*Blue Plate Specials* Portfolio – 8/25/10

Market Notes
After five down days, a mid-day rally wasn’t unexpected as traders take off some lucrative short positions. Although the VIX came down, it’s still in bear territory. A drop below 25 would alleviate that situation considerably.

One thing noticeably lacking from today’s session was income which has been the play as of late. Sure, there were new highs made in the muni bond space but many of those were made on lower that normal volume. The credit play may have just run its course, folks.

Today’s new portfolio
A short portfolio was entered using stocks selected from today’s New Lows list on the *Blue Plate Specials*. The position size is adjusted according to currently total fund holdings which is down from inception. (Initial position size was $1000.)

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Today’s portfolio close-out
The long portfolio initiated on 8/10 was closed out today for another loss.

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