The market continues to be in an uptrend and it seems as if it will not retrace at all. I just have to keep watching the chart and not listen to my emotions. My emotions say go short, but I need to watch the chart and watch it go up. I am watching the trading volume dropping off when the SPY rises which denotes a potential retracement soon.
I have attached another pic again of the portfolio. Notice that GIII was removed from the portfolio after a nice 30% return. SPXU was added so look at the pic for the explanation. (click on the pic to enlarge it) I have "insured" all of my positions based upon my rules to do so. This "insurance" will allow me to protect some of my profits.
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