Market in correction
Our intermediate term Market Direction Model (MDM) remains positive (Long).
We were stopped out of a number of positions on Wednesday. At the moment headline risk remains extremely high. We will maintain a cautious stance until we get some resolution on the political front.
Long/Short Folio: No short signal was issued as of yet.
In our Long/Short Folio our gold miners ETF (GDX) was stopped out Thursday morning. We did add back a 1/2 position in of our small cap ETF (IWM) after being stopped out yesterday.
Recent changes I have made to the holdings in the Flexible Income Folio have been a positive. We remain Long GLD (gold ETF) in the Inflation Hedges Folio.
We are no strangers to market turmoil. We have handled tough situations in the past and will handle the situation we are now confronted with. The key is to preserve both account capital and mental capital so that we are able to seize opportunities as they arise.
This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.
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