The four moves I made were
- Got out of my long financial position, UYG. I had a 50% gain in just a few weeks and decided not to be greedy. Sold it at $3.91 when I had a cost average of about $2.50.
- Got more short the Dow. Added to my position of DXD.
- Increased my position in the material's ETF, XLB.
- Increased my position in the Chinese ETF XFI.
All told, I increased my exposure to the market a few thousand dollars but probably went net short since my two long positions were about as long as the position I sold in the financials. I really have no idea how long the current rally will last. I have a feeling it might go up some more tomorrow as the market reacts positively if it is either good news or bad, the sign of a bull market. I keep waiting for the market to correct, and yet it doesn't seem to want to do it.
I am still not comfortable investing in the Chinese EFT XFI. Maybe next year.ReplyDelete
Hhahhaaa. Im not too bright today. Great post!ReplyDelete