Sunday, November 25, 2012

An All Time High For SPX In 2012?

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

Indices rallied last week as Big Money aggressively bought the dip into SPX 1340's.  SPX seems to be forming an Inverse H&S with its Neckline around 1430 to 1435 (thick green).  There is a good chance that SPX rallies to the neckline this coming week and then selling off to 1410 - 1400 to form the right shoulder. After that a rally pass the neckline signals a move to lower 1500's and possibly a melt up to higher 1500's.

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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Monday, November 19, 2012

Indices Are Oversold - Late Post

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

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Indices are rallying from an oversold condition today (Monday).  I think there is a good chance we see SPX test resistance at 1400 to 1410 level this week or early next week.

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, November 11, 2012

Indices Are Oversold, A Rally Is Imminent

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

RTS is selling UNG and buying NFLX in its place on Monday 11/12/2012 at the open.



Indices were push down hard which forced weak long hands to fold.  At this point, indices are oversold and we should see a rally starting tomorrow.
 
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.
on

Sunday, November 4, 2012

Hello Four More Years

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

Action on Friday was very disappointing for bulls, but I still think as soon as the election is over indices will rally into Christmas.

As far as election goes it's over imo, Obama will get his second term, Reps lose a few seats in the house, but still keep it, Dems gain 1 to 3 seats in the senate and keep that. I think Market might initially sell off maybe Wed AM, then it will rally hard into next year.

If we have no president by Wed AM (less than 1% chance imo), Market will go down hard on Wed and continue going down until it's sorted out again by the SC which would give presidency to Romney (5-4) sometime in Dec or early Jan.   If that happens, I would close all long positions and start opening short 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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