RTS 20101202 Long Portfolio is Closed Tomorrow At Open

SGS is Long (as of close of 12/1/2010)
RTS 20101202 Long Portfolio

End of year tax selling will very likely accelerate tomorrow through the first week or two of January.

Tomorrow is the end of the month, quarter and year.  RTS 20101202 Long Portfolio will be closed tomorrow at the open.  RTS will open a new long portfolio on Monday Jan 3 at the open.  I'll post more on that this weekend.  I closed my LT and IT shortly after open today.  I will close my ST near close tomorrow.

Overall, 2010 was a fantastic year.  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.

1262.60 Was Very Likely 2010 High for SPX

SGS is Long (as of close of 12/1/2010)
RTS 20101202 Long Portfolio

1265 was my SPX target for 2010, we got 1262.50 today, close enough.

Market is topping out and a typical bull market correction could start as early as tomorrow imo.   I think selling very likely accelerates in the first two weeks of January as people sell to realize their 2010 gains in 2011 and hence deferring their cap. gain taxes to 2012.

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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 Last Chance For SPX To Hit 1265

SGS is Long (as of close of 12/1/2010)
RTS 20101202 Long Portfolio

Intraday SPX has a good chance to hit 1265 (probably early in the day) 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. 

SPX 1265 Still Looks Good As High For This Year

SGS is Long (as of close of 12/1/2010)
RTS 20101202 Long Portfolio

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Possible Sell Off Early Tomorrow, But SPX Very Likely Sets New High's This Week

SGS is Long (as of close of 12/1/2010)
RTS 20101202 Long Portfolio

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RTS Selling BRCM and Buying FCX on Monday 12/27/10 at Open

SGS is Long (as of close of 12/1/2010)
RTS 20101202 Long Portfolio

In RTS 20101202 Long Portfolio, RTS is selling BRCM and buying FCX in its place on Monday 12/27/10  at the open.  RTS 20101202 Long Portfolio will be cashed out on last trading of the current quarter (Dec 31) at the open.  A new long portfolio will be opened on January 3, 2011 at the open.

SPX looks good, very likely will hit 1265 on Monday. I believe that to be the high, give or take a couple of points, for 2010.  More on this on Sunday.

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 1265 Very Likely High For 2010

SGS is Long (as of close of 12/1/2010)
RTS 20101202 Long Portfolio

SPX is about to tag its upper price channel at 1265 tomorrow.  Since the start of the latest bull leg (Dec. 1), a sell off has followed in all three occurrences where SPX penetrated its 13 EMA + 2% vertical shift boundary.  Considering usual holiday reversals and how far SPX has come since its recent low (better than 7% since Nov. 30), a sell off and a move back to the lower price channel is very likely over the course of remaining 2010 trading 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.

All Major Indices (Leaders and Followers) At 52 Week High

SGS is Long (as of close of 12/1/2010)
RTS 20101202 Long Portfolio

I believe SPX will approach 1270 over the course of the next few days.  1269 would be a nice place to close all long positions, take profit 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 Range Bound 1241 ..... 1254

SGS is Long (as of close of 12/1/2010)
RTS 20101202 Long Portfolio

Today SPX tested its Friday's low, then rallied, broke out of its bull flag formation and closed above it.  I still think a retest of the primary up trend line is very probable this week.  Tomorrow we could see SPX dips lower to low 1240's before rallying up to lower to mid 1250'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.

Monday & Tuesday Possible Buying Opportunities

SGS is Long (as of close of 12/1/2010)
RTS 20101202 Long Portfolio

A pull back early next week is very likely, but SPX is set to put in new highs before the end of year imo.  Barring a major financial or political event, SPX will be trading in lower 1300 by mid Jan. 2011.

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Bull Flags On All Major Indices ... Bull Run Should Resume

SGS is Long (as of close of 12/1/2010)
RTS 20101202 Long Portfolio

Bull flags are well formed on all major indices now.  Transportation Index, the leader, broke out of its bull flag formation today, other indices will very likely follow tomorrow or early next week.  SPX looks good and bull run could resume as early as 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.

The Big Fight Is On For Tomorrow

SGS is Long (as of close of 12/1/2010)
RTS 20101202 Long Portfolio

I think bulls have the upper hand and will win the fight tomorrow.  I expect SPX to bounce off it lower price channel line and resume its advance.  A close below that line, however, would be bearish which would very likely lead SPX to more selling on Friday.

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Time To Hammer Down Them Puts

SGS is Long (as of close of 12/1/2010)
RTS 20101202 Long Portfolio

I believe there are still  many out there who have totally bought into "doom and gloom" and hence are long in index puts.  Big Money will try pushing indices higher before Friday to render those puts he's sold short worthless.

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Trend Is Intact

SGS is Long (as of close of 12/1/2010)
RTS 20101202 Long Portfolio

Despite the sell off near close today, SPX and all other major indices look great.

