A rallying Dollar has led to a reasonably nasty reversal in stocks today. I've reduced exposure and am presently about 1.75-to-1 net-short, considering levered hedges; but only 45% invested total with pure-longs now just 23%.
I'm going to be away from the screen for most of the rest of the day. Updates from here on my Twitter page may be delayed as a result, but unless we re-reverse higher today I may have little or no further activity this session.
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