Monday, July 30, 2012

SPX To 1400 And Beyond

SGS is Long (As of close of 4/30/2012)
RTS sells AMLN and buys COG in its place on Mon 7/30/12 at Open.

We're on our way to challenge multi-year highs in all indices as we enter into the strongest part of the 4th year of the Presidential Cycle. I expect an all time high in SPX sometime this year.

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Friday, July 27, 2012

Hmm.....

 SGS is Long (As of close of 4/30/2012)
 
Long Term Current and Past Portfolios
RTS sold LNG and bought AEO in its place on 7/20/2012.

Yesterday (Thr, 7/26) Big Money was shifting massively out of small caps and into big ones. 50 D-SMA for SPX held nicely on Tue and Wed this week.   I think SPX is its way to challenge its recent high at or around 1380.

I'm watching NAZ, DJT and RUT to see if they move up to test their recent highs.  If they don't as DJI, OEX, NDX and SPX test or take out their recent highs, then it would be wise to take some money off the table or at least sell covered calls on long positions.

Long term (weeks to months) I am very bullish simply because we have all central banks standing by to back stop all markets by injecting into them as much money as needed.
 
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Sunday, July 15, 2012

SPX 1400 Is Very Much In Site

 SGS is Long (As of close of 4/30/2012)
Chances are still excellent that SPX rallies and hits 1400 within the next couple of weeks.  I am 100% long now in my LT.

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, July 1, 2012

SPX 1400 Is Around The Corner

 SGS is Long (As of close of 4/30/2012)
Chances are good now for indices to continue their rally in the next couple of weeks and SPX 1400 (IHS Objective) very likely will be tested.

SPX 1400 would be an excellent point to sell out of money index ETF's calls and at money equity covered calls.  SPX could also sell off to back test the down trend line it broke through on Friday and possibly its 50 D-SAM around 1340 before powering up to 1400.  Those two supports are both excellent entry points to open or add new longs or sell out of money index ETF's puts.


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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