We have added some more Risk to our portfolio.
Depending on your time horizon, Day-Traders more than likely have no position, so trade from the side of the trend (Buy breaks in the stocks and sell rallies in the Bonds until proven wrong)
Longer time frame investors, stay with the positions until proven wrong or they travel to the tgt’s.
A close over 1344.50 today in the S&P 500 Futures would give us more confidence to stick with the LONG SSO/ LONG TBT (SPU/BONDS) position.
The metals are still holding the breaks. We’ll continue to monitor the currencies for something low risk to do.
Remember…We are living in a world where every trade is the same trade. Pick your instruments accordingly. It’s all about trade location and risk management.
Model Trading Portfolio…Current Holdings
LONG
FXC… ETF…USD/CAD
SSO…
TBT…
