Hi everyone, it seems not a lot of movement in the past few days, that's only on the surface, in reality we are gapping around and fading up-side movements.. I'd say there is some sort of fear coming back. As one of our readers, Doodelzack, pointed out the NASDAQ is re-balancing by reducing its weight on Apple and adding more MSFT. In addition to this, we have the Federal budget stand-off that might lead to a government shut down (according to IBD, NASDAQ dropped 4 and 3% in the last 2 times the government closed its doors).. This plus some noise around the FED having to hike rates may be causing some volatility in the short term, so let's all stay alert to that..I have been taking it easy on my trading, creating a portfolio with a bit of Gold, some cash secured Puts and Synthetic Covered calls.. I'm doing a lot of backtesting as well as building the positions slowly on my portfolio. Bottom line is I'm looking for something with a lot less adjusting and a longer term perspective due to my time constraints.. Not to mention keeping it simple is always good.
