I’ve been thinking my way around the current state of the markets at the moment, and some possible maneuvers for the GTC Sample Portfolio.
At the moment, I would not be surprised to see a little more upside, in terms of a stock rally. As I’ve mentioned on the Twitter feed, I’ve been waiting a few days for this. As extended as this rally is? It’s not something I want to actually trade? I’m just watching and waiting at the moment. I may be willing to sell some call premium on the indices, if I feel we are topping out. But I don’t see us as in a position to do so, quite yet. As I said, I would not be surprised to see a little more in terms of a rally.
As well, I’ve been keeping my eye on the longer end of the curve, from the 10 Year out. I wouldn’t mind getting short on price, bullish on yield? But again, I don’t think we’re quite there yet.
Tomorrow we will receive a host of economic news, so I will probably wait until then, to see how everything shakes out …