Monday, May 28, 2012

SPX Is To Test Resistance At 1345

 SGS is Long (As of close of 4/30/2012)
With indices oversold, we're entering into a seasonally bullish week.  Chances are excellent for SPX to rally to test resistance around 1345 sometime this week. 


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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Monday, May 21, 2012

Selling LOW and Buying AMLN

 SGS is Long (As of close of 4/30/2012)

In my Long Term Portfolio, I am selling LOW and buying AMLN in its place tomorrow Tuesday 5/22/12 at the open.


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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Sunday, May 20, 2012

Indices Are At Extremely Oversold Levels

 SGS is Long (As of close of 4/30/2012)
In CASH (per plan closed all positions on 5/14/2012 around 9:30 AM were closed at 4:00 PM on Friday 5/18/2012)

Opening Following positions on Monday 5/21 at open and closing on Friday 5/25 at close or if a goal of 2.5% portfolio gain is reached during the week:
  • Longs: (10 Positions Equal $): VRTX  EXPE  WCRX  T  VZ  MNST  WMT  AMZN  PEP  DIS 
  • Shorts: (10 Positons Equal $):  FOSL  GMCR  ADSK  JPM   C  MS  WYNN  NFLX  AKAM   CTSH
     
Indices are at extremely oversold levels and a sharp bounce is imminent.  Both RUT and DJT are trading around their 200D SMA's.  There is a good chance that SPX also tags its 200D SMA around 1280, then rallies to test resistance at 1310 and 1340.  Based what I have seen in the last two weeks, I believe we are at a bottom and chances of a rally back to 1310 - 1340 is very high.

There is also a remote possibility of a massive sell off which can occur  when indices are at an extremely oversold level like now. I'm not worried about a massive sell off (i.e. crash) because Big Money actions in the last two weeks do not support that scenario. Of course on cannot rule out that possibility, but at this point it's very unlikely.

I'm 50% invested in my LT.  My plan is to do my 3rd buy after we clear 1310 resistance.  A close below 200 D-SMA for SPX would be a red flag and I would look for an exit point for my long positions. 


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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Sunday, May 13, 2012

Indices Are Oversold

 SGS is Long (As of close of 4/30/2012)
In CASH (per plan closed all positions on 5/7/2012 around 9:30 AM after reaching 2.5% gain)
Opening Following positions on Monday 5/14 at open and closing on Friday 5/18 at close or if a goal of 2.5% portfolio gain is reached during the week:
  • Longs: (10 Positions Equal $): VRTX  WCRX  EXPE  MNST  AMZN  DIS  T  VZ  GILD  BIIB 
  • Shorts: (5 Positons Equal $):  SPY
     
  • Update (Mon 5/14 @ 8:38) I'm delaying opening ST positions.  I'll post updates on my FB.
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SPX sold off last week and started to trade in a steeper down trending price channel (thick brown).  Short covering and buying kicked in later in the week which helped SPX to close near the bottom channel line of its shallower down trending price channel that started in April (thick orange).

Indices are oversold.  SPX very likely rallies this coming week to test resistance at its 20D SMA.  If SPX fails to close above its 20D SMA and starts to sell off again, there is a good chance we see SPX drops to test supports around 1340 and possibly around1310 levels by end of this month.  Those levels are excellent buying opportunities.


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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Sunday, May 6, 2012

Europe Turning Left Is Bullish For US Markets

 SGS is Long (As of close of 4/30/2012)
In CASH (closed all positions on 5/4/2012 at close)
Opening Following positions on Monday 5/7 at open and closing on Friday 5/11 at close or if a goal of 2.5% portfolio gain is reached during the week.
  • Longs (10 Positions Equal $): AMLN  VVUS  STX  AEO   LEN  LNG  AIG  GPS  DFS  AAPL
  • Shorts (10 Positons Equal $):  NFLX  ANR  PLCM  GG  RVBD  CHK   ITUB  NEM  EA  SNDK

 SPX very likely sells off to test support at 1340 level.  My plan is to do my second buy for my LT at 1341 unless I see massive liquidation by Big Money as SPX goes down to test that support.  I'll post on my FB page if that happens.

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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Tuesday, May 1, 2012

Buying Today

 SGS is Long (As of close of 4/30/2012)

In CASH (closed all positions @ SPX 1254 on 12/22/2011)

I'm planning to do my first buy of 4 buys near 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.
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SGS Is Long

 SGS is Long (As of close of 4/30/2012)

In CASH (closed all positions @ SPX 1254 on 12/22/2011)

SPX is about to retest its Primary Uptrend Line around 1390.  My plan is to do the first of four buys for long positions in my LT Portfolio at SPX 1391 as detailed below:

50% RTS Stocks: STX  LEN  LNG  GPS  AIG  LOW  DFS  WMB  AMZN  BBT 
50% Index ETF's: SPY QQQ  DIA  IWM


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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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