Internals are very strong so far today, but the potential to sell on the news may be high. I've reduced long exposure, but not significantly at this point.
I paired-back a bit on some extended and/or thin names. And on the other side I'm hedging some, using GS above or below its 200-day MA as the key. GS is presently below the 200-day price of 115.60, but not by much. If GS can re-take the 200-day and hold, then I will let go the (new) FAZ hedge. If GS starts trending lower now, I will increase FAZ to further protect longs here. [written fast here - I'm not short GS, but using it as key to adding/reducing new FAZ hedge]
I also added ACC short earlier today (18.28 ave). However I should stress that I came into the day exceptionally long, so these shorts today represent only a slight hedge at this point.
I'll update the full position here in another hour or so. In the meantime I continue to Twitt the changes live.
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