I am taking money off the table in advance of the summer doldrums. The market has made an impressive move higher from the lows and may go higher still. I'm not worried about missing some upside here. Instead, I'll remove some of the more aggressive positions including my small cap ultra etf position (RRY). I sold that entire position today. In addition I liquidated my long oil etf (DIG). Oil prices should go higher for the summer driving season, but if stocks suffer so too will oil. Finally, I sold half positions of my IGM and SPY. Nothing to drastic, but I'm more comfortable with less exposure at the moment.

Comments: View Comments |  Wednesday April 29, 2009