This week being a quadruple witching week, I expect more volitle sessions possibly tomorrow or Wedenesday.  SPX might sell off intraday to mid to lower 1220's.   Those levels would be great entry points to go long for a LT (positions held from weeks to months) or IT portfolio (positions held from days to weeks).

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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.

How Bullish Am I? Very And Here's Why

SGS is Long (as of close of 12/1/2010)
RTS 20101202 Long Portfolio

Technically:

• All major indices are at their 52 week high.
• All indices are solidly above their 50D and 200D SMA's.
• All major indices are in well defined up trending price channels.
• Daily Golden Cross (50D SMA crossing above 200D SMA) has been accomplished and back tested in all major indices.
• Weekly Golden Cross (50W SMA crossing above 200W SMA) has been accomplished in Transportation, Nasdaq, Russel (all leaders) and SP500 (Dow is about to do it soon).
• Small Caps are leading, not lagging.  This means we're still in early to mid stages of a powerful bull run which will continue for foreseeable future.
• Number of  stocks hitting their 52 week high are at levels commensurate with new highs in indices.
• Number of stocks hitting their 52 week low are at very low level.

Fundamentally:

• Record cash on the sideline by individuals and companies (Fed is trying to get these people and companies to put that cash to work by creating inflation via depreciation of US dollar.  When there is inflation money is more readily exposed to risk.  Without inflation, money stays put).
• Companies in general are more lean and mean after shedding record number of employees.  Productivity has not suffered due to heavy use of technology.  Solid earnings are expected for nearly all companies as they start to report early next year.
• Bush tax cuts will be extended which would encourage more investment in stocks, specially those paying dividend.
• Bond yields cannot go any lower, so gain in investing in bonds is very limited.  Money is migrating and will continue to migrate from bonds and fixed income instruments  to more speculative markets.

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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 Looks Excellent

SGS is Long (as of close of 12/1/2010)
RTS 20101202 Long 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.

SPX Looks Good

SGS is Long (as of close of 12/1/2010).
RTS 20101202 Long Portfolio

Past RTS Portfolios

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Rally Likely Resume As Early As Tomorrow ... Dips Are Aggessively Bought

SGS is Long (as of close of 12/1/2010).
RTS 20101202 Long 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

Tomorrow Possibly A Nice Big Green Day

SGS is Long (as of close of 12/1/2010).
RTS 20101202 Long Portfolio 

SPX very likely will over come the intermediate resistance (1222 - 1224) and set a new 52 week high as RUT and Nasdaq Comp did today.

Past RTS 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

Market is OK ....

SGS is Long (as of close of 12/1/2010).
RTS 20101202 Long Portfolio 

Market is in OK shape, the rally should continue to end of this year / early next year.  It'll be quite volatile, but I believe dips are buying opportunities.

Past RTS 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

VSG Trading Portfolios

RTS Current Portfolio 
Rank and Trade System Current Portfolio

RTS Past Portfolios And Performance 
Rank and Trade System Past Portfolios

My ST Position Trading Portfolios 
Short Term (hours to days, but not more than a week) Position Trading.

My IT Position Trading Portfolios
Intermediate Term (days to weeks, but not more than a month) Position Trading.

My LT Position Trading Portfolios
Long Term (weeks to months, but not more than a quarter) Position Trading.

Profit Taking Friday .....

SGS is Long (as of close of 12/1/2010).

RTS 20101202 Long Portfolio 

There is a good chance that we see profit taking tomorrow which might push SPX down to back test its 13D EMA around lower 1200.  I think that would be a good place to start opening long positions.

Past RTS Portfolios

 

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RTS 20101202 Long Portfolio

SGS is Long (as of close of 12/1/2010).

RTS 20101202 Long Portfolio 

Today at the open, RTS 20101202 Long Portfolio opened long positions in the following 10 stocks (equal $ amount in each position):

RVBD  SLW  NFLX  LYB  SWKS  NOV  HAL  ALTR   BRCM  LTD

This is a late post.  I would have posted this last night, but I was busy. My plan is to buy into those 10 stock at or near open tomorrow.

Also, since SGS is long again, I am going to start opening position in a long IT portfolio.  I am planning to buy DDM, QLD, SSO and UWM.  The IT Long Portfolio is a 4X4 matrix (4 stocks with 4 positions for each stock).  I'm buying first of four positions in each one of those stocks tomorrow at or near open.

Past RTS 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

SGS Went Long as of Close of Wednesday 12/1/2010

SGS is Long (as of close of 12/1/2010).
 

SGS is long now.   I didn't get a chance to run the numbers last night.  I'll run them today and post later tonight. 

Market is nicely up, but the probability of back testing SPX 1200 and its 13D EMA is high.

Past RTS 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