I
am now 50% short in the trading portfolio using the ETF QID (2x short the Nasdaq
100). Today we hit the 1175 target so
I added the short position. Since I expect
that we will have to test the 1119 level, a short here makes sense since 1175
is about 5% above the 1119 low. So if we move back to the 1120 level, we can
make a profit of about 10%. If the
market goes up, I’ll add more shorts. We’ll
see if it works out. 1175 is about half way back to the previous high.
NTSM
is HOLD today.
I sold on the 27 July sell signal at S&P 500 1301 and I am
defensively positioned with only a small amount of my portfolio invested in
stocks. (Zero stocks in the 401k.)
(See
the page “How to Use the NTSM System” – the link is on the right side of this
page).
