Indices Long Term Current and Past Portfolios
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 N without notice.
In Cash - Closed all longs at SPX 1649 per plan outlined in previous post
A note to those who emailed me regarding RTS-OS: RTS-OS is a new trading system and all trades are paper trades. Furthermore, unlike RTS, RTS-OS does not use a global timing signal.
Rally today was nothing but hedgies covering some of their index futures contracts that had sold short as a "hedge". BM was back today, but very quiet all day, still assessing which way he wants to push the market.
As of close of today, all indices except for NAZ are trading below their 50 D-SMA. Chances are good now that we see a decisive sell off in NAZ (specially in high beta issues) soon, maybe tomorrow. If that does not happen this week, then I think BM is planing a huge rally to skin and roast trapped bears. For now, it's best to leave the casino, go to the pool with a nice tall cold drink and just watch the action.
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 N without notice.
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