Sunday, June 24, 2012

Rally Will Continue

 SGS is Long (As of close of 4/30/2012)
On Friday, SPX managed to close above the neckline which is bullish.  I think this rally will continue in the coming week and chances are excellent for SPX to test and close above its 50 and possibly 100 D-SMA's by week's end.

In my LT, I did my fourth and final buy of RTS stocks last Thr.  I also bought my third buy of index ETF's.  My plan is to do my fourth and final buy of index ETF's sometime this coming week.  SPX could sells off intraday to back test its 20 D-SMA around lower 1320's or support around 1310.  Those would be good entry points for opening long positions.

 Face Book

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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Friday, June 22, 2012

RTS Selling WMB and Buying VVUS

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

In my LT Portfolio, I'm planning to sell WMB and buy VVUS in its place early 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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Monday, June 18, 2012

Indices Look Good

 SGS is Long (As of close of 4/30/2012)
Last Friday SPX closed above 1334 (neckline for IHS in daily) signaling a move to test 50 D-SMA around 1350 sometime this week.  Before that test there is an excellent chance SPX sells off to back test the neckline at 1336. 

 Face Book

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, June 10, 2012

SPX Is About To Test Its 50 D-SMA

 SGS is Long (As of close of 4/30/2012)
Last Wednesday SPX rallied and closed above the primary down trend line (shown in brown).  That was very bullish.  That rally was followed by another rally on Friday which sent SPX to close well above its 20 D-SMA.

Right now chances are excellent for the rally in SPX to continue to the next major resistance level at 50 / 100 D-SMA around mid 1350's by end of next week.  My plan to buy my third buy in my LT when a sell off to back test 20 D-SMA happens sometime early this week. I'll post on FB and Twitter.

 Face Book

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, June 3, 2012

Volatile Week Ahead

 SGS is Long (As of close of 4/30/2012)
There is a good chance SPX sells off to test support around mid 1260's and then rallies to test resistance around 1300 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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