Market Is Overbought - Slight Correction Very Likely (Very Late Post for Fri)

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio
My IT Portfolio
My ST Portfolio 

 Face Book   
opader@gmail.com

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 Overbought - Slight Correction Very Likely

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio
My IT Portfolio
My ST Portfolio 

 Chances are good for SPX to sell off intraday to back test the new neckline around SPX 1336 sometime tomorrow or Friday.  I would be a buyer of that dip. 

Face Book   

opader@gmail.com

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.   

Nearly All Major Indices At Multiyear Highs

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
RTS is selling SLW and buying ARMH in its place tomorrow at the open.
My LT Portfolio

DJI, SPX, NAZ, TRN set new multi-year highs today.  RUT should do the same soon, very likely this week.  Market is in a good shape and rally should continue.  SPX closed above the neck line of an inverse head and shoulder price pattern with relatively good volume.  The objective price for that pattern is around SPX 1430 which was also a peak in May 2008 just before the first down leg of 2008 market crash.  This means the move from current levels to SPX 1430 would likely be a swift one.

Chances are also very good for SPX to sell off intraday to back test the new neckline around SPX 1337 sometime this week.  I would be a buyer of that dip.

Face Book   

opader@gmail.com

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. 

A Test of SPX 13 D-EMA Around 1326 Likely Tomorrow

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

An intraday drop for SPX to test its 13 D-EMA around 1326 is likely tomorrow.  My plan is to buy that dip.

Face Book   

opader@gmail.com

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 At Or Near Multiyear Highs

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

SPX is testing the neck line of an Inverse H&S price formation.  A pull back to the active up trend line (shown in orange) and possibly 13 D-EMA is likely next week.  Those dips are buying opportunities.

Face Book   

opader@gmail.com

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

New 52 Week High Very Likely For SPX Tomorrow - THR

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

DJI set a new post crash high today, other major indices should follow suit soon.  Chances are excellent that we see new highs for SPX tomorrow.

Face Book   

opader@gmail.com

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

Chances Are Very Good For A Big Green Day Tomorrow - Wed

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

I think SPX will break through and close above its active down trend line (shown in orange).  I'm plannig to scale into my ST, LT and IT early in the day (details tomorrow on my FB wall).  Bulls are about to Rock.

Face Book   

opader@gmail.com

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

A Rally For SPX To Test Resistance At 1317 Likely

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

SPX very likely will rally to test its active down trend line (shown in orange) tomorrow.  I doubt very much if SPX could break through that resistance (triple resistance: down trend line, 13 D-EMA, 50 S-SAM) tomorrow.

If selling continues, SPX could drop down significantly to back test its previous down trend line around mid 1280's.

Face Book   

opader@gmail.com

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

Back Testing of SPX Active Down Trend Line Likely Today

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

A drop in indices to back test their recently broken down trend lines is very likely today.  For SPX a pull back to 1311 and possibly 1306 is very much in the cards.  As indices are pressured if there is no whole sale liquidation in the broader market, those dips are good opportunities to scale into long positions.

Face Book   

opader@gmail.com

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 Flight Is On Once Again For Tomorrow -- Bulls Likely Winners

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

 

Tomorrow, Market very likely decides whether to start pushing for new highs or selling off to back test important supports. I think it's going to start heading north. A close by SPX above the active downtrend line (shown in orange) would be a good place to start scaling into long positions.  A close above its 13 D-EMA would be another confirmation of the up move. Bulls are setting things up to take charge.

Face Book   

opader@gmail.com

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 Testing Support At 1300 Likely Tomorrow

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

Down trending price channels are very much intact for all five major indices.  Chances are good tomorrow for SPX to test psychologically important support at 1300.  My plan is to add more long positions to my ST  Portfolio if SPX sell off to 1301.

Face Book   

opader@gmail.com

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

A Rally To SPX 1320 Resistance Very Likely Tomorrow

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

SPX has now formed a tight down trending price channel.  A rally first to test resistance at 1320 and then the upper channel line (shown in orange) around 1325 is likely.  A close above the orange line sometime this week would be bullish and would signal much higher prices for SPX in near future.  Long term I am bullish and believe we'll see new all time highs for SPX and RUT sometime this year.

Face Book   

opader@gmail.com

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

A Test of SPX 50 D-SMA Very Likely Tomorrow

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio



There is a good chance that SPX sells off to test its 50 D-SMA around 1311.  My plan is to buy that dip and open up long positions in my LT (first of possible 3) and IT (first of possible 4) portfolios.

Face Book   

opader@gmail.com

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 Range Bound

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

SPX is forming what looks like a bear flag to me.  I think a test of 50 D-SMA around SPX 1311 is very likely this week.

Face Book   

Twitter

opader@gmail.com

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.

Indecision Continues

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

No change since yesterday.  All indices now look ready for a test of their 13 D-EMA support.

Face Book   

Twitter

opader@gmail.com

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.

A Test of SPX 13 D-EMA Around 1320 Very Likely

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

No change since yesterday, a drop to 1320 is very likely.

Face Book   

Twitter

opader@gmail.com

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.

A Test of SPX 1320 Still Very Much In The Cards

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

I'm still looking for an entry point to start opening new long positions.  I think SPX 1320 might present itself tomorrow, but you never know for sure.

Face Book   

Twitter

opader@gmail.com

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.

A Test of SPX 1320 Very Likely Tomorrow

SGS is Long (as of close of 4/1/2011)
RTS 20110404 Long Portfolio (Bench Mark)
My LT Portfolio

Market is overbought and a pull back to test support by SPX at 1320 is very likely.  I'm planning to buy that dip.

Face Book   

Twitter

opader@gmail.com

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 Looks Good

SGS is Long (as of close of 4/1/2011)
RTS in Cash (Bench Mark)
My LT Portfolio

SGS went long as of close of Friday.  For RTS 20110404 Long Portfolio, RTS opens (buys) new long positions in the following 10 stocks tomorrow Monday 4/4 at the open:

GMCR  MCP  TSO  MEE  PCX  NBR  SLW  NOV  NFLX and CIEN

Two leading indices (RUT and TRAN) out of five major indices I follow are at new 52 week closing highs.  It's highly likely that the remaining three would follow suit soon.  I'm setting up to buy all dips in my ST, IT and LT.

Face Book   

Twitter

opader@gmail.com

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.