Thursday, October 6, 2011

Show Me The Money Or Else

SGS is LONG (As of close of 8/24/11) 
Indices rallied and closed right around their 20D SMA as expected.  Tomorrow bears have a chance to take indices way down if unemployment data massively disappoints.  Otherwise, indices will make an attempt to test their 50D SMA.  For SPX, that would be trading around 1180.

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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.
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