Boy Scout time in the NDX 100 and SPY.

Posted by Chris Kimble on 04/25/2011 at 12:35 pm; This entry is filed under Nasdaq 100, S&P 500.

Is it time to be prepared? Yes!

CLICK ON CHART TO ENLARGE

Long-term support remains in place (See middle chart in this post)  Do be prepared/have a game plan if short-trem overhead resistance is taken out!

Game Plan...Will follow breakout if it happens.  From the long side right now, am owner of PFF and the high yield funds currently. Should a breakout happen, will reduced these holdings and follow the breakout in a more aggressive way.  Am collecting a nice income stream by owning PFF/High yield funds until prices prove themselves.

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