Saturday, August 9, 2014

Friday's trend reversal turned the past week into a slightly down week for me since I maintained the .SPY141018P192 hedge through Friday.  But given Friday was an oversold rally on low volume it will take several follow-throughs before I am willing to take the hedge off.  Three names in the portfolio have had Opinion changes and I will be watching $OKE, $SE and $TEN for exit alerts on Monday.  The market model remain Bearish and both the Dow Industrials and the Russell 2000 now carry a Bearish opinion.  Model Portfolio details can be viewed by clicking on Alpha Model Portfolio.  Please review the disclaimer statement published on August 3, 2014.


No comments:

Post a Comment