Friday, February 25, 2011

Ready to take the long position again

I have been waiting for the markets to pullback since the end of January and now seems this is the time to get back in after a nice pullback the last few days. The overall markets in my opinion is still in good shape at least for the next few months. I will place the long position of selected ETFs in the portfolios at the market close today.

ETFs that I am looking at for Long position included: SPY, IWM, EFA, EEM, ILF, GLD, SSO. For pair trading I will close out the current position and go Long with TLT and hedge with PST (inverse) as I think the interest rate will be kept at the current level for a while.

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