In Cash as of 9/3/2013
RTS-OS Portfolio and Trades (paper trading)
In Cash for now ... this new system needs more improvement via back testing.
In Cash for now ... this new system needs more improvement via back testing.
Indices are overbought. Chances are good that the "Fiscal Cliff" sell off that started late last week continues on this coming week.
Question: Is this the beginning of a significant correction (better than 7%) or just a few percent drop in indices and hence a buying opportunity?
To me the best way to answer that questions is to watch high beta Big Money's SB's (TSLA, NFLX, FB, AMZN, ....) and NDX. If BM's SB's are sold off at high volume and we also see NDX under preforming other major indices, I would conclude that BM is unloading and equities are going to correct significantly. Otherwise, the "Fiscal Cliff" sell off is just another buying opportunity.
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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