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fib_1618

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Reply with quote  #1 
With today's breakout above the April highs in several of the major indices, the following allocation switch would seem to be appropriate at this time:

20% long the technology sector via XLK
20% long the financial sector via XLF
10% long the real estate sector via URE
10% long the energy sector via XLE
10% long the industrial sector via XLI
10% long the precious metals sector via SLW

This will leave me in a 20% cash position.

It should be noted that the current market internals are highly "overbought" and where tighter then usual stops will be applied on these initial positions.

Any changes to the portfolio will, of course, be duly noted.

Orders will be placed at 14:30 eastern and posted later to provide fairness.

Fib



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"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

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fib_1618

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Reply with quote  #2 
Executions as follows:

XLK @ 25.08
XLF @ 15.04
URE @ 51.06
XLE @ 61.81
XLI @ 33.17
SLW @ 32.03

Fib



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"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

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fib_1618

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Reply with quote  #3 
Adding to my allocation:

10% long housing sector via XHB.

This order will be placed at 14:00 Eastern and posted later to provide fairness.

Fib




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"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

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fib_1618

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Reply with quote  #4 
Execution @ 16.51.

Now 10% cash.

Fib


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Dave's LinkedIn Profile

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"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

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fib_1618

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Reply with quote  #5 
With breadth of market collapsing, I'm going to close all positions in the next hour or so.

I will post the trades once they are executed.

Fib


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Dave's LinkedIn Profile

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"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

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fib_1618

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Posts: 4,419
Reply with quote  #6 
Executions as follows:

XLK @ 23.80
XLF @ 14.74
URE @ 44.47
XLE @ 61.03
XLI @ 31.86
SLW @ 30.71
XHB @ 15.59

Total portfolio loss - 4.32%

Total loss 2010 ~ 9%  

By far...the poorest performance in over 20 years.

But I'll be back.

Fib

P.S. - And like I said at the end of August...now that I'm out, the market can go right ahead and bottom.




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Dave's LinkedIn Profile

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"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

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