Big Money Is Not Selling

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

 

Cash indices are pushed up and dragged down dramatically via their future contracts these days, but there is absolutely no sign that Big Money is liquidating his long positions.  So long as Big Money is not unloading, the down side risk for is limited.  Steep sell offs are buying opportunities.

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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.

Downside Risk Is Very Limited

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

From my FB page yesterday prior to close:

There is no selling by Big Money today. A few things were panicky sold, but got pick up nicely.  Downside risk is limited imo. This is a buying opportunity.

17 hours ago

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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 Rally Very Likely Continues Tomorrow

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

Despite today's disappointing close, there is an excellent chance that the rally continues 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.

Very Impressive Rally Today

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

Today's rally was impressive.  I expect it to continue and regain all last week's losses within the next couple of 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.

Close Is Everything

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

I'm all in long now, 50% in indices and 50% in RTS stocks.

 

 Futures look good, let's see where we close 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.

Once Again Cash Indices Are Dragged Down via Their Future Contracts

SGS is LONG (As of close of 8/24/11) 
RTS 200110825 Long Portfolio (Bench Mark)
 
My Long Term Portfolio
I'm buying my 3rd and last buy of RTS stocks at the open today  (Thr)

 

In the last few trading days, there has been no or very little wholesale liquidation by Big Money.   Cash indices are dragged down via their future contracts, creating an excellent buying opportunity.

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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 Looks Good

SGS is LONG (As of close of 8/24/11) 
RTS 200110825 Long Portfolio (Bench Mark)
 
My Long Term Portfolio
Doubled down on RTS stocks on 9/9.  My LT Portfolio is now  invested 50% in index ETF's, 33% in RTS Stocks and 17% in cash.  Still waiting to buy my last buy of RTS stocks.

A very bullish pattern has emerged in the last two trading days where indices close near their HOD after sharp sell offs earlier in the day.  Sell offs are happening on relatively low volume and without participation of major players (i.e. Big Money).  These sell offs are buying opportunities.

I'm away until Sat 5/24.  I'm not going to post everyday.

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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.

Expecting A Sell Off Tomorrow, Possibly A Good Buying Opportunity

SGS is LONG (As of close of 8/24/11) 
RTS 200110825 Long Portfolio (Bench Mark)
 
My Long Term Portfolio
Still waiting to open more long positions

There is a good chance that we see a 1.5% to 2% drop in indices tomorrow.  I think that would be a good place to open more long positions.

I'm taking a couple of weeks off.  I'm not going to post everyday, only as needed.

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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 On Its Way To Test 1210-1215 Resistance Band

SGS is LONG (As of close of 8/24/11) 
RTS 200110825 Long Portfolio (Bench Mark)
 
My Long Term Portfolio
Still waiting to open more long positions

Indices closed at their highs of the day, that's always bullish.  Also, volume picked up as we neared close, another bullish sign

I think there is a good chance tomorrow that we see SPX testing its resistance band between 1210 -1215.  On Friday I expect money to come off the table as we go into the 911 10th anniversary weekend.  Also on Friday indices might sell off hard, specially if Obama disappoints (almost a certainty) in his speech tomorrow night.

My plan is to cover my SPY puts as indices rally early in the day tomorrow.  On Friday if indices are push down hard via their futures, I would do my 2nd buy of 10 RTS stocks.

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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 Successfully Tested Important Support At 1140

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

My Long Term Portfolio
I'm 50% in (IWM, QQQ, SPY equal $) and 16% in 10 RTS Stocks
Planning to add more  long positions at SPX 1121

SPX successfully tested its most recent up-trend line.  Today's recovery into the close from earlier sell off was impressive.   With a little bit of help from Europe tonight, indices should recover most of their last week's losses 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.

It's All About Europe Again. Where Are Their 3 Stooges, Hank, Tim and Ben?

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

My Long Term Portfolio
I'm 50% in (IWM, QQQ, SPY equal $)
On Friday I bought my first buy of RTS stocks at SPX 1176.

Europe got hit big today, specially European banks who are to lose a great deal of money unless they're made whole by European Governments (more like one government and that's Germany).  The issue with those governments is that they are not as corrupt as ours so socializing big private companies' losses and debt obligations won't be as easy it was when GW, Dick, Hank, Tim  and Ben did it in 2008.

I think what's happening in Europe will be turn out to be bullish for our markets.  Money will leave Europe and find its way to US markets.  Downside risk is very limited and sells offs during this month are buying opportunities.  My plan is to do more buying (RTS stocks) if I see indices sell off better than 2.5% during the day 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.

SPX To Back Test Symmetric Triangle Price Formation

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

My Long Term Portfolio
I'm 50% in (IWM, QQQ, SPY equal $)

I have not bought RTS stocks, planning to buy first of three buys tomorrow as SPX trades at lower 1190's.  I'm planning to buy: EXPE  AMZN  NEM  MCD  M  AXP  BMY  PPL  DFS and  KO

 

On 8/29 SPX broke out of a Symmetric Triangle formation (thick blue) and closed above it.  SPX is coming back down to back test that formation at mid 1190's, very likely tomorrow shortly after open.  Chances are excellent for SPX successfully back test the formation and then rally back to challenge its recent high of 1230 sometime 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.