NOV. 14th: CURRENT PORTFOLIO POSITIONING

Posted By admin on Nov 14, 2011 | 0 comments

I tweeted the following trade during the final hour of trading on Friday:

A small position for me is 10% or less of the portfolio.

I have no plans of adding new positions over the coming week. I am fine remaining with a large portion of cash in the portfolio awaiting a move to the top of our current range. That should be around 1300 on the S&P. At that point, I will be happy to further put on short exposure.

It's too early to become wildly bearish and too late to be outstandingly bullish. Cash is the call here.