Wednesday, October 28, 2009

Bookkeeping: Long for a Trade

TweetThis
We have a beautiful risk/reward set up here - as I opined this morning I'd be happy to turn 180 degrees for a trade.  As we have pushed down to S&P 1047/1048 and held we're entering the exact opposite positions we held this morning

Long TNA (7% allocation)
Long SPY 106 November calls (6% allocation)

Any break below S&P 1047 and we're long gone...

A move near S&P 1060 would be much appreciated

My weightings are not aggressive; I am just trying to add some icing on the cake and see if we can steal an easy trade.  We're overdue for a blow up in the portfolio somewhere here soon so I don't want to get too aggressive.



Long instruments in both fund and personal account

Disclaimer: The opinions listed on this blog are for educational purpose only. You should do your own research before making any decisions.
This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses you might sustain from the content provided.

Copyright @2012 FundMyMutualFund.com