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.
