Friday, May 15, 2009


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.

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