All that said, the closer we get to S&P 1010, I'll be willing to buy some of these names that we sold off almost our entire position during this rally, and currently only have a holding stake of 0.1%. I have about 4-5 names of that ilk.
I created a basket of commodity exposure with 4 stocks, 0.5% into each to create a 2% position last week - I am going to sell the weakest 2 of the 4 today, so effectively this will drop from a 2% position to a 1% position. Freeport McMoran Copper & Gold (FCX) and Walter Industries (WLT) [coal] are the weaker 2; both will be closed.
Rovi (ROVI) looks like it has run out of steam, so I am going to cut it back by 1/3rd. It also may have formed a double top at $45 which would be bearish. If it falls below $41 and stays there, I might be done with the position, but for now just cutting back.
Long Monsanto, Rovi in fund; no personal position