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In the face of the weakness this morning, I am taking my foot off of the gas pedal a bit. I sold out of $GNK for a push, and took off 1/2 of my $TIE position to lock in some profits. I may very well deploy the cash later today to some high momentum names acting well, such as $F and the casino names, but in order for that to happen the bulls will need to step up here.
All trades are timestamped inside The PPT.
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TOTAL PORTFOLIO:
EQUITIES/ETF’s: 56%
- LONG: 44% ($ATPG $CRZO $CSTR $GS $HMIN $TIE)
- SHORT: 12% ( long $DZZ, long $QID)
CASH: 44%
Good moves…Homie!