Just a quick note about our current portfolio positions. Our core market health indicators have deteriorated further throughout the week. They’ve fallen enough that we’re raising cash in our Long / Cash portfolios and adding hedges to our Hedged portfolio.
Our Long/Cash portfolios are both now 40% long and 60% cash.
Our Hedged portfolio is now 70% long and 30% hedged with a simple short of the S&P 500 Index. The ETF SH is an easy way to short SPX if you don’t want to short SPY. The long portion of our portfolio still remains the stocks we believe will outperform the market over the long term. However, we’ve trimmed some positions based on their future prospects and used that cash to purchase the hedge.
Note: charts added on 2/24/13