SGS Market Timer Status: NEUTRAL
Neutral as of close of 6/19/2014
RTS Long Term Current and Past Portfolios
Neutral as of close of 6/19/2014
RTS Long Term Current and Past Portfolios
RTS Portfolio long positions were closed on (Fri 6/20). RTS Portfolio is in cash now.
Simply put indices are over bought. I expect the situation in Iraq worsen which would push oil prices significantly higher and cause a sharp sell off in equities worldwide.
Chances are good that SPX sells off this coming week to find support at its 20 D-SMA around 1940. If that support fails, SPX would probably sell off more to its AUL (thick orange) support around 1920's.
Chances are good that SPX sells off this coming week to find support at its 20 D-SMA around 1940. If that support fails, SPX would probably sell off more to its AUL (thick orange) support around 1920's.
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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