NOV. 19th: CURRENT PORTFOLIO POSITIONING
On Friday I tweeted the following:
The risk/reward at these levels, along with a variety of other factors I discussed earlier, make this point in the markets a favorable place to put cash back to work. I won't be as aggressive on the long side as I was in early October. The picture is simply not clear enough to put on leverage here.
Being that I was in 100% cash, the levels we are trading at along with the pervasive doubt that has resurfaced, warrants taking on some long exposure. I wouldn't at all mind adding on further weakness in the coming week, with a target of 75% exposure.
My plan is to hold IWM and QQQ into the end of the year.
