Be prepared for a breakout….Update

Posted by Chris Kimble on 04/26/2011 at 10:54 am; This entry is filed under S&P 500.

Yesterday I shared the chart below (see post here) suggesting that investors should be prepared for an upside breakout. 

 CLICK ON CHART TO ENLARGE

Below is a chart comparing the Cap weighted 500 ETF/SPY to the Equal weighted 500 ETF/RSP"

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Game Plan....A breakout looks to be taking place, with a better looking pattern in RSP.  Would be an owner of RSP due to the breakout!

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