 2012

Rally Will Continue

 SGS is Long (As of close of 4/30/2012)
On Friday, SPX managed to close above the neckline which is bullish.  I think this rally will continue in the coming week and chances are excellent for SPX to test and close above its 50 and possibly 100 D-SMA's by week's end.

In my LT, I did my fourth and final buy of RTS stocks last Thr.  I also bought my third buy of index ETF's.  My plan is to do my fourth and final buy of index ETF's sometime this coming week.  SPX could sells off intraday to back test its 20 D-SMA around lower 1320's or support around 1310.  Those would be good entry points for opening long 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. 
on

Friday, June 22, 2012

RTS Selling WMB and Buying VVUS

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

In my LT Portfolio, I'm planning to sell WMB and buy VVUS in its place early today.
 
 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.
on

Monday, June 18, 2012

Indices Look Good

 SGS is Long (As of close of 4/30/2012)
Last Friday SPX closed above 1334 (neckline for IHS in daily) signaling a move to test 50 D-SMA around 1350 sometime this week.  Before that test there is an excellent chance SPX sells off to back test the neckline at 1336. 

 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. 
on

Sunday, June 10, 2012

SPX Is About To Test Its 50 D-SMA

 SGS is Long (As of close of 4/30/2012)
Last Wednesday SPX rallied and closed above the primary down trend line (shown in brown).  That was very bullish.  That rally was followed by another rally on Friday which sent SPX to close well above its 20 D-SMA.

Right now chances are excellent for the rally in SPX to continue to the next major resistance level at 50 / 100 D-SMA around mid 1350's by end of next week.  My plan to buy my third buy in my LT when a sell off to back test 20 D-SMA happens sometime early this week. I'll post on FB and Twitter.

 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. 
on

Sunday, June 3, 2012

Volatile Week Ahead

 SGS is Long (As of close of 4/30/2012)
There is a good chance SPX sells off to test support around mid 1260's and then rallies to test resistance around 1300 this week. 


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

Monday, May 28, 2012

SPX Is To Test Resistance At 1345

 SGS is Long (As of close of 4/30/2012)
With indices oversold, we're entering into a seasonally bullish week.  Chances are excellent for SPX to rally to test resistance around 1345 sometime this week. 


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

Monday, May 21, 2012

Selling LOW and Buying AMLN

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

In my Long Term Portfolio, I am selling LOW and buying AMLN in its place tomorrow Tuesday 5/22/12 at the open.


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

Sunday, May 20, 2012

Indices Are At Extremely Oversold Levels

 SGS is Long (As of close of 4/30/2012)
In CASH (per plan closed all positions on 5/14/2012 around 9:30 AM were closed at 4:00 PM on Friday 5/18/2012)

Opening Following positions on Monday 5/21 at open and closing on Friday 5/25 at close or if a goal of 2.5% portfolio gain is reached during the week:
  • Longs: (10 Positions Equal $): VRTX  EXPE  WCRX  T  VZ  MNST  WMT  AMZN  PEP  DIS 
  • Shorts: (10 Positons Equal $):  FOSL  GMCR  ADSK  JPM   C  MS  WYNN  NFLX  AKAM   CTSH
     
Indices are at extremely oversold levels and a sharp bounce is imminent.  Both RUT and DJT are trading around their 200D SMA's.  There is a good chance that SPX also tags its 200D SMA around 1280, then rallies to test resistance at 1310 and 1340.  Based what I have seen in the last two weeks, I believe we are at a bottom and chances of a rally back to 1310 - 1340 is very high.

There is also a remote possibility of a massive sell off which can occur  when indices are at an extremely oversold level like now. I'm not worried about a massive sell off (i.e. crash) because Big Money actions in the last two weeks do not support that scenario. Of course on cannot rule out that possibility, but at this point it's very unlikely.

I'm 50% invested in my LT.  My plan is to do my 3rd buy after we clear 1310 resistance.  A close below 200 D-SMA for SPX would be a red flag and I would look for an exit point for my long positions. 


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
Subscribe to: Comments (Atom)