*Blue Plate Specials* Portfolio – 8/13/10

Market Notes
Here I thought that this morning’s economic data would propel the market in one direction or the other, but not even the upbeat consumer sentiment data could excite investors as the market remained rangebound, virtually unchanged from yesterday’s close. So much for Friday the 13th!

No Portfolio Picks today
Since the market is still trying to decide which way it wants to go, I’m not putting on any positions today. However, if the SPX continues to stay below its 40dma, I’ll enter a short portfolio on Monday and exit the remainder of the long portfolios.

Today’s Portfolio Close-out
Today’s 7/29 long portfolio was closed out about 45 minutes before the market closed. The resulting loss will be subtracted from Monday’s portfolio, divided equally among the portfolio selections.

Capture

For more info on how this portfolio is generated and how you can construct your own, see the fund rules in the 4/21/10 blog. And remember to do your own due diligence!

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