*Blue Plate Specials* Portfolio – 5/12/10

The question of the day was this: Will the SPX hit its 40 dma or won’t it? About an hour before the close, we got our answer. The SPX finally hit its benchmark indicator prompting orders to cover all of the open short positions in the Blue Plate Specials Daily portfolios.

Here’s the damage:

Capture1
Capture2

No long positions were initiated as the 40dma wasn’t broken decisively. I’m going to take the prudent approach and wait until tomorrow for rally confirmation.

The realized portfolio return (for the past 10 daily portfolios) is -2.06%.

For more info on how this portfolio is generated and how you can generate your own, see the fund rules in the 4/21/10 blog.

Leave a Reply

You must be logged in to post a comment.