Examining a large group of ETFs and broken trendlines in the indices we decided to go into the weekend moderately hedged. So we bought the short S&P SPXU and added on to our gold position with a leveraged gold ETF, UGL.
We will be posting charts later today or tomorrow. This is a trader’s decision, not an investor’s. In all likelihood we’ll be out of it in a few days. And once again the system — which says, don’t mess around with the portfolio will be proven the wiser trader.