Friday, May 15, 2009
MARKET COMMENTARY (5-14-09)
I am not sure what to expect today. We may continue trading in the approx. 884-898 range on the SPX, also within a secondary range between 880-905. I am currently 20% Short/15% Long/65% cash. Long positions are in ABCW, MRGE, and AHD and short positions are in QID, FAZ, SRS, and TZA.
As for the dollar stocks, some stocks still look good, so I may add them. Everything depends on today's action, primarily the close as I continue to rebalance the portfolio.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment