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Despite how resilient the market has been today, I am not convinced that we have ended a much needed consolidation. Therefore, I made the following trades:
- I booked profits in $NTCT and sold out.
- I booked profits in $MELI and sold out.
All trades are timestamped inside The PPT.
___________
TOTAL PORTFOLIO:
EQUITIES: 42%
- LONG: 34% ($ROVI $TQNT $RINO $CTXS $CMG)
- SHORT: 8% ($LULU)
CASH: 58%
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Still feels like a constructive consolidation to me, rather than setting up for a trip to the bottom of the range. I would guess a green close would be very good.
Could very well be.
I welcome the discussion. I am at the gym now trying to get my fat ass in shape. i will respond tonight.