Another day...

The major indexes look horrible here and there is no reason to get aggressive or take on additional positions without covering your portfolio to the downside. We have been saying this for the past few posts and we say it from experience. We took an additional position today on the Russell 2000 (IWM) puts. The worst case scenerio for the ITM portfolio is if Oil comes down (alternative energy will come down also) and the market goes up (will lose on our puts).

Take a look at these charts and let us know what you think.

We look forward to your comments.