Portfolio Management for August 14, 2014

Yesterday was an interesting trading day. The market gapped up and then started to show weakness, leading me to buy a short SPXL position at 73.98 with a stop at 74.24. The stop was hit when the market broke above the 1942 level. I then turned long on the pull-back, but had to close that long position (at break-even) at the end of the day, because the break-out did not bring enough gain for me to risk staying long (and the MF started to be negative.)







This tells us that the market is very indecisive right now.

I closed the two 1/2 short positions but kept the two long GDX/VNQ, because I believe that the hope for more liquidity could easily push these higher. Also, if Russia moves into Ukraine, gold will gain and Treasuries will keep a floor under VNQ.





On the long side, XEC looks interesting. It will need oil to gain traction though.