Market update: The SPX dropped almost 44 pts (almost 3%) by the day's end. Up only 2.54% YTD. Fund vs. SPX : (6+4) vs. 2.54 % That was one well timed moving to cash...
Well, lately we have had such a huge gaps AH, that I figured a 5 pts SL most likely would get hit. Also, at this point I have a more then statisfying lead over the market, so I thought even if we go down, I can afford it. On the other hand, why go down? So SL is at 1450... I didn't like the way the day ended, there is a good chance I will get stopped out overnight, currently at 1454...
Market update: the SPX dropped 1.8% today, but I only dropped 8+5, a bit under 1 %. I tried to lock in the gain over the market but was early and got stopped out... So the standing is currently: I am up 85.5-8-5= 72.5 or about 5.1% from trading, the market is up only 0.8 % YTD.... Overall the fund has an 8% lead over the market...
Long from 1417... no SL on this one.... P.S.: The market went negative YTD, so I am locking in a 9% lead over the SPX...
Sell at 1458.... Fed has cut the rate just before the open, but I don't trust it will have a lasting effect, we shall see.... I might go long again if it falls back....