EB Special Portfolio Update - We're Exiting All Positions

I don't like to see today's failure after an all-time high on the S&P 500, especially after what I discussed last week regarding sentiment.  Our portfolios have regained most, if not all, of their losses from Monday's huge gap down on many technology names, and we have a huge advantage over the S&P 500 right now for the current quarter (November 19 through February 19).  I'm of the mindset "why take a chance" on selling over the next few weeks?

Therefore, we are exiting all portfolio stocks as of this time at 2:45pm ET.

I'm not suggesting we're going to see a massive selloff from here and I remain very bullish from a long-term perspective.  But it's all about managing risk and I do think the short-term presents risks that are building.  We will treat our portfolios as though they are completely in cash until our next "Portfolio DRAFT" in a few weeks.  We'll decide at that time whether to reinvest or remain in cash.

Happy trading!

Tom