I’m going to sound like I’m full o’ crap, but I sold all my long positions earlier today, every one at a profit. By no means did I sell at the peak of the day, but this market is incredibly fragile.
As I stand here now, I’ve got one position – short Consumer Staples Select Sector SPDR® Fund (NYSE:XLP) – and that’s it. I’ll probably spend the foreseeable future just doing daytime scalping with no overnight positions.
Maybe.