Batten Down The Hatches!

We’re heading into some stormy weather people.  As I pen this piece the SPY is making new lows after a nasty thrust lower this AM.  I used the pullback after the thrust to get large in SDS, a hedge of sorts.

As we pressed lower I stopped out of many names, including ANR, INVN, and morning initiated longs HOV and HUN.  I sold them all.

My current longs are (by size):

CMG, TPX, F, ZNGA, CREE, RGLD, AWK, and Z

All together the above represent 42% of my holdings.  Most are faring decently into this storm, but I swear no allegiance to any of the names and will cut any that get too loose.

You have to get big in a slowpoke like SDS for it to have any effectiveness.  Right now it stands at an 18 percent position.  That leaves me 30 percent in cash waiting for the next high probability trade.

Try to stay dry out there folks!