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January 17, 2008
Share ThisNow the support at 1390/1360 is not holding anymore and the next level of support is going to be at 1290/1277 although I expect intraday lows toward 1220 before the SP500 will find a solid support.
Sectors.
Overweight:
Utilities
Health Care
Normal weight:
Energy
Consumer Staples
Underweight
Material
Short
Financial
Consumer Discretionary
Industrial
Technology
I have upgraded Healthcare to Over weight.
I have downgraded Consumer Staples to Normal weight,
Industrial and Technology to Short.
Market Barometer LongTerm -60% and deteriorating ShortTerm -100% .
Long positions are fully hedged since November 9 when the SP500 was at 1467.
Positions:
ETF Bonds
30% Allocation initiated Nov8
Long IEF @ 85.23
Long TLT @ 90.65
Sector ETF
10% Allocation each one initiated Nov8
Long IDU @100.03
Long SKF @ 98.99 (This is a ultrashort ETF so make money whit Financials going down)
Short XLY @ 35
NEW POSITIONS:
Buy SIJ (ultrashort industrial sector) for a 10% allocation
Commodities ETF
5% Allocation initiated Nov 16
Long GLD @ 78.71
Stock Index ETF
40% Net Short position Allocation initiated Nov 8
(Those are a ultrashort ETF so make money whit index going down)
Long TWM @ 69.89
Long QID @ 40.24
Long SDS @ 55.36
International Markets ETF
5% Allocation initiated Nov 26
(This is an ultrashort ETF so make money whit index going down)
Long FXP @ 80.50
Safe investing and trading to anyone!
TheInstitutional
