Tuesday, November 10, 2009

Quicknote on Portfolios

I've positioned short now in aggressive, relevant accounts. I'm pinpointing closing at new highs for the SP500 and NDX as benchmarks for maximum loss (maximum before adjusting). I'm looking at a GS close above the 50-day MA (presently 177.80) as a bench for that particular trade.

In other accounts I am slightly net-short, considering the levered TWM position. The slight net-short exposure affords me being able to add onto new long set-ups without having to stick out my neck. Here too, the same benchmarks above will influence this exposure; I will not continue net-short if benchmarks are breached.

Aggressive Accounts:
-Total Position: ~2.5-to-1 net-short, considering levered (2x's) TWM hedge
-32% invested
overall
-Pure-longs = 12%

Currently Long (according to size): ASIA (4.3%), HRBN (4.2%), RINO (3.6%)
Currently Short (according to size):
-TWM-long (Russell 2k Dbl-short, 15%)
-GS (4.7%)
(Note: inverse-ETF TWM represents being dbl-short the respective index).
Futures Accounts: 20% Short Dec SPX, from 1090.25 (1-to-3 day trade for relevant accts)


Other Accounts:
-Total Position: ~1.5-to-1 net-short, considering levered (2x's) TWM hedge
-24% invested
overall
-Pure-longs = 13%

Currently Long (according to size):
HRBN (4.5%), ASIA (4.3%), RINO (3.5%)
Currently Short (according to size):
-TWM-long (Russell 2k Dbl-short, 11.2%)
(Note: inverse-ETF TWM represents being dbl-short the respective index).
Futures Accounts: NA

No comments: