Friday, March 26, 2010

Updated Position (and a quiet comment)

Steady as she goes for the market as next week's quarter-end and the big improvement in jobs is scratching closer.

We've seen clear distribution now (yesterday and Friday the most glaring examples), combined with over-enthusiastic heads parading (CNBC and every guest with a head in worry-free mode now).

That does not make a top, but it does light the lighthouse wick. That's as much as I will say for now.

I'm off to Hawaii next week and will be making a much more steady diet of posting once the new-improved economy is upon us and the public can finally confidently get back into stocks; come the week of April 5th.

Total Position: Presently a shade net-long; 80% invested

Currently Long (according to size): BEAV (8.1%); MRVL (6%); MF (5.8%); ULTA (5.5%); SIRO (5.5%); AVGO (4.6%); CISG (3.5%)

Currently Short: TWM-long (Russell 2k Dbl-short, 9.2%); DB (5.9%); EPV-long (European Index Dbl-short, 5.8%); DST (4.4%); FWLT (4.4%); MS (4.3%)

Pairs: Long 5.5% long Toyota (TM), from 76.90 + Short 5.6% Ford (F), from 14.04 (averaged up on F with previous add-on trade)

Futures Accounts: No current position

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