I sold a few more things today bringing my portfolio back to heavy cash. As it stands now, I own $POT, $SINA, $TZA, & about 80% cash. My gains for the year are north of 10%, so I will keep it light over the long weekend.
At this point, I couldn’t tell you the next move in the market, but I can tell you we are in an overbought cycle, and did a good job of working some of that off today. Maybe one down day early next week, then it will be time to dip buy the TNA.
I’m looking forward to a weekend filled with a whole lot of nothing mixed with a little playoff football. Hope you guys enjoy it as much as I will. #Whodat
Update:
Added $TASR to the portfolio @ 5.17, stop @ 5.05, here’s a look at the daily chart. MACD giving the buy signal here:
$POT broke out from inverse H&S today. lets hope for some confirmation of this move next week. nice work on your early gains in 2012.
10% ? Nice.
Ha, was looking at it as well before saw the tweet. Might join next week.