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.
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
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.
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
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