Shifting of the Wind

I don’t know about you, while the SPY opened UP; there seems to be a lot of wind blowing against my face instead of propelling me from behind.  Before seeing my gain evaporating from yesterday lucky gain; I do not ever forget the “essence” of the musical chair game we are playing here at the stock exchange.  Needless to say, I immediately took profit when there were still chairs left to grab before the music stopped.

Took profit on all my positions except my long-term equity.

Current position:

Long-term equity: 9.6%

Short (bought TZA): 5%

Cash: 85.4%

Good Hunting!

ps. I will add to TZA if it takes out yesterday high.

 

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