Tuesday 23 October 2007

Portfolio Update: Reduced Long Equity Position A Tad

Just updated my portfolio page to reflect my sale of a tech fund based on my recent bearish signal for the NASDAQ 100. This new signal, based on fading the large speculators when their futures and options net position hits extremes of bullishness and bearishness, was based on the Commitments of Traders report issued Oct. 12. My NASDAQ 100 setup works best with a one-week trade delay, so I executed the signal this past Monday. Check the "Latest Signals" page for more details on this setup, and "How It Works" to learn more about all this COTs stuff and my system based on these interesting government reports.

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