Wednesday, October 17, 2012
LM and TAQK Updates...10.17.12
QQQ is suffering from the APPLE malaise with similar results in XLK. With the holiday season approaching, the release of the mini and great expectations for consumer spending, the odds are in APPLE's favor going forward unless they stumble with another Foxconn type blooper.
Volume has been very low so far this week as we approach options expiration this Friday.
GLD is once again looking toppy but its participation in the fixed allocation models is relatively small so downside risk to the portfolio is limited. The covered call GLD hedge mentioned in previous posts is my current tactic.