DEC 23rd: PORTFOLIO POSITIONING
During the trading day Friday, I tweeted the following:
EDC was initiated on December 13th with an additional buy made on December 14th.
I initiated mid-sized positions in TZA and FAZ. Both of these sectors will be susceptible as the market is now in the process of topping for a retest of the October lows. I outlined some of the reasons I believe we are close to putting in an intermediate term top in my article posted today.
As of the close Friday, I am long three inverse ETFs: SCO, TZA and FAZ.
I may be adding early next week depending on price action.
Happy holidays to one and all!
