The question is of course - will it hold? We’re back above the Nasdaq 13K level and have once again rebounded strongly from the 12,500 range. Just as importantly - we’re had two strong positive days in a row.
Today I unpacked some of the extra shares padding the STARTERS from RTHG strategy. Still got some depth there to go - but its a shot in the dark toward getting back to normal allocations. Although - having some cash in the portfolio just feels better and provides options for taking advantage of opportunities where I think I find them. Or something like that.
Nothing much has changed in the lineup over the last few days:
B) The Bench
Couple of the companies are jockeying for position with DDOG, MNDY and ZS bunched at the top followed by BILL and SNOW and S and then UPST.
The plan for tomorrow is simple: if the market reverses downward, dependent upon the depth it sinks to - I may add back all the shares I trimmed today. On the other hand - if the market continues to rally I am committed to not doing anything to stop it.
All the Best,
Note: With all those positive gains today - it probably wouldn’t hurt much to grab a few cans of Dinty Moore and head to the local Food Bank. Hungry folks sure would appreciate it and you would be that dashing, invincible, masked hero of your youth.