Today’s steep sell off (based on the continued spread of the subprime virus) did not affect any of our sell stops. Since I had liquidated some of our more volatile holdings in some country and sector funds last week, we are left with positions that have been fairly stable.
Most of them have come off their highs by 4%-5%, which means there is still a little “play room” until the 7% sell level gets triggered.
Our Trend Tracking Indexes (TTIs) rallied early in the week and are, as of today, positioned in regards to their long-term trend lines as follows:
Domestic TTI: +2.54%
International TTI: +3.07%
We will hold all positions subject to our sell rules.
Contact Ulli