Wednesday, December 10, 2008

Asset allocation: neutral on this market

we appear range bound with a slight upside bias (on account of the Holiday season, and optimism surrounding the new Obama administration). So with that said I will continue to balance out my longs (NOV, GFA, APWR, GU, FWLT, ATW) with my shorts (SRS, FAZ, and of course that bitch of an ETF known as FXP). So I am basically 50/50

When I say "range bound" I mean the bracket support/resistance levels are between
$82 - $93 on the SPY.

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