Tuesday, March 31, 2009

Back to cash.

The SPX did make 809 today which is the bottom yesterday's opening gap. I will follow the sell rule I set yesterday. I'll move all accounts not managed by mechanical methods back to cash at today's close as long as I still have a profit at my fund cutoff time. Much of this capital is invested in Rydex Nova. So as of right now I'm looking at about a 3.5% one day gain. Of course, there's still 53 minutes left and a lot can happen in that time.